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Registered number: 00473495
Leslie B. Holmes (Securities) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-On-Sea
Essex
SS0 9PA
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Leslie B. Holmes (Securities) Limited For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Leslie B. Holmes (Securities) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Leslie B. Holmes (Securities) Limited , as a body, in accordance with the terms of our engagement letter dated 06 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of Leslie B. Holmes (Securities) Limited and state those matters that we have agreed to state to the directors of Leslie B. Holmes (Securities) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leslie B. Holmes (Securities) Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Leslie B. Holmes (Securities) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Leslie B. Holmes (Securities) Limited . You consider that Leslie B. Holmes (Securities) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Leslie B. Holmes (Securities) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
1 May 2024
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-On-Sea
Essex
SS0 9PA
Page 1
Page 2
Balance Sheet
Registered number: 00473495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 82,922 2,323
82,922 2,323
CURRENT ASSETS
Debtors 7 54,691 53,877
Cash at bank and in hand 50,811 21,439
105,502 75,316
Creditors: Amounts Falling Due Within One Year 8 (48,994 ) (48,365 )
NET CURRENT ASSETS (LIABILITIES) 56,508 26,951
TOTAL ASSETS LESS CURRENT LIABILITIES 139,430 29,274
Creditors: Amounts Falling Due After More Than One Year 9 (33,375 ) -
NET ASSETS 106,055 29,274
CAPITAL AND RESERVES
Called up share capital 12 1,500 1,500
Profit and Loss Account 104,555 27,774
SHAREHOLDERS' FUNDS 106,055 29,274
Page 2
Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
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 Kevin Fell
Director
Mrs Kirsty Fell
Director
1 May 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Leslie B. Holmes (Securities) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00473495 . The registered office is 2nd Floor, 90-92 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 15% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 10)
11 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 97,927
As at 31 March 2024 97,927
Amortisation
As at 1 April 2023 97,927
As at 31 March 2024 97,927
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 19,054 - 19,054
Additions 10,734 74,250 84,984
Disposals (19,054 ) - (19,054 )
As at 31 March 2024 10,734 74,250 84,984
Depreciation
As at 1 April 2023 16,731 - 16,731
Provided during the period 2,062 - 2,062
Disposals (16,731 ) - (16,731 )
As at 31 March 2024 2,062 - 2,062
Net Book Value
As at 31 March 2024 8,672 74,250 82,922
As at 1 April 2023 2,323 - 2,323
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,780 48,587
Other debtors 3,911 5,290
54,691 53,877
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,375 -
Other creditors 7,500 40,033
Taxation and social security 8,119 8,332
48,994 48,365
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,375 -
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 66,750 -
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,375 -
Later than one year and not later than five years 33,375 -
66,750 -
66,750 -
Page 6
Page 7
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500 1,500
13. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Kevin Fell 35,200 - 35,200 - -
The above loan is unsecured, interest free and repayable on demand.
Page 7