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Registration number: 10739210

Leks Group LTD

Annual Report and Unaudited Financial Statements

for the Period from 25 April 2017 to 30 April 2018

Clever Accounts Limited
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Leks Group LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Leks Group LTD

Company Information

Director

Mr Sergejs Glanenko

Registered office

International House
24 Holborn Viaduct
London
EC1A 2BN

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Leks Group LTD

(Registration number: 10739210)
Balance Sheet as at 30 April 2018

Note

2018
£

Current assets

 

Debtors

3

45,494

Cash at bank and in hand

 

351

 

45,845

Creditors: Amounts falling due within one year

4

(115,647)

Net liabilities

 

(69,802)

Capital and reserves

 

Called up share capital

5

1

Profit and loss account

(69,803)

Total equity

 

(69,802)

For the financial period ending 30 April 2018 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 26 September 2018
 

.........................................

Mr Sergejs Glanenko
Director

 

Leks Group LTD

Notes to the Financial Statements for the Period from 25 April 2017 to 30 April 2018

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
International House
24 Holborn Viaduct
London
EC1A 2BN

These financial statements were authorised for issue by the director on 26 September 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Leks Group LTD

Notes to the Financial Statements for the Period from 25 April 2017 to 30 April 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

2018
£

Other debtors

45,494

45,494

 

Leks Group LTD

Notes to the Financial Statements for the Period from 25 April 2017 to 30 April 2018

4

Creditors

Creditors: amounts falling due within one year

Note

2018
£

Due within one year

 

Bank loans and overdrafts

6

390

Trade creditors

 

114,646

Other creditors

 

611

 

115,647

5

Share capital

Allotted, called up and fully paid shares

 

2018

 

No.

£

ordinary of £ 1 each

1

1

     

6

Loans and borrowings

2018
£

Current loans and borrowings

Bank overdrafts

390