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Company Registration No. 12793841 (England and Wales)
Lee's Trade Tyres limited Unaudited accounts for the year ended 31 August 2024
Lee's Trade Tyres limited Unaudited accounts Contents
Page
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Lee's Trade Tyres limited Company Information for the year ended 31 August 2024
Director
Lee Strange
Company Number
12793841 (England and Wales)
Registered Office
65 ST. AUBINS AVENUE SOUTHAMPTON SO19 8NU ENGLAND
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Lee's Trade Tyres limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,494 
29,954 
Current assets
Inventories
36,667 
36,667 
Debtors
62,377 
55,700 
Cash at bank and in hand
202,793 
135,393 
301,837 
227,760 
Creditors: amounts falling due within one year
(163,425)
(104,062)
Net current assets
138,412 
123,698 
Net assets
188,906 
153,652 
Capital and reserves
Profit and loss account
188,906 
153,652 
Shareholders' funds
188,906 
153,652 
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2025 and were signed on its behalf by
Lee Strange Director Company Registration No. 12793841
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Lee's Trade Tyres limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Lee's Trade Tyres limited is a private company, limited by shares, registered in England and Wales, registration number 12793841. The registered office is 65 ST. AUBINS AVENUE, SOUTHAMPTON, SO19 8NU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 Years
Motor vehicles
4 Years
Computer equipment
2 Years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
28,012 
30,950 
613 
1,473 
61,048 
Additions
25,083 
6,540 
- 
2,332 
33,955 
At 31 August 2024
53,095 
37,490 
613 
3,805 
95,003 
Depreciation
At 1 September 2023
14,454 
15,435 
436 
769 
31,094 
Charge for the year
7,483 
4,560 
153 
1,219 
13,415 
At 31 August 2024
21,937 
19,995 
589 
1,988 
44,509 
Net book value
At 31 August 2024
31,158 
17,495 
24 
1,817 
50,494 
At 31 August 2023
13,558 
15,515 
177 
704 
29,954 
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Lee's Trade Tyres limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
53,097 
46,552 
Accrued income and prepayments
9,280 
9,148 
62,377 
55,700 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
24,829 
9,731 
Trade creditors
103,132 
68,152 
Taxes and social security
34,864 
25,429 
Accruals
600 
750 
163,425 
104,062 
7
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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