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Registered number: 2730494
Lees Electric Limited
Financial Statements
For The Year Ended 31 August 2023
Goldstar Accountants Ltd
Chartered Certified Accountants & Registered Auditors
63 London Street
Reading
RG1 4PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 2730494
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 3,152 4,192
Debtors 5 1,465,336 1,465,282
Cash at bank and in hand 506,659 508,987
1,975,147 1,978,461
Creditors: Amounts Falling Due Within One Year 6 (31,738 ) (32,589 )
NET CURRENT ASSETS (LIABILITIES) 1,943,409 1,945,872
TOTAL ASSETS LESS CURRENT LIABILITIES 1,943,409 1,945,872
NET ASSETS 1,943,409 1,945,872
CAPITAL AND RESERVES
Called up share capital 7 150 150
Profit and Loss Account 1,943,259 1,945,722
SHAREHOLDERS' FUNDS 1,943,409 1,945,872
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S ANWAR
Director
15/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lees Electric Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2730494 . The registered office is Ibex House, 85 Southampton Street, Reading, RG1 2QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Final
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 3 3
3 3
4. Stocks
2023 2022
£ £
Materials 3,152 4,192
5. Debtors
2023 2022
£ £
Due within one year
VAT 54 -
Due after more than one year
Amounts owed by group undertakings 1,465,282 1,465,282
1,465,336 1,465,282
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 316 166
Other creditors 28,604 28,604
Accruals and deferred income 1,275 1,275
Director's loan account 1,543 2,544
31,738 32,589
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 150 150
Page 4