Leadbyte Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07361033 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

Leadbyte Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A R Burgin

J K Solomans

REGISTERED OFFICE:

Red Hill House Office 22

41 Hope Street

Chester

CH4 8BU

REGISTERED NUMBER:

07361033 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Property, plant and equipment

4

2,268

205

CURRENT ASSETS

Debtors

5

48,009

84,069

Cash at bank

944,713

736,844

992,722

820,913

CREDITORS

Amounts falling due within one year

6

107,385

162,393

NET CURRENT ASSETS

885,337

658,520

TOTAL ASSETS LESS CURRENT LIABILITIES

887,605

658,725

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

877,605

648,725

SHAREHOLDERS' FUNDS

887,605

658,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2021 and were signed on its behalf by:

A R Burgin - Director

1.	STATUTORY INFORMATION

Leadbyte 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

Revenue 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.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year is comprised of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 11 (2019 - 14 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 September 2019

366

Additions

2,818

At 31 August 2020

3,184

DEPRECIATION

At 1 September 2019

161

Charge for year

755

At 31 August 2020

916

NET BOOK VALUE

At 31 August 2020

2,268

At 31 August 2019

205

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

46,292

84,069

Other debtors

1,717

-

48,009

84,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade creditors

2,944

-

Taxation and social security

102,547

159,285

Other creditors

1,894

3,108

107,385

162,393

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

£

100

Ordinary

£100.00

10,000

10,000