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REGISTERED NUMBER: 09309281 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

LEE ATKINS LIMITED

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEE ATKINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr L J Atkins
Mrs M V Atkins





REGISTERED OFFICE: Unit 4F
Racemeadow Road
Carlyon Road Ind Estate
Atherstone
Warwickshire
CV9 1LJ





REGISTERED NUMBER: 09309281 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,276 -
Property, plant and equipment 5 200,474 216,196
270,750 216,196

CURRENT ASSETS
Inventories 45,792 42,483
Debtors 6 672,210 692,325
Cash at bank and in hand 618,361 498,610
1,336,363 1,233,418
CREDITORS
Amounts falling due within one year 7 559,744 413,993
NET CURRENT ASSETS 776,619 819,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,369

1,035,621

CREDITORS
Amounts falling due after more than one
year

8

(55,682

)

(95,962

)

PROVISIONS FOR LIABILITIES (38,090 ) (41,077 )
NET ASSETS 953,597 898,582

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 953,497 898,482
SHAREHOLDERS' FUNDS 953,597 898,582

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 directors acknowledge their 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.

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr L J Atkins - Director


LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Lee Atkins 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Franchise fee
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.

Franchise fees are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 33% reducing balance

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 10 (2022 - 9 ) .

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2022 44,031 12,500 56,531
Additions 61,119 15,000 76,119
At 30 November 2023 105,150 27,500 132,650
AMORTISATION
At 1 December 2022 44,031 12,500 56,531
Charge for year 5,093 750 5,843
At 30 November 2023 49,124 13,250 62,374
NET BOOK VALUE
At 30 November 2023 56,026 14,250 70,276
At 30 November 2022 - - -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 24,200 13,695 390,548 25,602 454,045
Additions - - 28,800 3,361 32,161
Disposals - - (7,172 ) - (7,172 )
At 30 November 2023 24,200 13,695 412,176 28,963 479,034
DEPRECIATION
At 1 December 2022 19,559 3,904 199,968 14,418 237,849
Charge for year 928 1,958 41,235 2,559 46,680
Eliminated on disposal - - (5,969 ) - (5,969 )
At 30 November 2023 20,487 5,862 235,234 16,977 278,560
NET BOOK VALUE
At 30 November 2023 3,713 7,833 176,942 11,986 200,474
At 30 November 2022 4,641 9,791 190,580 11,184 216,196

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 157,772
DEPRECIATION
At 1 December 2022 32,572
Charge for year 25,040
At 30 November 2023 57,612
NET BOOK VALUE
At 30 November 2023 100,160
At 30 November 2022 125,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 509,222 408,364
Other debtors 162,988 283,961
672,210 692,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,001 10,003
Hire purchase contracts 30,151 38,063
Trade creditors 300,570 200,408
Taxation and social security 188,086 139,709
Other creditors 30,936 25,810
559,744 413,993

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,001 25,008
Hire purchase contracts 40,681 70,954
55,682 95,962

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £153,558 (2022: £226,222) due from directors. Interest has been charged at the official rate.