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REGISTERED NUMBER: 06015324 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

J C Lees Limited

J C Lees Limited (Registered number: 06015324)

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


J C Lees Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M M Lees
J E Lees





SECRETARY: M M Lees





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 06015324 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

J C Lees Limited (Registered number: 06015324)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,097 4,131
Tangible assets 5 596,437 619,312
599,534 623,443

CURRENT ASSETS
Stocks 52,305 61,891
Debtors 6 109,612 130,396
Cash at bank and in hand 999,272 748,430
1,161,189 940,717
CREDITORS
Amounts falling due within one year 7 224,437 276,807
NET CURRENT ASSETS 936,752 663,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,536,286

1,287,353

PROVISIONS FOR LIABILITIES 8 104,641 108,758
NET ASSETS 1,431,645 1,178,595

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 1,431,345 1,178,295
SHAREHOLDERS' FUNDS 1,431,645 1,178,595

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.

J C Lees Limited (Registered number: 06015324)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




J E Lees - Director



M M Lees - Director


J C Lees Limited (Registered number: 06015324)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

J C Lees 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. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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.

BPS entitlement is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenant's improvements - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


J C Lees Limited (Registered number: 06015324)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
BPS
Goodwill entitlement Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 23,057 839 23,896
AMORTISATION
At 1 April 2022 18,926 839 19,765
Amortisation for year 1,034 - 1,034
At 31 March 2023 19,960 839 20,799
NET BOOK VALUE
At 31 March 2023 3,097 - 3,097
At 31 March 2022 4,131 - 4,131

J C Lees Limited (Registered number: 06015324)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Freehold Tenant's Plant and
property improvements machinery
£    £    £   
COST
At 1 April 2022 23,083 30,199 902,893
Additions - - 123,831
Disposals - - (100,690 )
At 31 March 2023 23,083 30,199 926,034
DEPRECIATION
At 1 April 2022 - 6,378 364,860
Charge for year - 1,208 77,693
Eliminated on disposal - - (34,589 )
At 31 March 2023 - 7,586 407,964
NET BOOK VALUE
At 31 March 2023 23,083 22,613 518,070
At 31 March 2022 23,083 23,821 538,033

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 3,319 67,400 2,907 1,029,801
Additions 4,965 - 907 129,703
Disposals - (6,500 ) (1,037 ) (108,227 )
At 31 March 2023 8,284 60,900 2,777 1,051,277
DEPRECIATION
At 1 April 2022 1,380 36,032 1,839 410,489
Charge for year 412 5,244 1,053 85,610
Eliminated on disposal - (5,633 ) (1,037 ) (41,259 )
At 31 March 2023 1,792 35,643 1,855 454,840
NET BOOK VALUE
At 31 March 2023 6,492 25,257 922 596,437
At 31 March 2022 1,939 31,368 1,068 619,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 96,468 119,655
Other debtors 699 -
Prepayments 12,445 10,741
109,612 130,396

J C Lees Limited (Registered number: 06015324)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 22,514 160,709
Tax 73,424 20,734
Social security and other taxes 1,604 770
VAT 18,968 3,162
Directors' current accounts 103,455 87,182
Accrued expenses 4,472 4,250
224,437 276,807

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 104,641 108,758

Deferred
tax
£   
Balance at 1 April 2022 108,758
Utilised during year (4,117 )
Balance at 31 March 2023 104,641

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
151 A Ordinary £1 151 151
134 B Ordinary £1 134 134
15 C Ordinary £1 15 15
300 300