Lee and Turner Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02435249

Lee and Turner Limited

Filleted Unaudited Financial Statements

For the period ended

31 December 2024

Lee and Turner Limited

Financial Statements

Period from 1 October 2024 to 31 December 2024

Contents	Page

Accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Lee and Turner Limited

Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements

Period from 1 October 2024 to 31 December 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

CLAY SHAW THOMAS LTD

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

30 September 2025

Lee and Turner Limited

Statement of Financial Position

31 December 2024

	31 Dec 24		30 Sep 24
Note	£	£	£

Current assets

Stocks		19,443	19,443
Debtors	5	74,669	257,182
Cash at bank and in hand		498,484	323,815
		---------	---------
		592,596	600,440

Creditors: amounts falling due within one year	6	10,782		2,521
		---------		---------
Net current assets			581,814	597,919
			---------	---------
Total assets less current liabilities			581,814	597,919
			---------	---------
Net assets			581,814	597,919
			---------	---------

Lee and Turner Limited

Statement of Financial Position (continued)

31 December 2024

	31 Dec 24		30 Sep 24
Note	£	£	£

Capital and reserves

Called up share capital	100,000	100,000
Share premium account	55,000	55,000
Profit and loss account	426,814	442,919
	---------	---------
Shareholders funds	581,814	597,919
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mrs M Lee
Director

Company registration number: 02435249

Lee and Turner Limited

Notes to the Financial Statements

Period from 1 October 2024 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Craig Yr Eos Avenue, Ogmore By Sea, Bridgend, CF32 0PF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2024: 3 ).

5. Debtors

	31 Dec 24	30 Sep 24
	£	£
Other debtors	74,669	257,182
	--------	---------

6. Creditors: amounts falling due within one year

	31 Dec 24	30 Sep 24
	£	£
Trade creditors	3,629	–
Social security and other taxes	1,330	514
Other creditors	5,823	2,007
	--------	-------
	10,782	2,521
	--------	-------

7. Directors' advances, credit and guarantees

Included in other debtors is an amount of £1,373 (2024 : £184,858) owing from Mr J L W Lee, the director. Movement on the directors account during the period were as follows :

		2024
		£
	Balance owed from the director at 1 October 2024	184,858
	Monies withdrawn	1,373
	Monies introduced	(184,858)
		---------
	Balance owed from director at 31 December 2024	1,373
		---------

8. Related party transactions

Included in other debtors is an amount of £1,549 (2024 : £1,549) owed to the company by Ms C Spear, a shareholder of the company. Included in other debtors is an amount of £1,314 (2024 : £1,314) owed to the company by Mr R Sullivan, a shareholder of the company. Included in other debtors is an amount of £5,480 (2024 : £5,480) owed to the company by Mr B Turner, a shareholder of the company.