LEACH LEWIS RUBBER TRACKS LIMITED

Company Registration Number:
08166220 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

LEACH LEWIS RUBBER TRACKS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

LEACH LEWIS RUBBER TRACKS LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 145,114 100,467
Total fixed assets: 145,114 100,467
Current assets
Stocks: 2,062,437 1,186,455
Debtors:   2,253,661 2,412,135
Cash at bank and in hand: 1,195,396 674,406
Total current assets: 5,511,494 4,272,996
Creditors: amounts falling due within one year: 4 (2,735,534) (2,507,766)
Net current assets (liabilities): 2,775,960 1,765,230
Total assets less current liabilities: 2,921,074 1,865,697
Total net assets (liabilities): 2,921,074 1,865,697
Capital and reserves
Called up share capital: 999 999
Profit and loss account: 2,920,075 1,864,698
Shareholders funds: 2,921,074 1,865,697

The notes form part of these financial statements

LEACH LEWIS RUBBER TRACKS LIMITED

Balance sheet statements

For the year ending 31 August 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 24 April 2024
and signed on behalf of the board by:

Name: G Blake
Status: Director

The notes form part of these financial statements

LEACH LEWIS RUBBER TRACKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery25% reducing balanceMotor vehicles25% reducing balanceComputer equipment25% reducing balance

LEACH LEWIS RUBBER TRACKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 13 11

LEACH LEWIS RUBBER TRACKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 325,972
Additions 197,583
Disposals (123,333)
At 31 August 2023 400,222
Depreciation
At 01 September 2022 225,505
Charge for year 67,631
On disposals (38,028)
At 31 August 2023 255,108
Net book value
At 31 August 2023 145,114
At 31 August 2022 100,467

LEACH LEWIS RUBBER TRACKS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Creditors: amounts falling due within one year note

Obligations under finance leases and hire purchase contracts- £154 (2022 £27,867) Trade creditors- £1,964,714 (2022, £1,798,205 )Taxes and social security- £690,209 (2022 £573,441 )Other creditors- £80,457 (2022 £108,097 )