Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09340328 Mr Thomas Lees Thomas Lees Etruscan Street, Stoke on Trent, England, ST1 5PQ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09340328 2023-12-31 09340328 2024-12-31 09340328 2024-01-01 2024-12-31 09340328 frs-core:CurrentFinancialInstruments 2024-12-31 09340328 frs-core:Non-currentFinancialInstruments 2024-12-31 09340328 frs-core:ComputerEquipment 2024-12-31 09340328 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09340328 frs-core:ComputerEquipment 2023-12-31 09340328 frs-core:FurnitureFittings 2024-12-31 09340328 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09340328 frs-core:FurnitureFittings 2023-12-31 09340328 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09340328 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09340328 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09340328 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 09340328 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09340328 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09340328 frs-core:MotorVehicles 2024-12-31 09340328 frs-core:MotorVehicles 2024-01-01 2024-12-31 09340328 frs-core:MotorVehicles 2023-12-31 09340328 frs-core:PlantMachinery 2024-12-31 09340328 frs-core:PlantMachinery 2024-01-01 2024-12-31 09340328 frs-core:PlantMachinery 2023-12-31 09340328 frs-core:ShareCapital 2024-12-31 09340328 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09340328 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09340328 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09340328 frs-bus:SmallEntities 2024-01-01 2024-12-31 09340328 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09340328 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09340328 1 2024-01-01 2024-12-31 09340328 frs-bus:Director1 2024-01-01 2024-12-31 09340328 frs-countries:EnglandWales 2024-01-01 2024-12-31 09340328 2022-12-31 09340328 2023-12-31 09340328 2023-01-01 2023-12-31 09340328 frs-core:CurrentFinancialInstruments 2023-12-31 09340328 frs-core:Non-currentFinancialInstruments 2023-12-31 09340328 frs-core:ShareCapital 2023-12-31 09340328 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09340328
Tom Lees Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09340328
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,414,228 873,563
1,414,228 873,563
CURRENT ASSETS
Stocks 5 12,097 27,215
Debtors 6 555,971 346,976
Cash at bank and in hand 213,763 170,907
781,831 545,098
Creditors: Amounts Falling Due Within One Year 7 (868,794 ) (400,467 )
NET CURRENT ASSETS (LIABILITIES) (86,963 ) 144,631
TOTAL ASSETS LESS CURRENT LIABILITIES 1,327,265 1,018,194
Creditors: Amounts Falling Due After More Than One Year 8 (592,883 ) (444,963 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (244,622 ) (218,083 )
NET ASSETS 489,760 355,148
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 489,660 355,048
SHAREHOLDERS' FUNDS 489,760 355,148
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Lees
Director
12 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tom Lees Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09340328 . The registered office is Tom Lees Aggregate Recycling Centre, Turner Crescent, Newcastle-Under-Lyme, ST5 7JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Leasehold 10 years on cost
Plant & Machinery 15% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 3 Years on cost
The director considers the residual value of freehold property will not be less than cost, therefore no depreciation is provided. 
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 11 9
11 9
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2024 - 1,240 167,204 1,021,419
Additions 434,635 - - 306,783
Disposals - - - (122,031 )
As at 31 December 2024 434,635 1,240 167,204 1,206,171
Depreciation
As at 1 January 2024 - 10 63,395 257,153
Provided during the period - 124 15,572 124,408
Disposals - - - (60,828 )
As at 31 December 2024 - 134 78,967 320,733
Net Book Value
As at 31 December 2024 434,635 1,106 88,237 885,438
As at 1 January 2024 - 1,230 103,809 764,266
Page 4
Page 5
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,897 11,342 1,204,102
Additions 724 3,074 745,216
Disposals - - (122,031 )
As at 31 December 2024 3,621 14,416 1,827,287
Depreciation
As at 1 January 2024 1,528 8,453 330,539
Provided during the period 387 2,857 143,348
Disposals - - (60,828 )
As at 31 December 2024 1,915 11,310 413,059
Net Book Value
As at 31 December 2024 1,706 3,106 1,414,228
As at 1 January 2024 1,369 2,889 873,563
5. Stocks
2024 2023
£ £
Stock 12,097 27,215
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 532,867 331,778
Prepayments and accrued income 13,104 15,198
Other debtors 10,000 -
555,971 346,976
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 343,609 163,807
Trade creditors 323,249 162,774
Bank loans and overdrafts 30,568 10,140
Corporation tax 34,447 (54 )
Other taxes and social security 24,131 8,273
VAT 46,299 22,857
Other creditors 2,397 3,545
Accruals and deferred income 21,888 7,932
Director's loan account - 1,193
Amounts owed to parent undertaking 42,206 20,000
868,794 400,467
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 483,245 430,157
Bank loans 109,638 14,806
592,883 444,963
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 826,854 593,964
Bank loans and overdrafts 125,400 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in creditors due within one year is a balance of £42,206 (2023: £20,000) due to parent company.
Dividends paid to parent company in the year were £47,430 (2023 £25,000).
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Tom Lees Holdings Ltd . Tom Lees Holdings Ltd was incorporated in England. The ultimate controlling party is Thomas Lees who controls 100% of the shares of Tom Lees Holdings Ltd.
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