LEE HOSKEN LIMITED

Company Registration Number:
09423288 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

LEE HOSKEN LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

LEE HOSKEN LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 43,211 49,099
Total fixed assets: 43,211 49,099
Current assets
Debtors: 4 440 480
Cash at bank and in hand: 32,216 63,461
Total current assets: 32,656 63,941
Creditors: amounts falling due within one year: 5 (18,608) (27,319)
Net current assets (liabilities): 14,048 36,622
Total assets less current liabilities: 57,259 85,721
Creditors: amounts falling due after more than one year: 6 (34,319) (39,201)
Total net assets (liabilities): 22,940 46,520
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 22,939 46,519
Shareholders funds: 22,940 46,520

The notes form part of these financial statements

LEE HOSKEN LIMITED

Balance sheet statements

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 November 2023
and signed on behalf of the board by:

Name: L Hosken
Status: Director

The notes form part of these financial statements

LEE HOSKEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for re-valued land investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measure at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Motor Tangible fixed assets are measure at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Motor Vehicles 18% Reducing balance basis. Plant & Equipment 20% Straight Line basis.

Other accounting policies

TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for re-valued land investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

LEE HOSKEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

LEE HOSKEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 80,989
Additions 3,834
At 28 February 2023 84,823
Depreciation
At 01 March 2022 31,890
Charge for year 9,722
At 28 February 2023 41,612
Net book value
At 28 February 2023 43,211
At 28 February 2022 49,099

LEE HOSKEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

Prepayments £440.

LEE HOSKEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

Trade Creditors nil Directors Loan Account £340 Other taxes and social security costs £10375 H.P. Creditors £6641 Accruals £1252 Totals £18608.

LEE HOSKEN LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due after more than one year note

H.P. Creditors £34319.