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Company Registration No. SC726637 (Scotland)
CAROL LEE ASSOCIATES LTD Unaudited accounts for the year ended 31 March 2024
CAROL LEE ASSOCIATES LTD Unaudited accounts Contents
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CAROL LEE ASSOCIATES LTD Company Information for the year ended 31 March 2024
Director
CAROL DIANE LEE
Company Number
SC726637 (Scotland)
Registered Office
2 VICTORIA PLACE RUTHERGLEN GLASGOW G73 2JP UNITED KINGDOM
Accountants
brand jamieson co 2 Victoria Place Rutherglen Glasgow G73 2JP
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CAROL LEE ASSOCIATES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
838 
986 
Current assets
Debtors
- 
20,713 
Cash at bank and in hand
38,593 
1,142 
38,593 
21,855 
Creditors: amounts falling due within one year
(18,542)
(6,235)
Net current assets
20,051 
15,620 
Net assets
20,889 
16,606 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,789 
16,506 
Shareholders' funds
20,889 
16,606 
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 director acknowledges her 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 12 August 2024 and were signed on its behalf by
CAROL DIANE LEE Director Company Registration No. SC726637
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CAROL LEE ASSOCIATES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
CAROL LEE ASSOCIATES LTD is a private company, limited by shares, registered in Scotland, registration number SC726637. The registered office is 2 VICTORIA PLACE, RUTHERGLEN, GLASGOW, G73 2JP, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
15% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,160 
At 31 March 2024
1,160 
Depreciation
At 1 April 2023
174 
Charge for the year
148 
At 31 March 2024
322 
Net book value
At 31 March 2024
838 
At 31 March 2023
986 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
20,713 
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CAROL LEE ASSOCIATES LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
17,046 
4,286 
Loans from directors
776 
1,349 
Accruals
720 
600 
18,542 
6,235 
7
Transactions with related parties
During the year , dividends of £31,350 (2023 £2,750) were paid to the director.
8
Controlling party
The controlling party is the director Carol Diane Lee.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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