Leda Partnership Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08936711 (England and Wales)

LEDA PARTNERSHIP SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

D J Howkins

L Plummer

SECRETARIES:

Mrs S Howkins

Mrs A S Plummer

REGISTERED OFFICE:

71 Knowl Piece

Wilbury Way

Hitchin

Herts

SG4 0TY

REGISTERED NUMBER:

08936711 (England and Wales)

ACCOUNTANTS:

Jones Hunt

Chartered Certified Accountants and

Chartered Tax Advisers

71 Knowl Piece

Wilbury Way

Hitchin

Herts

SG4 0TY

FIXED ASSETS

Tangible assets

3

285,479

244,430

CURRENT ASSETS

Debtors

61,605

24,808

Cash at bank

9,305

92,268

70,910

117,076

CREDITORS

Amounts falling due within one year

88,161

60,703

NET CURRENT (LIABILITIES)/ASSETS

(17,251

)

56,373

TOTAL ASSETS LESS CURRENT LIABILITIES

268,228

300,803

CREDITORS

Amounts falling due after more than one year

(137,067

)

(165,581

)

PROVISIONS FOR LIABILITIES

(47,344

)

(41,446

)

NET ASSETS

83,817

93,776

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

83,717

93,676

SHAREHOLDERS' FUNDS

83,817

93,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24th October 2018 and were signed on its behalf by:

D J Howkins - Director

L Plummer - Director

1.	STATUTORY INFORMATION

Leda Partnership Solutions Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Motor vehicles

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2017

535,571

Additions

231,416

Disposals

(14,338

)

At 31st March 2018

752,649

DEPRECIATION

At 1st April 2017

291,141

Charge for year

184,633

Eliminated on disposal

(8,604

)

At 31st March 2018

467,170

NET BOOK VALUE

At 31st March 2018

285,479

At 31st March 2017

244,430

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st April 2017

77,203

Additions

48,390

Disposals

(14,338

)

At 31st March 2018

111,255

DEPRECIATION

At 1st April 2017

26,900

Charge for year

22,251

Eliminated on disposal

(8,604

)

At 31st March 2018

40,547

NET BOOK VALUE

At 31st March 2018

70,708

At 31st March 2017

50,303

4.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Hire purchase contracts

68,052

56,031

5.	RELATED PARTY DISCLOSURES

Mr D Howkins and Mr L Plummer

Company directors and shareholders of Leda Partnership Solutions Ltd

Dividends amounting to £60,000 were paid to the directors during the period (2017: £60,000).

Dividends amounting to £60,000 were paid to close family members during the period (2017: £60,000).

Leda Scaffolding Limited

A company in which D Howkins and L Plummer are directors.

The company has entered into the following transactions with Leda Scaffolding Limited during the year:

Sales to

£480,000

Amount due from related party at the balance sheet date is £61,605 (2017: £17,671).

6.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the

Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Leda Partnership Solutions Limited for the year ended 31st March 2018 which comprise the Abridged Income

Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Leda Partnership Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leda Partnership Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Leda Partnership Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leda Partnership Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leda Partnership Solutions Limited. You consider that Leda Partnership Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Leda Partnership Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jones Hunt

Chartered Certified Accountants and

Chartered Tax Advisers

71 Knowl Piece

Wilbury Way

Hitchin

Herts

SG4 0TY

24th October 2018