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REGISTERED NUMBER: 08183899 (England and Wales)















Lees & Waters Limited

Unaudited Financial Statements for the Year Ended 28 February 2023






Lees & Waters Limited (Registered number: 08183899)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Lees & Waters Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A W J Lee
W J Waters



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 08183899 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: HSBC Bank plc
23 Fore Street
Bridgwater
Somerset
TA6 3LE

Lees & Waters Limited (Registered number: 08183899)

Abridged Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,961 2,714

CURRENT ASSETS
Debtors 87,860 56,419
Cash at bank - 16,924
87,860 73,343
CREDITORS
Amounts falling due within one year 90,531 59,128
NET CURRENT (LIABILITIES)/ASSETS (2,671 ) 14,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,290

16,929

CREDITORS
Amounts falling due after more than one year (10,453 ) (14,933 )

PROVISIONS FOR LIABILITIES (1,513 ) (516 )
NET (LIABILITIES)/ASSETS (6,676 ) 1,480

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (6,680 ) 1,476
SHAREHOLDERS' FUNDS (6,676 ) 1,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Lees & Waters Limited (Registered number: 08183899)

Abridged Statement of Financial Position - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





W J Waters - Director


Lees & Waters Limited (Registered number: 08183899)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Lees & Waters Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, assuming a going concern basis, that is dependant on the continued support of the company's creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

Taxation
Taxation for the Member ToLowernot found in class NullReturn. comprises current and deferred tax. Tax is recognised in the NullReturn, 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 NullReturn date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the NullReturn 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 Member ToLowernot found in class NullReturn. 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.

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

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.

Lees & Waters Limited (Registered number: 08183899)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 9,429
Additions 8,082
At 28 February 2023 17,511
DEPRECIATION
At 1 March 2022 6,715
Charge for year 2,835
At 28 February 2023 9,550
NET BOOK VALUE
At 28 February 2023 7,961
At 28 February 2022 2,714

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Between one and five years 13,577 -

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
A W J Lee
Balance outstanding at start of year 7,911 -
Amounts advanced - 7,911
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,911 7,911

Lees & Waters Limited (Registered number: 08183899)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

W J Waters
Balance outstanding at start of year 30,666 30,666
Amounts advanced 31,441 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,107 30,666

8. ULTIMATE CONTROLLING PARTY

The controlling party is A Lee and W Waters.

The company was controlled throughout the current period by the above directors by virtue of the fact that they each have beneficial interests in half of the issued share capital