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Registered number: 14098484

AJ Lee Classics Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

AJ Lee Classics Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Andrew Lee
REGISTERED OFFICE
Becthton Hall Farm
Love Lane
Sandbach
Cheshire
CW11 2TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14098484
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

AJ Lee Classics Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

AJ Lee Classics Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3383456
CURRENT ASSETS
Stock4,5004,321
Debtors510,5759,202
Cash at bank and in hand3,7043,198
18,77916,721
CREDITORS: Amounts falling due within one year614,04310,222
NET CURRENT ASSETS4,7366,499
TOTAL ASSETS LESS CURRENT LIABILITIES5,1196,955
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account5,0196,855
SHAREHOLDERS' FUNDS5,1196,955
For the year ending 31/05/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/01/2025 and signed on their behalf by
Andrew Lee
Director

AJ Lee Classics Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 33.33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees33

AJ Lee Classics Limited

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/06/2023529529
At 31/05/2024529529
Depreciation
At 01/06/20237373
For the year7373
At 31/05/2024146146
Net Book Amounts
At 31/05/2024383383
At 31/05/2023456456
4. STOCK 20242023
££
Stock comprises:
Work in progress4,5004,321
4,5004,321
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,9572,609
Prepayments4,6184,285
Directors current account-2,308
10,5759,202

AJ Lee Classics Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax3,5772,499
VAT4,3615,016
PAYE control713727
Directors current account15-
Credit card1,876294
Trade creditors-363
Pension schemes168156
Accruals3,3331,167
14,04310,222
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
100100
New shares issued during period:
100 Class 1 shares of £1 each100
-100