Company Registration No. 06774291 (England and Wales)
Leigh House Solutions Limited
Unaudited accounts
for the year ended 31 December 2023
Leigh House Solutions Limited
Unaudited accounts
Contents
Leigh House Solutions Limited
Company Information
for the year ended 31 December 2023
Company Number
06774291 (England and Wales)
Registered Office
Leigh House
Single Street
Westerham
Kent
TN16 3AB
Accountants
Paul Wragg FCA
87 Redwing Road
Clanfield
Waterlooville
Hampshire
PO8 0LX
Leigh House Solutions Limited
Statement of financial position
as at 31 December 2023
Tangible assets
59,918
86,777
Inventories
329,580
476,140
Cash at bank and in hand
715,025
584,642
Creditors: amounts falling due within one year
(1,299,679)
(1,497,359)
Net current assets
148,721
101,608
Total assets less current liabilities
208,639
188,988
Creditors: amounts falling due after more than one year
(67,973)
(103,073)
Called up share capital
4
4
Profit and loss account
140,662
85,911
Shareholders' funds
140,666
85,915
For the year ending 31 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
G Guest
Director
Company Registration No. 06774291
Leigh House Solutions Limited
Notes to the Accounts
for the year ended 31 December 2023
Leigh House Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06774291. The registered office is Leigh House, Single Street, Westerham, Kent, TN16 3AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leigh House Solutions Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
22,061
At 31 December 2023
22,061
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
103,096
17,281
26,592
146,969
Additions
-
4,378
5,121
9,499
At 31 December 2023
103,096
21,659
31,713
156,468
At 1 January 2023
42,953
8,274
8,965
60,192
Charge for the year
25,360
4,525
6,473
36,358
At 31 December 2023
68,313
12,799
15,438
96,550
At 31 December 2023
34,783
8,860
16,275
59,918
At 31 December 2022
60,143
9,007
17,627
86,777
Amounts falling due within one year
Trade debtors
100,610
239,407
Accrued income and prepayments
71,503
20,574
Other debtors
231,682
278,204
Leigh House Solutions Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
38,000
38,000
Trade creditors
69,379
141,694
Taxes and social security
36,208
44,125
Other creditors
904,882
747,912
Loans from directors
1,050
12,654
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors
(12,653)
11,603
-
(1,050)
11
Transactions with related parties
Paid to GBIAB for Director services £88,828 (2022: £86,790)
12
Average number of employees
During the year the average number of employees was 14 (2022: 15).