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REGISTERED NUMBER: 07525113 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEE'S PLUMBING & HEATING LTD

LEE'S PLUMBING & HEATING LTD (REGISTERED NUMBER: 07525113)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEE'S PLUMBING & HEATING LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr C J Lee





SECRETARY: Mrs B E Darby





REGISTERED OFFICE: 44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 07525113 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

LEE'S PLUMBING & HEATING LTD (REGISTERED NUMBER: 07525113)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,926 62,261
43,926 62,261

CURRENT ASSETS
Stocks 500 500
Debtors 6 58,838 36,181
Cash at bank 55,814 23,183
115,152 59,864
CREDITORS
Amounts falling due within one year 7 80,460 40,546
NET CURRENT ASSETS 34,692 19,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,618

81,579

CREDITORS
Amounts falling due after more than one
year

8

(4,810

)

(12,284

)

PROVISIONS FOR LIABILITIES (7,596 ) (11,830 )
NET ASSETS 66,212 57,465

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 66,211 57,464
SHAREHOLDERS' FUNDS 66,212 57,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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'S PLUMBING & HEATING LTD (REGISTERED NUMBER: 07525113)

BALANCE SHEET - continued
31 March 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 5 September 2024 and were signed by:





Mr C J Lee - Director


LEE'S PLUMBING & HEATING LTD (REGISTERED NUMBER: 07525113)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lee's Plumbing & Heating Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Licenses
The cost of the licenses are written off straight line over 20 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

LEE'S PLUMBING & HEATING LTD (REGISTERED NUMBER: 07525113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 846
AMORTISATION
At 1 April 2023
and 31 March 2024 846
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 2,696 29,782 110,731 143,209
Additions - 958 - 958
At 31 March 2024 2,696 30,740 110,731 144,167
DEPRECIATION
At 1 April 2023 2,696 26,278 51,974 80,948
Charge for year - 1,754 17,539 19,293
At 31 March 2024 2,696 28,032 69,513 100,241
NET BOOK VALUE
At 31 March 2024 - 2,708 41,218 43,926
At 31 March 2023 - 3,504 58,757 62,261

LEE'S PLUMBING & HEATING LTD (REGISTERED NUMBER: 07525113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 63,149
DEPRECIATION
At 1 April 2023 15,787
Charge for year 11,840
At 31 March 2024 27,627
NET BOOK VALUE
At 31 March 2024 35,522
At 31 March 2023 47,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,370 32,036
Other debtors 4,468 4,145
58,838 36,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,270 8,270
Trade creditors 28,759 17,727
Credit card 12,977 (663 )
Tax 17,509 3,591
Social security and other taxes 2,473 2,558
VAT 7,484 6,427
Other creditors 1,000 1,000
Directors' loan accounts 988 636
Accruals and deferred income 1,000 1,000
80,460 40,546

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,810 12,284

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J Lee.