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REGISTERED NUMBER: 10294815 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

JLEE Electrical Ltd

JLEE Electrical Ltd (Registered number: 10294815)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JLEE Electrical Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J Leeson





REGISTERED OFFICE: 11 The Furlongs
Market Rasen
Lincolnshire
LN8 3DF





REGISTERED NUMBER: 10294815 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

JLEE Electrical Ltd (Registered number: 10294815)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,149 10,156

CURRENT ASSETS
Debtors 5 10,330 7,110
Cash at bank 3,013 3,065
13,343 10,175
CREDITORS
Amounts falling due within one year 6 15,086 10,228
NET CURRENT LIABILITIES (1,743 ) (53 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,406

10,103

CREDITORS
Amounts falling due after more than one
year

7

(5,207

)

(7,200

)

PROVISIONS FOR LIABILITIES (1,858 ) (1,930 )
NET ASSETS 1,341 973

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,241 873
SHAREHOLDERS' FUNDS 1,341 973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JLEE Electrical Ltd (Registered number: 10294815)

Balance Sheet - continued
31 July 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 30 November 2024 and were signed by:





J Leeson - Director


JLEE Electrical Ltd (Registered number: 10294815)

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

1. STATUTORY INFORMATION

JLEE Electrical Ltd 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.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 1 (2023 - 2 ) .

JLEE Electrical Ltd (Registered number: 10294815)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 2,000 18,150 2,670 22,820
Additions 2,620 - 263 2,883
At 31 July 2024 4,620 18,150 2,933 25,703
DEPRECIATION
At 1 August 2023 1,733 8,857 2,074 12,664
Charge for year 722 1,487 681 2,890
At 31 July 2024 2,455 10,344 2,755 15,554
NET BOOK VALUE
At 31 July 2024 2,165 7,806 178 10,149
At 31 July 2023 267 9,293 596 10,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 5,370 1,400
Other debtors 3,250 4,000
Tax 1,710 1,710
10,330 7,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans 4,121 3,865
Tax 9,739 5,577
Social security and other taxes - 19
Directors' current accounts 576 117
Accrued expenses 650 650
15,086 10,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans - 2-5 years 5,207 7,200

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its director. At the year end the company owed the director £576, (2023, £117).