I-Led Enterprise Limited

I-Led Enterprise Limited

I-LED ENTERPRISE LIMITED - Company Information

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1 October 2019 false No description of principal activity Taxfiler 2021.5 SC407539business:PrivateLimitedCompanyLtd2019-10-012020-09-30 SC4075392019-09-30 SC4075392019-10-012020-09-30 SC407539business:AuditExemptWithAccountantsReport2019-10-012020-09-30 SC407539business:FullAccounts2019-10-012020-09-30 SC4075392020-09-30 SC407539business:Director12019-10-012020-09-30 SC407539business:Director22019-10-012020-09-30 SC407539business:RegisteredOffice2019-10-012020-09-30 SC4075392019-09-30 SC407539core:WithinOneYear2020-09-30 SC407539core:WithinOneYear2019-09-30 SC407539core:AfterOneYear2020-09-30 SC407539core:AfterOneYear2019-09-30 SC407539core:ShareCapital2020-09-30 SC407539core:ShareCapital2019-09-30 SC407539core:RetainedEarningsAccumulatedLosses2020-09-30 SC407539core:RetainedEarningsAccumulatedLosses2019-09-30 SC407539business:SmallEntities2019-10-012020-09-30 SC407539countries:Scotland2019-10-012020-09-30 SC407539core:MotorVehicles2019-10-012020-09-30 SC407539core:FurnitureFittings2019-10-012020-09-30 SC407539core:LandBuildings2019-09-30 SC407539core:MotorVehicles2019-09-30 SC407539core:FurnitureFittings2019-09-30 SC407539core:LandBuildings2020-09-30 SC407539core:MotorVehicles2020-09-30 SC407539core:FurnitureFittings2020-09-30 SC407539core:LandBuildings2019-10-012020-09-30 SC407539business:OrdinaryShareClass12019-10-012020-09-30 SC407539business:OrdinaryShareClass12018-10-012019-09-30 SC4075392018-10-012019-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC407539 (Scotland)
I-Led Enterprise Limited Unaudited accounts for the year ended 30 September 2020
I-Led Enterprise Limited Unaudited accounts Contents
Page
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I-Led Enterprise Limited Company Information for the year ended 30 September 2020
Directors
Mr Donald Obinna Izuagba Mrs Lilyan Izuagba
Company Number
SC407539 (Scotland)
Registered Office
7 Flynn Gardens Stepps Glasgow G33 6NZ
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I-Led Enterprise Limited Statement of financial position as at 30 September 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
351,667 
354,224 
Current assets
Debtors
5
(2,708)
- 
Cash at bank and in hand
553 
436 
(2,155)
436 
Creditors: amounts falling due within one year
6
(65,746)
(76,351)
Net current liabilities
(67,901)
(75,915)
Total assets less current liabilities
283,766 
278,309 
Creditors: amounts falling due after more than one year
7
(267,198)
(250,201)
Net assets
16,568 
28,108 
Capital and reserves
Called up share capital
8
2 
2 
Profit and loss account
16,566 
28,106 
Shareholders' funds
16,568 
28,108 
For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 May 2021 and were signed on its behalf by
Mrs Lilyan Izuagba Director Company Registration No. SC407539
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I-Led Enterprise Limited Notes to the Accounts for the year ended 30 September 2020
1
Statutory information
I-Led Enterprise Limited is a private company, limited by shares, registered in Scotland, registration number SC407539. The registered office is 7 Flynn Gardens Stepps, Glasgow, G33 6NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
6%
Fixtures & fittings
18%
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2019
317,576 
39,020 
7,407 
364,003 
At 30 September 2020
317,576 
39,020 
7,407 
364,003 
Depreciation
At 1 October 2019
- 
5,356 
4,423 
9,779 
Charge for the year
- 
2,020 
537 
2,557 
At 30 September 2020
- 
7,376 
4,960 
12,336 
Net book value
At 30 September 2020
317,576 
31,644 
2,447 
351,667 
At 30 September 2019
317,576 
33,664 
2,984 
354,224 
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I-Led Enterprise Limited Notes to the Accounts for the year ended 30 September 2020
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Accrued income and prepayments
(2,558)
- 
Other debtors
(150)
- 
(2,708)
- 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,271 
- 
Loans from directors
64,075 
75,951 
Accruals
400 
400 
65,746 
76,351 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
246,800 
187,114 
Obligations under finance leases and hire purchase contracts
20,398 
23,436 
Other creditors
- 
2,558 
Accruals
- 
37,093 
267,198 
250,201 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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