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 2022

LEVERETS ADVOCACY LIMITED

ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

Contents	Page

Balance sheet	1

Notes to the abridged financial statements	3

LEVERETS ADVOCACY LIMITED

BALANCE SHEET

31 August 2022

	2022		2021
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		37,184		9,000

CURRENT ASSETS

Debtors		765,351	132,345
Investments	5	346,169	496,057
Cash at bank and in hand		348,735	83,252
		------------	---------
		1,460,255	711,654

CREDITORS: amounts falling due within one year	618,498		243,443
	------------		---------
NET CURRENT ASSETS		841,757		468,211
		---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES		878,941		477,211

CREDITORS: amounts falling due after more than one year		10,719		–

PROVISIONS	10,029	13,109
	---------	---------
NET ASSETS	858,193	464,102
	---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	858,192	464,101
	---------	---------
SHAREHOLDERS FUNDS	858,193	464,102
	---------	---------

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 2022 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 2022

All of the members have consented to the preparation of the abridged balance sheet for the year ending 31 August 2022 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 15 May 2023 , 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 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44a High Street, Sevenoaks, England, TN13 1JG.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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
Motor vehicles	-	25% 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 2021	20,252
Additions	46,586
	--------
At 31 August 2022	66,838
	--------
Depreciation
At 1 September 2021	11,252
Charge for the year	18,402
	--------
At 31 August 2022	29,654
	--------
Carrying amount
At 31 August 2022	37,184
	--------
At 31 August 2021	9,000
	--------

5. Investments

	2022	2021
	£	£
Valuation of investments held	346,169	496,057
	---------	---------

6. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2022	2021
	£	£
Not later than 1 year	32,400	–
Later than 1 year and not later than 5 years	57,800	–
	--------	----
	90,200	–
	--------	----

7. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2021 - Nil).