Registered number
02202554
Leech & Sharpe Joinery Ltd
Filleted Accounts
27 June 2024
Leech & Sharpe Joinery Ltd
Registered number: 02202554
Balance Sheet
as at 27 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,843 26,054
Current assets
Stocks - 5,153
Cash at bank and in hand 1,234 927
1,234 6,080
Creditors: amounts falling due within one year 4 (24,941) (10,057)
Net current liabilities (23,707) (3,977)
Total assets less current liabilities (2,864) 22,077
Creditors: amounts falling due after more than one year 5 (8,186) (17,730)
Net (liabilities)/assets (11,050) 4,347
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,150) 4,247
Shareholders' funds (11,050) 4,347
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Freeman
Director
Approved by the board on 14 July 2025
Leech & Sharpe Joinery Ltd
Notes to the Accounts
for the period from 1 July 2023 to 27 June 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 41,580
At 27 June 2024 41,580
Depreciation
At 1 July 2023 15,526
Charge for the period 5,211
At 27 June 2024 20,737
Net book value
At 27 June 2024 20,843
At 30 June 2023 26,054
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,500 3,500
Obligations under finance lease and hire purchase contracts 6,716 6,716
Taxation and social security costs - 258
Director's Account 14,725 (417)
24,941 10,057
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,269 8,013
Obligations under finance lease and hire purchase contracts 3,917 9,717
8,186 17,730
6 Other information
Leech & Sharpe Joinery Ltd is a private company limited by shares and incorporated in England. Its registered office is:
97 High Street
Lees
Oldham
OL4 4LY
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