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REGISTERED NUMBER: 10071027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

George Lee Elevator Services Limited

George Lee Elevator Services Limited (Registered number: 10071027)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


George Lee Elevator Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G J Lee





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 10071027 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
F39 Innovation Centre Medway
Chatham
Kent
ME5 9FD

George Lee Elevator Services Limited (Registered number: 10071027)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 15,325 6,113

CURRENT ASSETS
Debtors 5 19,489 16,918
Cash at bank and in hand 8,245 11,086
27,734 28,004
CREDITORS
Amounts falling due within one year 6 23,509 21,512
NET CURRENT ASSETS 4,225 6,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,550

12,605

CREDITORS
Amounts falling due after more than one
year

7

(195

)

(531

)

PROVISIONS FOR LIABILITIES (640 ) (795 )
NET ASSETS 18,715 11,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,615 11,179
18,715 11,279

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.

George Lee Elevator Services Limited (Registered number: 10071027)

Statement of Financial Position - 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 3 September 2024 and were signed by:





Mr G J Lee - Director


George Lee Elevator Services Limited (Registered number: 10071027)

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

1. STATUTORY INFORMATION

George Lee Elevator Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to the individual entity only

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

At each Statement of Financial Position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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.

George Lee Elevator Services Limited (Registered number: 10071027)

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

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2023 513 - 28,623 1,536 30,672
Additions - 10,375 - 559 10,934
Disposals (256 ) - - (649 ) (905 )
At 31 March 2024 257 10,375 28,623 1,446 40,701
DEPRECIATION
At 1 April 2023 348 - 22,675 1,536 24,559
Charge for year 13 - 1,487 140 1,640
Eliminated on disposal (174 ) - - (649 ) (823 )
At 31 March 2024 187 - 24,162 1,027 25,376
NET BOOK VALUE
At 31 March 2024 70 10,375 4,461 419 15,325
At 31 March 2023 165 - 5,948 - 6,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Other debtors 19,489 16,918

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 1,001 933
Taxation and social security 9,064 6,527
Other creditors 13,444 14,052
23,509 21,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Trade creditors 195 531