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REGISTERED NUMBER: 07904709 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

Lee Utilities Limited

Lee Utilities Limited (Registered number: 07904709)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lee Utilities Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: John Frederick Lee





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 07904709 (England and Wales)





ACCOUNTANTS: Vellender Lewis Accountants Limited
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Lee Utilities Limited (Registered number: 07904709)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,181 147,158

CURRENT ASSETS
Debtors 5 26,175 31,584
Investments 6 160,000 160,000
Cash at bank 124,822 47,434
310,997 239,018
CREDITORS
Amounts falling due within one year 7 72,064 50,902
NET CURRENT ASSETS 238,933 188,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,114

335,274

CREDITORS
Amounts falling due after more than one
year

8

(123,616

)

(73,227

)

PROVISIONS FOR LIABILITIES (28,344 ) (27,960 )
NET ASSETS 236,154 234,087

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 236,054 233,987
SHAREHOLDERS' FUNDS 236,154 234,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Lee Utilities Limited (Registered number: 07904709)

Statement of Financial Position - continued
31 January 2024


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 26 April 2024 and were signed by:





John Frederick Lee - Director


Lee Utilities Limited (Registered number: 07904709)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Lee Utilities 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
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 AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lee Utilities Limited (Registered number: 07904709)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 246,869
Additions 121,173
Disposals (182,947 )
At 31 January 2024 185,095
DEPRECIATION
At 1 February 2023 99,711
Charge for year 26,325
Eliminated on disposal (90,122 )
At 31 January 2024 35,914
NET BOOK VALUE
At 31 January 2024 149,181
At 31 January 2023 147,158

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 11,159 16,568
Other debtors 15,016 15,016
26,175 31,584

6. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Unlisted investments 160,000 160,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 32,618 26,202
Trade creditors 121 (1 )
Taxation and social security 36,309 22,291
Other creditors 3,016 2,410
72,064 50,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 123,616 73,227