13428661falseretail of men's and boys' clothing2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 13428661

Lee Avenue Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Lee Avenue Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Nuchem Weinberger
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13428661
BANKERS
Barclays
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Lee Avenue Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Lee Avenue Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets380,04369,627
CURRENT ASSETS
Stock56,04557,166
Debtors544,99856,475
Cash at bank and in hand237,94236,945
338,985150,586
CREDITORS: Amounts falling due within one year6177,54891,401
NET CURRENT ASSETS161,43759,185
TOTAL ASSETS LESS CURRENT LIABILITIES241,480128,812
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account241,380128,712
SHAREHOLDERS' FUNDS241,480128,812
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 20/01/2025 and signed on their behalf by
.............................
Nuchem Weinberger
Director

Lee Avenue 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.
Fixtures and Fittingsreducing balance 20%
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.
2. EMPLOYEES
20242023
No.No.
Average number of employees43

Lee Avenue Limited

3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/06/202398,75612,255111,011
Additions32,002-32,002
At 31/05/2024130,75812,255143,013
Depreciation
At 01/06/202337,2994,08541,384
For the year21,586-21,586
At 31/05/202458,8854,08562,970
Net Book Amounts
At 31/05/202471,8738,17080,043
At 31/05/202361,4578,17069,627
4. STOCK 20242023
££
Stock comprises:
Stock56,04557,166
56,04557,166
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors7,348-
Prepayments37,65056,475
44,99856,475

Lee Avenue Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax39,2516,352
VAT26,3856,445
PAYE control494-
Trade creditors103,71670,139
Other creditors6,2027,365
Accruals1,5001,100
177,54891,401
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by N Weinberger, the director, by virtue of the fact that he holds 100% of the company's issued and called up, voting share capital.
9. RELATED PARTY TRANSACTIONS
During the year, the director, N Weinberger, made certain loans to the company. At the year end, the balance due to Mr. Weinberger was £6,202 (2023: £7,365). The loan is interest free and repayable on demand.
During the year, dividends of £7,750 (2023: £Nil) were paid to the director and his spouse, totalling £15,500 (2023: £Nil).