Leverets Advocacy Limited Filleted accounts for Companies House (small and micro)

LEVERETS ADVOCACY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10923919

LEVERETS ADVOCACY LIMITED

FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED

31 August 2021

LEVERETS ADVOCACY LIMITED

ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

Contents	Page

Balance sheet	1

Notes to the abridged financial statements	3

LEVERETS ADVOCACY LIMITED

BALANCE SHEET

31 August 2021

	2021		2020
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		9,000		9,045

CURRENT ASSETS

Debtors		132,345	133,777
Investments	5	496,057	–
Cash at bank and in hand		83,252	187,386
		---------	---------
		711,654	321,163

CREDITORS: amounts falling due within one year	243,443		140,163
	---------		---------
NET CURRENT ASSETS		468,211		181,000
		---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES		477,211		190,045

CREDITORS: amounts falling due after more than one year		–		7,915

PROVISIONS	13,109	–
	---------	---------
NET ASSETS	464,102	182,130
	---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	464,101	182,129
	---------	---------
SHAREHOLDERS FUNDS	464,102	182,130
	---------	---------

These abridged 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 profit and loss account has not been delivered.

For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

LEVERETS ADVOCACY LIMITED

BALANCE SHEET (continued)

31 August 2021

All of the members have consented to the preparation of the abridged balance sheet for the year ending 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 24 March 2022 , and are signed on behalf of the board by:

R J Butler
Director

Company registration number: 10923919

LEVERETS ADVOCACY LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 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 32 Chapel Street, Chapel Street, East Malling, West Malling, United Kingdom, ME19 6AP.

2. Statement of compliance

These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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:

Fixtures and fittings	-	15% reducing balance
Equipment	-	33% straight line

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. Tangible assets

	£
Cost
At 1 September 2020	14,214
Additions	6,038
	--------
At 31 August 2021	20,252
	--------
Depreciation
At 1 September 2020	5,169
Charge for the year	6,083
	--------
At 31 August 2021	11,252
	--------
Carrying amount
At 31 August 2021	9,000
	--------
At 31 August 2020	9,045
	--------

5. Investments

	2021	2020
	£	£
Valuation of investments held	496,057	–
	---------	----

6. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2020 - Nil).