14098484falsemaintenance and repair of motor vehicles2022-05-102023-05-31http://www.companieshouse.gov.uk/2022-05-09http://www.companieshouse.gov.uk/cd:Director12022-05-102023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-05-102023-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-05-102023-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-05-102023-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2022-05-102023-05-31http://www.companieshouse.gov.uk/cd:FRS1022022-05-102023-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-05-102023-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-05-102023-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 14098484

AJ Lee Classics Limited

ACCOUNTS
FOR THE 387 DAY PERIOD ENDED 31/05/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

AJ Lee Classics Limited

ACCOUNTS
FOR THE 387 DAY PERIOD ENDED 31/05/2023
DIRECTORS
Andrew Lee
REGISTERED OFFICE
Becthton Hall Farm
Love Lane
Sandbach
Cheshire
CW11 2TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14098484
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

AJ Lee Classics Limited

ACCOUNTS
FOR THE387 DAY PERIODENDED31/05/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

AJ Lee Classics Limited

BALANCE SHEET AT 31/05/2023
2023
Notes£
FIXED ASSETS
Tangible assets3456
CURRENT ASSETS
Stock4,321
Debtors59,202
Cash at bank and in hand3,198
16,721
CREDITORS: Amounts falling due within one year610,222
NET CURRENT ASSETS6,499
TOTAL ASSETS LESS CURRENT LIABILITIES6,955
CAPITAL AND RESERVES
Called up share capital7100
Profit and loss account6,855
SHAREHOLDERS' FUNDS6,955
For the year ending 31/05/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/11/2023 and signed on their behalf by
Andrew Lee
Director

AJ Lee Classics Limited

NOTES TO THE ACCOUNTS
FOR THE 387 DAY PERIOD ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 33.33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
2023
No.No.
Average number of employees3

AJ Lee Classics Limited

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions529529
At 31/05/2023529529
Depreciation
For the 387 day period7373
At 31/05/20237373
Net Book Amounts
At 31/05/2023456456
4. STOCK 2023
£
Stock comprises:
Work in progress4,321
4,321
5. DEBTORS 2023
£
Amounts falling due within one year
Trade debtors2,609
Prepayments4,285
Directors current account2,308
9,202
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
UK corporation tax2,499
VAT5,016
PAYE control727
Credit card294
Trade creditors363
Pension schemes156
Accruals1,167
10,222

AJ Lee Classics Limited

7. SHARE CAPITAL 2023
£
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100
100
New shares issued during period:
100 Class 1 shares of £1 each100
100