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REGISTERED NUMBER: 08434160 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2025

for

Andrew Lees Upholstery Limited

Andrew Lees Upholstery Limited (Registered number: 08434160)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Andrew Lees Upholstery Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: A Lees
R Lees





REGISTERED OFFICE: 22 Silverthorne Close
Stalybridge
Cheshire
SK15 2DQ





REGISTERED NUMBER: 08434160 (England and Wales)





ACCOUNTANTS: S & A Buckley Limited
22 Silverthorne Close
Stalybridge
Cheshire
SK15 2DQ

Andrew Lees Upholstery Limited (Registered number: 08434160)

Abridged Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 250,779 36,674
Investment property 5 - 182,290
250,779 218,964

CURRENT ASSETS
Stocks 13,632 19,953
Debtors 135,869 149,398
Cash at bank and in hand 50,536 1,047
200,037 170,398
CREDITORS
Amounts falling due within one year 149,519 191,966
NET CURRENT ASSETS/(LIABILITIES) 50,518 (21,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,297

197,396

CREDITORS
Amounts falling due after more than one year 6 (102,181 ) (88,189 )

PROVISIONS FOR LIABILITIES (11,533 ) (2,999 )
NET ASSETS 187,583 106,208

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 187,582 106,207
SHAREHOLDERS' FUNDS 187,583 106,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Andrew Lees Upholstery Limited (Registered number: 08434160)

Abridged Statement of Financial Position - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





A Lees - Director


Andrew Lees Upholstery Limited (Registered number: 08434160)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Andrew Lees Upholstery 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Andrew Lees Upholstery Limited (Registered number: 08434160)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2024 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 141,995
Additions 58,433
Reclassification/transfer 182,290
At 31 March 2025 382,718
DEPRECIATION
At 1 April 2024 105,321
Charge for year 26,618
At 31 March 2025 131,939
NET BOOK VALUE
At 31 March 2025 250,779
At 31 March 2024 36,674

Andrew Lees Upholstery Limited (Registered number: 08434160)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 38,738
At 31 March 2025 38,738
DEPRECIATION
Charge for year 9,684
At 31 March 2025 9,684
NET BOOK VALUE
At 31 March 2025 29,054

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 182,290
Reclassification/transfer (182,290 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 182,290

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2025 2024
£    £   
Repayable by instalments
Bank loan 37,144 45,739

Andrew Lees Upholstery Limited (Registered number: 08434160)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 88,206 105,143
Hire purchase contracts 39,128 -
127,334 105,143

The bank loans are secured by way of a fixed and floating charge over the assets of the company in favour of National Westminster Bank plc.

The company also took out a £50,000 Bounce Back Loan in 2021, which is fully secured by a government backed guarantee.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2024 - £30,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Lees.