Living Leader Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09084514 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

for

LIVING LEADER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E P Littmoden

Ms P M Ferguson

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09084514 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,617

2,360

16,617

2,360

CURRENT ASSETS

Debtors

6

277,109

68,763

Cash at bank

152,958

150,945

430,067

219,708

CREDITORS

Amounts falling due within one year

7

355,697

221,487

NET CURRENT ASSETS/(LIABILITIES)

74,370

(1,779

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,987

581

CAPITAL AND RESERVES

Called up share capital

8

101

101

Retained earnings

9

90,886

480

SHAREHOLDERS' FUNDS

90,987

581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 28 December 2018 and were signed on its behalf by:

Ms P M Ferguson - Director

1.	STATUTORY INFORMATION

Living Leader 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

1,500,000

AMORTISATION

At 1 April 2017

and 31 March 2018

1,500,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2017

4,601

838

5,439

Additions

-

22,566

22,566

At 31 March 2018

4,601

23,404

28,005

DEPRECIATION

At 1 April 2017

2,489

590

3,079

Charge for year

704

7,605

8,309

At 31 March 2018

3,193

8,195

11,388

NET BOOK VALUE

At 31 March 2018

1,408

15,209

16,617

At 31 March 2017

2,112

248

2,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

117,503

67,333

Other debtors

1,070

1,070

Directors' current accounts

111,136

-

Prepayments and accrued income

47,400

-

Prepayments

-

360

277,109

68,763

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

31,044

41,867

Tax

46,804

10,384

Social security and other taxes

2,006

3,567

VAT

47,973

62,798

Other creditors

8,396

3,311

Accruals and deferred income

219,314

98,500

Accrued expenses

160

1,060

355,697

221,487

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

96

A Ordinary

£1

96

96

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

1

E Ordinary

£1

1

1

1

F Ordinary

£1

1

1

101

101

9.

RESERVES

Retained

earnings

£

At 1 April 2017

480

Profit for the year

163,806

Dividends

(73,400

)

At 31 March 2018

90,886

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £53,400 (2017 - £39,760) were paid to the directors .

At the balance sheet date the director, Ms P Ferguson owed the company £111,136. This was

repaid within 9 months of the year end.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms P M Ferguson.