The Lead Brokerage Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09848302 (England and Wales)

THE LEAD BROKERAGE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 29 OCTOBER 2015 TO 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Hunt

Miss S L Webster

SECRETARY:

Mrs L F Webster

REGISTERED OFFICE:

361 Rayleigh Road

Eastwood

Leigh-on-Sea

Essex

SS9 5PS

REGISTERED NUMBER:

09848302 (England and Wales)

ACCOUNTANTS:

Hudson THP Limited

Chartered Accountants

361 Rayleigh Road

Eastwood

Leigh-on-Sea

Essex

SS9 5PS

FIXED ASSETS

Tangible assets

2

1,017

CURRENT ASSETS

Debtors

621

Cash at bank

417

1,038

CREDITORS

Amounts falling due within one year

18,409

NET CURRENT LIABILITIES

(17,371

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,354

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(16,454

)

SHAREHOLDERS' FUNDS

(16,354

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 July 2017 and were signed on its behalf by:

S Hunt - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company until such time as it's position improves. The

directors have agreed not to seek repayment of their loans until the company has sufficient funds to do so.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,356

At 31 October 2016

1,356

DEPRECIATION

Charge for period

339

At 31 October 2016

339

NET BOOK VALUE

At 31 October 2016

1,017

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.