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No description of principal activity
2020-04-01
Sage Accounts Production Advanced 2020 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
01587837
2020-04-01
2021-03-31
01587837
2021-03-31
01587837
2020-03-31
01587837
2020-03-31
01587837
core:PlantMachinery
2020-04-01
2021-03-31
01587837
core:FurnitureFittings
2020-04-01
2021-03-31
01587837
bus:OrdinaryShareClass1
2020-04-01
2021-03-31
01587837
bus:OrdinaryShareClass2
2020-04-01
2021-03-31
01587837
bus:OrdinaryShareClass3
2020-04-01
2021-03-31
01587837
bus:LeadAgentIfApplicable
2020-04-01
2021-03-31
01587837
bus:Director1
2020-04-01
2021-03-31
01587837
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2020-03-31
01587837
core:FurnitureFittings
2020-03-31
01587837
core:PlantMachinery
2021-03-31
01587837
core:FurnitureFittings
2021-03-31
01587837
core:WithinOneYear
2021-03-31
01587837
core:WithinOneYear
2020-03-31
01587837
core:ShareCapital
2021-03-31
01587837
core:ShareCapital
2020-03-31
01587837
core:CapitalRedemptionReserve
2021-03-31
01587837
core:CapitalRedemptionReserve
2020-03-31
01587837
core:RetainedEarningsAccumulatedLosses
2021-03-31
01587837
core:RetainedEarningsAccumulatedLosses
2020-03-31
01587837
core:PlantMachinery
2020-03-31
01587837
core:FurnitureFittings
2020-03-31
01587837
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2020-04-01
2021-03-31
01587837
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2020-04-01
2021-03-31
01587837
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2020-04-01
2021-03-31
01587837
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2020-04-01
2021-03-31
01587837
bus:PrivateLimitedCompanyLtd
2020-04-01
2021-03-31
01587837
bus:OrdinaryShareClass1
2021-03-31
01587837
bus:OrdinaryShareClass1
2020-03-31
01587837
bus:OrdinaryShareClass2
2021-03-31
01587837
bus:OrdinaryShareClass2
2020-03-31
01587837
bus:OrdinaryShareClass3
2021-03-31
01587837
bus:OrdinaryShareClass3
2020-03-31
01587837
bus:AllOrdinaryShares
2021-03-31
01587837
bus:AllOrdinaryShares
2020-03-31
01587837
core:CapitalReserve
2020-04-01
2021-03-31
01587837
bus:Director1
2021-03-31
01587837
core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl
2020-04-01
2021-03-31
COMPANY REGISTRATION NUMBER:
01587837
Filleted Unaudited Financial Statements
|
|
Year ended 31 March 2021
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Leadside Limited
|
|
Year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leadside Limited for the year ended 31 March 2021, which comprise the statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
BROOKS & CO.
Chartered Accountants
9 Cheam Road
Ewell
Epsom
Surrey
KT17 1SP
20 December 2021
Statement of Financial Position
|
|
31 March 2021
Fixed assets
Tangible assets
|
5
|
2,609
|
263,316
|
|
|
|
|
Current assets
Debtors
|
6
|
915,669
|
795,000
|
Cash at bank and in hand
|
59,486
|
68,093
|
|
---------
|
---------
|
|
975,155
|
863,093
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
12,149
|
231,332
|
|
---------
|
---------
|
Net current assets
|
963,006
|
631,761
|
|
---------
|
---------
|
Total assets less current liabilities
|
965,615
|
895,077
|
|
|
|
|
Provisions
Taxation including deferred tax
|
–
|
60,895
|
|
---------
|
---------
|
Net assets
|
965,615
|
834,182
|
|
---------
|
---------
|
|
|
|
Capital and reserves
Called up share capital
|
8
|
5,271
|
5,271
|
Capital redemption reserve
|
9
|
4,929
|
4,929
|
Profit and loss account
|
9
|
955,415
|
823,982
|
|
---------
|
---------
|
Shareholders funds
|
965,615
|
834,182
|
|
---------
|
---------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued)
|
|
31 March 2021
These financial statements were approved by the
board of directors
and authorised for issue on
20 December 2021
, and are signed on behalf of the board by:
Company registration number:
01587837
Notes to the Financial Statements
|
|
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Cheam Road, Ewell, Epsom, Surrey, KT17 1SP, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant & machinery
|
-
|
25% reducing balance
|
|
Fixtures & fittings
|
-
|
15% reducing balance
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2020: Nil).
5.
Tangible assets
|
Plant and machinery
|
Fixtures and fittings
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 April 2020 and 31 March 2021
|
129,510
|
20,277
|
149,787
|
|
---------
|
--------
|
---------
|
Depreciation
|
|
|
|
At 1 April 2020
|
127,419
|
19,052
|
146,471
|
Charge for the year
|
523
|
184
|
707
|
|
---------
|
--------
|
---------
|
At 31 March 2021
|
127,942
|
19,236
|
147,178
|
|
---------
|
--------
|
---------
|
Carrying amount
|
|
|
|
At 31 March 2021
|
1,568
|
1,041
|
2,609
|
|
---------
|
--------
|
---------
|
At 31 March 2020
|
2,091
|
1,225
|
3,316
|
|
---------
|
--------
|
---------
|
|
|
|
|
The freehold investment properties were revalued at 31st March 2013. The directors are of the opinion that these values are still appropriate as at 31st March 2020.
6.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Trade debtors
|
915,669
|
795,000
|
|
---------
|
---------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Corporation tax
|
10,229
|
79,024
|
Other creditors
|
1,920
|
152,308
|
|
--------
|
---------
|
|
12,149
|
231,332
|
|
--------
|
---------
|
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2021
|
2020
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
5,071
|
5,071
|
5,071
|
5,071
|
Ordinary 'A' shares of £ 1 each
|
100
|
100
|
100
|
100
|
Ordinary 'B' shares of £ 1 each
|
100
|
100
|
100
|
100
|
|
-------
|
-------
|
-------
|
-------
|
|
5,271
|
5,271
|
5,271
|
5,271
|
|
-------
|
-------
|
-------
|
-------
|
|
|
|
|
|
9.
Reserves
The Profit and Loss account reserve totalling £823,982 as at 31st March 2020 includes non-distributable reserves of £132,010.
10.
Directors' advances, credits and guarantees
The amount owed to the director by the company was £
43,922
(2019: £28,256 - Owed by director).
11.
Related party transactions
The company was under the control of
M Gleeson
and members of his close family. The amount outstanding at the year end in respect of Leadside Groundworks Limited (related party) was £Nil (2019 - £197,161).