Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06852387 Mr Lee Buckingham Mr Adrian Lee Mrs Jodie Lee Mr Adrian Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06852387 2023-03-31 06852387 2024-03-31 06852387 2023-04-01 2024-03-31 06852387 frs-core:Non-currentFinancialInstruments 2024-03-31 06852387 frs-core:BetweenOneFiveYears 2024-03-31 06852387 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06852387 frs-core:NetGoodwill 2023-04-01 2024-03-31 06852387 frs-core:MotorVehicles 2023-04-01 2024-03-31 06852387 frs-core:PlantMachinery 2023-04-01 2024-03-31 06852387 frs-core:WithinOneYear 2024-03-31 06852387 frs-core:ShareCapital 2024-03-31 06852387 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06852387 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06852387 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 06852387 frs-bus:SmallEntities 2023-04-01 2024-03-31 06852387 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06852387 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06852387 frs-bus:Director1 2023-04-01 2024-03-31 06852387 frs-bus:Director2 2023-04-01 2024-03-31 06852387 frs-bus:Director3 2023-04-01 2024-03-31 06852387 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06852387 frs-countries:EnglandWales 2023-04-01 2024-03-31 06852387 2022-03-31 06852387 2023-03-31 06852387 2022-04-01 2023-03-31 06852387 frs-core:Non-currentFinancialInstruments 2023-03-31 06852387 frs-core:BetweenOneFiveYears 2023-03-31 06852387 frs-core:WithinOneYear 2023-03-31 06852387 frs-core:ShareCapital 2023-03-31 06852387 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06852387
Lee & Lee Extensions & Conversions Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 06852387
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 23,000 25,300
Tangible Assets 4 80,801 108,728
103,801 134,028
CURRENT ASSETS
Stocks 18,000 7,500
Debtors 5 622,718 545,057
Cash at bank and in hand 263,983 258,841
904,701 811,398
Creditors: Amounts Falling Due Within One Year (226,902 ) (173,288 )
NET CURRENT ASSETS (LIABILITIES) 677,799 638,110
TOTAL ASSETS LESS CURRENT LIABILITIES 781,600 772,138
Creditors: Amounts Falling Due After More Than One Year (100,805 ) (131,475 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,352 ) (20,658 )
NET ASSETS 665,443 620,005
CAPITAL AND RESERVES
Called up share capital 7 8 8
Profit and Loss Account 665,435 619,997
SHAREHOLDERS' FUNDS 665,443 620,005
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For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Adrian Lee
Director
4th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
Computer Equipment 15% Reducing balance basis
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 15 (2023: 18)
15 18
3. Intangible Assets
Total
£
Cost
As at 1 April 2023 57,500
As at 31 March 2024 57,500
Amortisation
As at 1 April 2023 32,200
Provided during the period 2,300
As at 31 March 2024 34,500
Net Book Value
As at 31 March 2024 23,000
As at 1 April 2023 25,300
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 257,882
Additions 795
As at 31 March 2024 258,677
...CONTINUED
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Depreciation
As at 1 April 2023 149,154
Provided during the period 28,722
As at 31 March 2024 177,876
Net Book Value
As at 31 March 2024 80,801
As at 1 April 2023 108,728
5. Debtors
2024 2023
£ £
Due after more than one year
Lee and Lee Properties Ltd 448,668 442,600
448,668 442,600
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year 10,471 10,471
Between one and five years 37,642 48,113
48,113 58,584
48,113 58,584
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
8. General Information
Lee & Lee Extensions & Conversions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06852387 . The registered office is 17 Higher Warborough Road, Galmpton, Brixham, Devon, TQ5 0PF.
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