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Registration number: 12422614

Lee Brewer Commercials Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

Lee Brewer Commercials Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Lee Brewer Commercials Ltd

(Registration number: 12422614)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 110,246 | 155,474
Current assets |  |  |
Stocks | 5 | 1,250 | 5,200
Debtors | 6 | 459,899 | 356,440
Cash at bank and in hand |  | 211,568 | 174,898
|  | 672,717 | 536,538
Creditors: Amounts falling due within one year | 7 | (169,448) | (186,836)
Net current assets |  | 503,269 | 349,702
Total assets less current liabilities |  | 613,515 | 505,176
Provisions for liabilities |  | 8,197 | (7,883)
Net assets |  | 621,712 | 497,293
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 621,612 | 497,193
Total equity |  | 621,712 | 497,293

Lee Brewer Commercials Ltd

(Registration number: 12422614)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:

......................................... L W Brewer Director |  |

Lee Brewer Commercials Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 2
Russett House Farm Lambwood Hill
Grazeley
Reading
Berkshire
RG7 1JN
England

These financial statements were authorised for issue by the Board on 4 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Lee Brewer Commercials Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 33% straight line method
Motor Vehicles | 25% reducing balance
Plant and machinery | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lee Brewer Commercials Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 8 (2024 - 8).

Lee Brewer Commercials Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 March 2024 | 8,743 | 3,240 | 283,054 | 295,037
Additions | 1,196 | 1,661 | 66,550 | 69,407
Disposals | - | - | (171,065) | (171,065)
At 28 February 2025 | 9,939 | 4,901 | 178,539 | 193,379
Depreciation
At 1 March 2024 | 3,686 | 2,667 | 133,210 | 139,563
Charge for the year | 1,563 | 940 | 34,754 | 37,257
Eliminated on disposal | - | - | (93,687) | (93,687)
At 28 February 2025 | 5,249 | 3,607 | 74,277 | 83,133
Carrying amount
At 28 February 2025 | 4,690 | 1,294 | 104,262 | 110,246
At 29 February 2024 | 5,057 | 573 | 149,844 | 155,474

Lee Brewer Commercials Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,250 | 5,200

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 188,028 | 198,525
Other debtors | 270,787 | 157,065
Prepayments | 850 | 850
Accrued income | 234 | -
| 459,899 | 356,440

7 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Trade creditors |  | 57,326 | 52,984
Social security and other taxes |  | 17,787 | 16,594
Accruals |  | 7,360 | 5,050
Corporation tax liability |  | 86,975 | 112,208
|  | 169,448 | 186,836

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £115,023 (2024 - £148,013).

Lee Brewer Commercials Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9 | Related party transactions

Transactions with directors

2025 | At 1 March 2024 £ | Advances to director £ | Repayments by director £ | At 28 February 2025 £
Advances granted to directors | 138,046 | 201,258 | (87,537) | 251,767

2024 | At 1 March 2023 £ | Advances to director £ | Repayments by director £ | At 29 February 2024 £
Advances granted to directors | 47,319 | 152,962 | (62,235) | 138,046

Interest has been charged on the above loan at a rate of 2.25% (2% until 5 April 2023) and the loan is repayable on demand.