LESLIE EASTON & CO. LIMITED

Company Registration Number:
02140570 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

LESLIE EASTON & CO. LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

LESLIE EASTON & CO. LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 30,490 40,620
Total fixed assets: 30,490 40,620
Current assets
Stocks: 31,415 37,841
Debtors:   42,439 71,745
Cash at bank and in hand: 3,992 21,758
Total current assets: 77,846 131,344
Creditors: amounts falling due within one year: 4 (64,759) (71,836)
Net current assets (liabilities): 13,087 59,508
Total assets less current liabilities: 43,577 100,128
Creditors: amounts falling due after more than one year: 5 (19,908) (29,923)
Provision for liabilities: 0 (7,670)
Total net assets (liabilities): 23,669 62,535
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 22,669 61,535
Shareholders funds: 23,669 62,535

The notes form part of these financial statements

LESLIE EASTON & CO. LIMITED

Balance sheet statements

For the year ending 30 June 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 28 March 2024
and signed on behalf of the board by:

Name: L R EASTON
Status: Director

The notes form part of these financial statements

LESLIE EASTON & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 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

Turnover is the total amount receivable by the Company in the ordinary course of business for goods supplied and services provided as a principal in the United Kingdom. Contract turnover includes the value of work completed during the financial year after reference to the total sales value and stage completion of the project.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Motor Vehicles - 25% reducing balance basisPlant and Equipment - 25% reducing balance basisNo depreciation is provided on Freehold Land.

Valuation and information policy

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on estimated selling price less any further costs of realisation. Work in progress is valued at the lower of cost and net realisable value. Cost consists of direct materials, plant, labour and other direct expenses. Net realisable value is based on estimated sales value less any further costs of realisation. For any contracts where receipts exceed the book value of work in progress, the excess is included in creditors as payments on account.

Other accounting policies

Going Concern:The Accounts have been prepared on the assumption that the Company is able to carry on business as a going concern which the Directors consider appropriate, having taken steps to reduce costs to align with the anticipated level of turnover in the next 12 months.Leases:Operating lease rentals are charged to the Profit and Loss Account when they are incurred.Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's Accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.Pension Costs:Contributions in respect of the Company's defined contribution schemes are charged to the profit and loss account for the year in which they are payable to the scheme.Loans:Loans and other financing arrangements are initially recognised at the transaction price including any associated costs. Interest is charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

LESLIE EASTON & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 7 9

LESLIE EASTON & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 176,571
At 30 June 2023 176,571
Depreciation
At 01 July 2022 135,951
Charge for year 10,130
At 30 June 2023 146,081
Net book value
At 30 June 2023 30,490
At 30 June 2022 40,620

LESLIE EASTON & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

There are no secured creditors.

LESLIE EASTON & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

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

There are no secured creditors.

LESLIE EASTON & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Financial commitments

The Company has minimum lease payments under non cancellable operating leases as follows:-Within 1 year : £1,539 ( 2022: £6,155 )Later than 1 year and not later than 5 years : £Nil (2022:£1,539)