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REGISTERED NUMBER: 08556366 (England and Wales)












Preston Lee Chambers Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Preston Lee Chambers Limited (Registered number: 08556366)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Preston Lee Chambers Limited

Company Information
for the Year Ended 31 July 2024







Director: J J Lee





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 08556366 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Preston Lee Chambers Limited (Registered number: 08556366)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
Current assets
Debtors 4 35,684 49,870
Cash at bank and in hand 9,182 3,657
44,866 53,527
Creditors
Amounts falling due within one year 5 36,081 46,322
Net current assets 8,785 7,205
Total assets less current liabilities 8,785 7,205

Creditors
Amounts falling due after more than one
year

6

9,166

19,166
Net liabilities (381 ) (11,961 )

Capital and reserves
Called up share capital 100 100
Retained earnings (481 ) (12,061 )
Shareholders' funds (381 ) (11,961 )

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

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

Preston Lee Chambers Limited (Registered number: 08556366)

Balance Sheet - continued
31 July 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 director and authorised for issue on 6 May 2025 and were signed by:





J J Lee - Director


Preston Lee Chambers Limited (Registered number: 08556366)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Preston Lee Chambers 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.

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.

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.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 16,176 47,598
Other debtors 19,508 2,272
35,684 49,870

Preston Lee Chambers Limited (Registered number: 08556366)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,890 3,505
Taxation and social security 19,274 30,762
Other creditors 2,917 2,055
36,081 46,322

6. Creditors: amounts falling due after more than one year
31.7.24 31.7.23
£    £   
Bank loans 9,166 19,166

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
J J Lee
Balance outstanding at start of year - 5,273
Amounts advanced 17,358 -
Amounts repaid - (5,273 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,358 -

The loan was at commercial rates of interest and is fully repayable on demand.