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
Lee's Trade Tyres limited
Company Information
for the year ended 31 August 2024
Company Number
12793841 (England and Wales)
Registered Office
65 ST. AUBINS AVENUE
SOUTHAMPTON
SO19 8NU
ENGLAND
Lee's Trade Tyres limited
Statement of financial position
as at 31 August 2024
Tangible assets
50,494
29,954
Cash at bank and in hand
202,793
135,393
Creditors: amounts falling due within one year
(163,425)
(104,062)
Net current assets
138,412
123,698
Net assets
188,906
153,652
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
Lee's Trade Tyres limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
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
Lee's Trade Tyres limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
53,097
46,552
Accrued income and prepayments
9,280
9,148
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
103,132
68,152
Taxes and social security
34,864
25,429
7
Average number of employees
During the year the average number of employees was 4 (2023: 3).