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J LEE & CO (SOUTHEND) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






J LEE & CO (SOUTHEND) LIMITED (REGISTERED NUMBER: 00590719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

J LEE & CO (SOUTHEND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: A B Levy





SECRETARY: Mrs L A Levy





REGISTERED OFFICE: Charter House
103-105 Leigh Road
Leigh on Sea
Essex
SS9 1JL





REGISTERED NUMBER: 00590719 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

J LEE & CO (SOUTHEND) LIMITED (REGISTERED NUMBER: 00590719)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,547 2,315

CURRENT ASSETS
Stocks 246,836 244,982
Debtors 5 39,178 17,476
Cash at bank and in hand 60,776 65,145
346,790 327,603
CREDITORS
Amounts falling due within one year 6 110,496 111,836
NET CURRENT ASSETS 236,294 215,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,841

218,082

CREDITORS
Amounts falling due after more than
one year

7

(196,948

)

(176,183

)

PROVISIONS FOR LIABILITIES (117 ) (225 )
NET ASSETS 40,776 41,674

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,676 41,574
SHAREHOLDERS' FUNDS 40,776 41,674

J LEE & CO (SOUTHEND) LIMITED (REGISTERED NUMBER: 00590719)

BALANCE SHEET - continued
31ST MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st March 2024 and were signed by:





A B Levy - Director


J LEE & CO (SOUTHEND) LIMITED (REGISTERED NUMBER: 00590719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

J Lee & Co (Southend) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

J LEE & CO (SOUTHEND) LIMITED (REGISTERED NUMBER: 00590719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 30,798 14,613 45,411
Additions 117 538 655
At 31st March 2023 30,915 15,151 46,066
DEPRECIATION
At 1st April 2022 29,641 13,455 43,096
Charge for year 199 1,224 1,423
At 31st March 2023 29,840 14,679 44,519
NET BOOK VALUE
At 31st March 2023 1,075 472 1,547
At 31st March 2022 1,157 1,158 2,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 38,298 16,103
Other debtors 880 1,373
39,178 17,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 57,852 59,308
Taxation and social security 482 222
Other creditors 52,162 52,306
110,496 111,836

J LEE & CO (SOUTHEND) LIMITED (REGISTERED NUMBER: 00590719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Other creditors 196,948 176,183

8. ULTIMATE CONTROLLING PARTY

The controlling party is A B Levy.

J LEE & CO (SOUTHEND) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
J LEE & CO (SOUTHEND) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


Date: .............................................