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REGISTERED NUMBER: 09569030 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lees Brook Limited

Lees Brook Limited (Registered number: 09569030)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lees Brook Limited (Registered number: 09569030)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330,661 391,376
Investments 5 1,798 1,798
332,459 393,174

CURRENT ASSETS
Debtors 6 116,969 277,138
Cash at bank 180,340 307,933
297,309 585,071
CREDITORS
Amounts falling due within one year 7 147,100 430,716
NET CURRENT ASSETS 150,209 154,355
TOTAL ASSETS LESS CURRENT LIABILITIES 482,668 547,529

CREDITORS
Amounts falling due after more than one year 8 7,600 53,200
NET ASSETS 475,068 494,329

CAPITAL AND RESERVES
Called up share capital 10 1,296 1,296
Capital redemption reserve 502 502
Retained earnings 473,270 492,531
SHAREHOLDERS' FUNDS 475,068 494,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:



Mrs S L Hannington - Director


Lees Brook Limited (Registered number: 09569030)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lees Brook Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09569030

Registered office: Acorn Street
Lees
Oldham
Lancashire
OL4 3DE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax and is recognised in the period to which it relates.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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 that have been enacted or substantively enacted by the balance sheet date.

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.

Lees Brook Limited (Registered number: 09569030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 their estimated useful lives or the lease term, whichever is the shorter.

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 1,510,417 15,262 20,995 14,972 1,561,646
DEPRECIATION
At 1 December 2022 1,139,009 13,739 2,770 14,752 1,170,270
Charge for year 55,711 228 4,556 220 60,715
At 30 November 2023 1,194,720 13,967 7,326 14,972 1,230,985
NET BOOK VALUE
At 30 November 2023 315,697 1,295 13,669 - 330,661
At 30 November 2022 371,408 1,523 18,225 220 391,376

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 240,000
DEPRECIATION
At 1 December 2022 88,275
Charge for year 22,759
At 30 November 2023 111,034
NET BOOK VALUE
At 30 November 2023 128,966
At 30 November 2022 151,725

Lees Brook Limited (Registered number: 09569030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 1,798
NET BOOK VALUE
At 30 November 2023 1,798
At 30 November 2022 1,798

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 103,504 277,138
Other debtors 13,465 -
116,969 277,138

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 45,600 45,600
Taxation and social security 70,415 74,612
Other creditors 31,085 310,504
147,100 430,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,600 53,200

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 53,200 98,800

Hire purchase liabilities are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,296 Ordinary £1 1,296 1,296

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its wholly owned subsidiary.

Lees Brook Limited (Registered number: 09569030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

12. ULTIMATE CONTROLLING PARTY

No one person has overall control of Lees Brook Limited.