IRIS Accounts Production v23.3.0.418 04715326 Board of Directors Board of Directors Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047153262022-03-31047153262023-03-31047153262022-04-012023-03-31047153262021-03-31047153262021-04-012022-03-31047153262022-03-3104715326ns10:Originalns15:EnglandWales2022-04-012023-03-3104715326ns14:PoundSterlingns10:Original2022-04-012023-03-3104715326ns10:Originalns10:Director12022-04-012023-03-3104715326ns10:Original2022-04-012023-03-3104715326ns10:Originalns10:Director22022-04-012023-03-3104715326ns10:Originalns10:Director32022-04-012023-03-3104715326ns10:Originalns10:Director42022-04-012023-03-3104715326ns10:Original2023-03-3104715326ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104715326ns10:Originalns10:SmallEntities2022-04-012023-03-3104715326ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104715326ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104715326ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104715326ns10:Originalns10:FullAccounts2022-04-012023-03-3104715326ns10:Original12022-04-012023-03-3104715326ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104715326ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3104715326ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3104715326ns10:Originalns10:OrdinaryShareClass42022-04-012023-03-3104715326ns10:Originalns10:OrdinaryShareClass52022-04-012023-03-3104715326ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104715326ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104715326ns10:Original2022-03-3104715326ns10:Originalns5:CurrentFinancialInstruments2023-03-3104715326ns10:Originalns5:CurrentFinancialInstruments2022-03-3104715326ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104715326ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104715326ns5:ShareCapitalns10:Original2023-03-3104715326ns5:ShareCapitalns10:Original2022-03-3104715326ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104715326ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104715326ns10:Originalns5:NetGoodwill2022-04-012023-03-3104715326ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3104715326ns10:Original2021-04-012022-03-3104715326ns10:Originalns5:NetGoodwill2022-03-3104715326ns10:Originalns5:NetGoodwill2023-03-3104715326ns10:Originalns5:NetGoodwill2022-03-3104715326ns10:Originalns5:PlantMachinery2022-03-3104715326ns10:Originalns5:PlantMachinery2022-04-012023-03-3104715326ns10:Originalns5:PlantMachinery2023-03-3104715326ns10:Originalns5:PlantMachinery2022-03-3104715326ns10:Originalns5:CostValuation2022-03-3104715326ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104715326ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104715326ns5:Securedns10:Original2023-03-3104715326ns5:Securedns10:Original2022-03-3104715326ns10:Originalns10:OrdinaryShareClass12023-03-3104715326ns10:Originalns10:OrdinaryShareClass22023-03-3104715326ns10:OrdinaryShareClass3ns10:Original2023-03-3104715326ns10:Originalns10:OrdinaryShareClass42023-03-3104715326ns10:Originalns10:OrdinaryShareClass52023-03-31
REGISTERED NUMBER: 04715326 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CG LEE LTD
T/A
LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CG LEE LTD
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr I R Clayton
Mr G D Lyon
Mr J L Hyde
Mr C G Bidgood





SECRETARY: Mr I R Clayton





REGISTERED OFFICE: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 04715326 (England and Wales)

CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 31,556
Tangible assets 5 60,934 51,478
Investments 6 511 511
61,445 83,545

CURRENT ASSETS
Debtors 7 1,504,635 1,318,918
Cash at bank and in hand 662,216 685,566
2,166,851 2,004,484
CREDITORS
Amounts falling due within one year 8 561,928 512,877
NET CURRENT ASSETS 1,604,923 1,491,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,368

1,575,152

CREDITORS
Amounts falling due after more than one year 9 - (146,667 )

PROVISIONS FOR LIABILITIES (11,205 ) (9,326 )
NET ASSETS 1,655,163 1,419,159

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings 1,654,963 1,418,959
SHAREHOLDERS' FUNDS 1,655,163 1,419,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2023 and were signed on its behalf by:




Mr C G Bidgood - Director Mr J L Hyde - Director




Mr G D Lyon - Director Mr I R Clayton - Director


CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

CG LEE LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest GB Pound (£).

Turnover
Turnover represents the fair value of services provided during the year on client assignments. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on the time spent, skills and expertise provided and expenses incurred. Turnover excludes Value Added Tax.

Turnover in respect of contingent fee assignments (over and above any agreed minimum fee which is recognised as above) is recognised in the period when the contingent event occurs and collectability of the fee is assured.

Unbilled turnover on individual client assignments is included as accrued income within debtors. Where individual bills on account exceed revenue recognised on client assignments, the excess is classified as deferred income within creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses, is being amortised evenly over the estimated useful life of 2½ to 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on reducing balance

Government grants
Government grants are recognised when there is reasonable assurance that the grant conditions will be met and the grant will be received. These grants are recognised within other operating income on a systematic basis over the periods in which the related costs towards which they are intended to compensate are recognised as expenses. Grants received in relation to the Coronavirus Job Retention Scheme are accounted for on the accruals basis once the related payroll return has been submitted.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over the estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 799,253
AMORTISATION
At 1 April 2022 767,697
Charge for year 31,556
At 31 March 2023 799,253
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 31,556

CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 140,384
Additions 27,509
At 31 March 2023 167,893
DEPRECIATION
At 1 April 2022 88,906
Charge for year 18,053
At 31 March 2023 106,959
NET BOOK VALUE
At 31 March 2023 60,934
At 31 March 2022 51,478

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 511
NET BOOK VALUE
At 31 March 2023 511
At 31 March 2022 511

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 997,281 895,505
Other debtors 507,354 423,413
1,504,635 1,318,918

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 40,000
Trade creditors 10,187 24,411
Taxation and social security 455,522 370,010
Other creditors 96,219 78,456
561,928 512,877

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 146,667

CG LEE LTD (REGISTERED NUMBER: 04715326)
T/A LEES
CHARTERED CERTIFIED ACCOUNTANTS
REGISTERED AUDITORS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. LEASING AGREEMENTS
At the balance sheet date, the company had land and property operating lease payments committed to be paid within one year of £60,000. The total commitment, under such non-cancellable operating leases, over the remaining life of those agreements was £120,000.


11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 186,667

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
70 Ordinary A £1 70 70
70 Ordinary B £1 70 70
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
10 Ordinary E £1 10 10
10 Ordinary F £1 10 10
10 Ordinary G £1 10 10
10 Ordinary H £1 10 10
200 200