Lee Barnes Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 04616272

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,609		3,479

			2,609		3,479
CURRENT ASSETS
Debtors	6	636		10,222
Cash at bank and in hand		12,650		436

		13,286		10,658
Creditors: Amounts Falling Due Within One Year	7	(8,722 )		(5,470 )

NET CURRENT ASSETS (LIABILITIES)			4,564		5,188

TOTAL ASSETS LESS CURRENT LIABILITIES			7,173		8,667

Creditors: Amounts Falling Due After More Than One Year	8		(6,580 )		(8,339 )

NET ASSETS			593		328

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			493		228

SHAREHOLDERS' FUNDS			593		328

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Lee Barnes Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr L G Barnes

Director

4 September 2025

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Lee Barnes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04616272 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.

The company's principal activity continues to be that of farriers.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	25% Reducing balance

2.5. Cash and Cash Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	30,000

As at 31 December 2024	30,000

Amortisation
As at 1 January 2024	30,000

As at 31 December 2024	30,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	5,036	10,395	1,153	16,584

As at 31 December 2024	5,036	10,395	1,153	16,584

Depreciation
As at 1 January 2024	4,849	7,106	1,150	13,105
Provided during the period	47	822	1	870

As at 31 December 2024	4,896	7,928	1,151	13,975

Net Book Value
As at 31 December 2024	140	2,467	2	2,609

As at 1 January 2024	187	3,289	3	3,479

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	636	10,222

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	1,247	1,247
Other creditors	6,270	4,027
Taxation and social security	1,205	196

	8,722	5,470

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	6,580	8,339

9. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	1,247	1,247

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	6,580	8,339

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Financial Instruments

The company has the following financial instruments:

	2024	2023
	£	£
Financial assets
Financial assets measured at fair value through profit and loss	12,816	10,210

Financial liabilities
Financial liabilities measured at fair value through profit and loss	12,494	10,017

Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Directors Advances, Credits and Guarantees

Included in other debtors due within one year are loans to the directors, Mr LG Barnes and Mrs J M Barnes amounting to £NIL (2023 - £9,774)

Included in other creditors due within one year are loans from the directors, Mr LG Barnes and Mrs J M Barnes amounting to £3,462 (2023 - £NIL)

13. Controlling Parties

The Company was controlled throughout the current and previous period by its directors, Mr L G Barnes

and Mrs J M Barnes, by virtue of the fact that between them they own all of the Company's ordinary issued

share capital.

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