Company Registration No. 12428905 (England and Wales)
Lee Green Ltd
Unaudited accounts
for the year ended 31 January 2024
Lee Green Ltd
Unaudited accounts
Contents
Lee Green Ltd
Company Information
for the year ended 31 January 2024
Company Number
12428905 (England and Wales)
Registered Office
2 EXETER STREET
COTTINGHAM
EAST RIDING OF YORKSHIRE
HU16 4LU
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Lee Green Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
22,036
15,034
Cash at bank and in hand
42,789
61,681
Creditors: amounts falling due within one year
(53,928)
(30,880)
Net current assets
55,911
49,658
Total assets less current liabilities
77,947
64,692
Creditors: amounts falling due after more than one year
(6,113)
(9,854)
Called up share capital
1
1
Profit and loss account
71,833
54,837
Shareholders' funds
71,834
54,838
For the year ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2024 and were signed on its behalf by
Mr L J Green
Director
Company Registration No. 12428905
Lee Green Ltd
Notes to the Accounts
for the year ended 31 January 2024
Lee Green Ltd is a private company, limited by shares, registered in England and Wales, registration number 12428905. The registered office is 2 EXETER STREET, COTTINGHAM, EAST RIDING OF YORKSHIRE, HU16 4LU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% cost
Computer equipment
25% cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Lee Green Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
1,785
22,641
633
25,059
Additions
-
11,532
-
11,532
At 31 January 2024
1,785
34,173
633
36,591
At 1 February 2023
708
9,056
261
10,025
Charge for the year
357
3,964
209
4,530
At 31 January 2024
1,065
13,020
470
14,555
At 31 January 2024
720
21,153
163
22,036
At 31 January 2023
1,077
13,585
372
15,034
Amounts falling due within one year
Trade debtors
21,550
15,002
Amounts due from group undertakings etc.
45,500
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,000
4,259
Taxes and social security
9,287
14,224
Other creditors
11,022
235
Loans from directors
14,205
856
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Lee Green Ltd
Notes to the Accounts
for the year ended 31 January 2024
9
Transactions with related parties
As at 31/01/2024 Greens Property owes Lee Green Ltd, this amount is interest free.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).