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REGISTERED NUMBER: 13188351 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LEE & WILL ELECTRICAL PARTNERS LIMITED

LEE & WILL ELECTRICAL PARTNERS LIMITED (REGISTERED NUMBER: 13188351)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEE & WILL ELECTRICAL PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: C R Collen





REGISTERED OFFICE: South Stour Offices Roman Road
Mersham
Ashford, Kent
United Kingdom
TN25 7HS





BUSINESS ADDRESS: 6 Bulleid Place
Newtown
Ashford
Kent
TN24 0PW





REGISTERED NUMBER: 13188351 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS

LEE & WILL ELECTRICAL PARTNERS LIMITED (REGISTERED NUMBER: 13188351)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 3,353 5,839
Cash at bank 1,913 2,909
5,266 8,748
CREDITORS
Amounts falling due within one year 5 498 1,725
NET CURRENT ASSETS 4,768 7,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,768

7,023

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 4,766 7,021
SHAREHOLDERS' FUNDS 4,768 7,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 9 October 2024 and were signed by:





C R Collen - Director


LEE & WILL ELECTRICAL PARTNERS LIMITED (REGISTERED NUMBER: 13188351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Lee & Will Electrical Partners 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 (£).


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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

LEE & WILL ELECTRICAL PARTNERS LIMITED (REGISTERED NUMBER: 13188351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 246 540
Other debtors 3,107 5,299
3,353 5,839

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security - 1,725
Other creditors 498 -
498 1,725

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
L Gray-Horwood
Balance outstanding at start of year - 1,019
Amounts repaid - (1,019 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

W D Ovenden
Balance outstanding at start of year 1,825 1,000
Amounts advanced - 1,825
Amounts repaid - (1,000 )
Amounts written off (1,825 ) -
Amounts waived - -
Balance outstanding at end of year - 1,825

Mr W Ovenden's directors loan account was written off as a bad debt after the director resigned at 21/07/23

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £874 (2023 - £4,695) were paid to the directors .

LEE & WILL ELECTRICAL PARTNERS LIMITED (REGISTERED NUMBER: 13188351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. RELATED PARTY DISCLOSURES - continued

Mr C R Collen - Director and Shareholder

At the balance sheet date Mr Collen was owed by Lee & Will Electrical Partners Ltd £498.