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REGISTERED NUMBER: 00891734 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for


Leemark Engineering (Hayes) Limited


Leemark Engineering (Hayes) Limited (Registered number: 00891734)







Contents of the Financial Statements

for the Year Ended 31 March 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Leemark Engineering (Hayes) Limited


Company Information

for the Year Ended 31 March 2024









DIRECTORS:

M A Stockwell


K A Stockwell


N Stockwell







SECRETARY:

M A Stockwell







REGISTERED OFFICE:

Rigby Lane


Hayes


Middlesex


UB3 1ET







REGISTERED NUMBER:

00891734 (England and Wales)







ACCOUNTANTS:

PW Beere Accounting Solutions Limited


35a Hazlemere Road


Penn


Buckinghamshire


HP10 8AD


Leemark Engineering (Hayes) Limited (Registered number: 00891734)


Balance Sheet

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

621,899


323,056




CURRENT ASSETS

Stocks

230,000


126,500



Debtors

5

462,185


521,313



Cash at bank and in hand

19,234


79,343



711,419


727,156



CREDITORS

Amounts falling due within one year

6

199,484


228,400



NET CURRENT ASSETS

511,935


498,756



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,133,834


821,812




CREDITORS

Amounts falling due after more than

one year

7

(471,389

)

(218,889

)



PROVISIONS FOR LIABILITIES

(107,571

)

(52,742

)


NET ASSETS

554,874


550,181




CAPITAL AND RESERVES

Called up share capital

120,006


120,000



Share premium

24


-



Retained earnings

434,844


430,181



SHAREHOLDERS' FUNDS

554,874


550,181




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their 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.

Leemark Engineering (Hayes) Limited (Registered number: 00891734)


Balance Sheet - continued

31 March 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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





M A Stockwell - Director

K A Stockwell - Director





N Stockwell - Director



Leemark Engineering (Hayes) Limited (Registered number: 00891734)


Notes to the Financial Statements

for the Year Ended 31 March 2024


1.

STATUTORY INFORMATION



Leemark Engineering (Hayes) 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.


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 or, if held under a finance lease, over the lease term, whichever is the shorter.  


Plant and machinery etc

-      

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost  



Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


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.


Leemark Engineering (Hayes) Limited (Registered number: 00891734)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


2.

ACCOUNTING POLICIES - continued


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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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 19 (2023 - 23 ) .


Leemark Engineering (Hayes) Limited (Registered number: 00891734)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2023

2,062,146




Additions

362,108




Disposals

(8,450

)



At 31 March 2024

2,415,804




DEPRECIATION


At 1 April 2023

1,739,090




Charge for year

62,872




Eliminated on disposal

(8,057

)



At 31 March 2024

1,793,905




NET BOOK VALUE


At 31 March 2024

621,899




At 31 March 2023

323,056





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:



Plant and


machinery


etc

£   



COST


At 1 April 2023

320,000




Additions

332,970




At 31 March 2024

652,970




DEPRECIATION


At 1 April 2023

200,397




Charge for year

34,429




Eliminated on disposal

(8,057

)



At 31 March 2024

226,769




NET BOOK VALUE


At 31 March 2024

426,201




At 31 March 2023

119,603




Leemark Engineering (Hayes) Limited (Registered number: 00891734)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


5.

DEBTORS


31.3.24


31.3.23

£   

£   



Amounts falling due within one year:


Trade debtors

187,468


214,749




Other debtors

28,463


25,830



215,931


240,579





Amounts falling due after more than one year:


Other debtors

246,254


280,734





Aggregate amounts

462,185


521,313




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Bank loans and overdrafts

32,475


33,130




Hire purchase contracts

35,000


30,000




Trade creditors

56,605


56,854




Taxation and social security

60,908


95,807




Other creditors

14,496


12,609



199,484


228,400




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR



31.3.24


31.3.23

£   

£   



Bank loans

98,889


138,889




Hire purchase contracts

372,500


80,000



471,389


218,889




8.

ULTIMATE CONTROLLING PARTY



There is no overall controlling party as the three directors own the entire issued share capital equally.