IRIS Accounts Production v22.2.0.402 07830557 director 1.12.22 30.11.23 30.11.23 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078305572022-11-30078305572023-11-30078305572022-12-012023-11-30078305572021-11-30078305572021-12-012022-11-30078305572022-11-3007830557ns16:EnglandWales2022-12-012023-11-3007830557ns15:PoundSterling2022-12-012023-11-3007830557ns11:Director12022-12-012023-11-3007830557ns11:PrivateLimitedCompanyLtd2022-12-012023-11-3007830557ns11:SmallEntities2022-12-012023-11-3007830557ns11:AuditExempt-NoAccountantsReport2022-12-012023-11-3007830557ns11:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007830557ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007830557ns11:FullAccounts2022-12-012023-11-300783055712022-12-012023-11-3007830557ns11:CompanySecretary12022-12-012023-11-3007830557ns11:RegisteredOffice2022-12-012023-11-3007830557ns6:CurrentFinancialInstruments2023-11-3007830557ns6:CurrentFinancialInstruments2022-11-3007830557ns6:Non-currentFinancialInstruments2023-11-3007830557ns6:Non-currentFinancialInstruments2022-11-3007830557ns6:ShareCapital2023-11-3007830557ns6:ShareCapital2022-11-3007830557ns6:RetainedEarningsAccumulatedLosses2023-11-3007830557ns6:RetainedEarningsAccumulatedLosses2022-11-3007830557ns6:NetGoodwill2022-12-012023-11-3007830557ns6:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3007830557ns6:PlantMachinery2022-12-012023-11-3007830557ns6:NetGoodwill2022-11-3007830557ns6:NetGoodwill2023-11-3007830557ns6:NetGoodwill2022-11-3007830557ns6:PlantMachinery2022-11-3007830557ns6:PlantMachinery2023-11-3007830557ns6:PlantMachinery2022-11-3007830557ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-11-3007830557ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-11-3007830557ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-11-3007830557ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-11-30
REGISTERED NUMBER: 07830557 (England and Wales)















Report of the Director and

Unaudited Financial Statements

for the Year Ended 30 November 2023

for

LATHAM LEES LIMITED

LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


LATHAM LEES LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr D M Lees B.A, C.A





SECRETARY: Mr D M Lees B.A, C.A





REGISTERED OFFICE: 10, Park Street
Lytham
Lytham St Annes
Lancashire
FY8 5LU





REGISTERED NUMBER: 07830557 (England and Wales)





ACCOUNTANT: LATHAM LEES LIMITED
Chartered Accountant
10, Park Street
Lytham
Lancashire
FY8 5LU

LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)

Report of the Director
for the Year Ended 30 November 2023

The director presents his report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Chartered Accountancy Services

DIRECTOR
Mr D M Lees B.A, C.A held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D M Lees B.A, C.A - Director


29 July 2024

LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,229 3,715
3,229 3,715

CURRENT ASSETS
Stocks 6 (2,000 ) 2,000
Debtors 7 2,359 4,249
Prepayments and accrued income - 242
Cash at bank 4,739 5,570
5,098 12,061
CREDITORS
Amounts falling due within one year 8 12,514 17,408
NET CURRENT LIABILITIES (7,416 ) (5,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,187

)

(1,632

)

CREDITORS
Amounts falling due after more than one
year

9

5,823

7,826
NET LIABILITIES (10,010 ) (9,458 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,110 ) (9,558 )
SHAREHOLDERS' FUNDS (10,010 ) (9,458 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)

Balance Sheet - continued
30 November 2023


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 29 July 2024 and were signed by:





Mr D M Lees B.A, C.A - Director


LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Latham Lees 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 63,500
AMORTISATION
At 1 December 2022
and 30 November 2023 63,500
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022 12,521
Additions 83
At 30 November 2023 12,604
DEPRECIATION
At 1 December 2022 8,806
Charge for year 569
At 30 November 2023 9,375
NET BOOK VALUE
At 30 November 2023 3,229
At 30 November 2022 3,715

6. STOCKS
30.11.23 30.11.22
£    £   
Work-in-progress (2,000 ) 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,359 4,249

LATHAM LEES LIMITED (REGISTERED NUMBER: 07830557)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 3,819
Tax 172 175
Social security and other taxes 2,978 7,169
Directors' current accounts 9,364 6,245
12,514 17,408

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 3,823 5,826
5,823 7,826