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REGISTERED NUMBER: 03417469 (England and Wales)
























LEE COURIERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






LEE COURIERS LTD (REGISTERED NUMBER: 03417469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


LEE COURIERS LTD (REGISTERED NUMBER: 03417469)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,426 90,474

CURRENT ASSETS
Debtors 5 300,226 235,655
Cash at bank and in hand 9,037 36,131
309,263 271,786
CREDITORS
Amounts falling due within one year 6 241,900 173,104
NET CURRENT ASSETS 67,363 98,682
TOTAL ASSETS LESS CURRENT LIABILITIES 212,789 189,156

CREDITORS
Amounts falling due after more than one
year

7

(87,981

)

(47,764

)

PROVISIONS FOR LIABILITIES (27,631 ) (22,370 )
NET ASSETS 97,177 119,022

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,077 118,922
97,177 119,022

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

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

LEE COURIERS LTD (REGISTERED NUMBER: 03417469)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2025 and were signed by:





N O Haughey - Director


LEE COURIERS LTD (REGISTERED NUMBER: 03417469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Lee Couriers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03417469

Registered office: Unit 28 Hoddesdon Ind Estate
Hoddeson
Hertfordshire
EN11 0FF

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 - 20% on cost
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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
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.

LEE COURIERS LTD (REGISTERED NUMBER: 03417469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 43,676 355,237 398,913
Additions - 86,301 86,301
Disposals - (100 ) (100 )
At 31 August 2024 43,676 441,438 485,114
DEPRECIATION
At 1 September 2023 38,440 269,999 308,439
Charge for year 1,047 30,302 31,349
Eliminated on disposal - (100 ) (100 )
At 31 August 2024 39,487 300,201 339,688
NET BOOK VALUE
At 31 August 2024 4,189 141,237 145,426
At 31 August 2023 5,236 85,238 90,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 293,868 215,983
Other debtors 6,358 19,672
300,226 235,655

LEE COURIERS LTD (REGISTERED NUMBER: 03417469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,976 5,230
Hire purchase contracts 27,760 8,941
Trade creditors 157,229 89,400
Taxation and social security 43,667 67,618
Other creditors 3,268 1,915
241,900 173,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,744 34,014
Hire purchase contracts 59,237 13,750
87,981 47,764

8. RELATED PARTY DISCLOSURES

During the year dividends were paid to N&DH Investments Limited during the year in accordance with the shareholding of £Nil. (2023: £Nil).

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the shareholder N&DH Investments Limited by virtue of a controlling interest in 100% of the issued ordinary share capital. The Director, Mr N Haughey, has a 50% interest in the shareholder company.