REGISTERED NUMBER: 04014506 (England and Wales)

A T LEE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Cryer

R Fearnley

REGISTERED OFFICE:

Leardene House

Draughton

Skipton

North Yorkshire

BD23 6EA

REGISTERED NUMBER:

04014506 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Suite B2 Joseph's Well

Hanover Walk

Westgate

Leeds

West Yorkshire

LS3 1AB

FIXED ASSETS

Tangible assets

4

72,812

50,256

CURRENT ASSETS

Stocks

315,000

280,000

Debtors

5

474,821

820,177

Cash at bank

86,908

31,494

876,729

1,131,671

CREDITORS

Amounts falling due within one year

6

490,868

818,616

NET CURRENT ASSETS

385,861

313,055

TOTAL ASSETS LESS CURRENT LIABILITIES

458,673

363,311

CREDITORS

Amounts falling due after more than one year

7

2,799

8,884

NET ASSETS

455,874

354,427

CAPITAL AND RESERVES

Called up share capital

176,399

176,399

Retained earnings

279,475

178,028

SHAREHOLDERS' FUNDS

455,874

354,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

N A Cryer - Director

1.	STATUTORY INFORMATION

A T Lee Properties 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 each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

133,267

131,119

264,386

Additions

38,387

35,100

73,487

Disposals

(32,625

)

(26,100

)

(58,725

)

At 31 December 2024

139,029

140,119

279,148

DEPRECIATION

At 1 January 2024

123,740

90,390

214,130

Charge for year

8,597

20,314

28,911

Eliminated on disposal

(26,205

)

(10,500

)

(36,705

)

At 31 December 2024

106,132

100,204

206,336

NET BOOK VALUE

At 31 December 2024

32,897

39,915

72,812

At 31 December 2023

9,527

40,729

50,256

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

453,692

812,698

Other debtors

12,110

2,710

Directors' current accounts

4,269

4,769

Prepayments and accrued income

4,750

-

474,821

820,177

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,084

6,084

Trade creditors

126,457

94,809

Tax

24,102

8,032

Social security and other taxes

26,270

22,998

VAT

25,277

109,445

Other creditors

10,100

10,100

Directors' current accounts

773

5,073

Accruals and deferred income

271,805

562,075

490,868

818,616

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

2,799

8,884

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

N A Cryer

Balance outstanding at start of year

(5,073

)

1,091

Amounts advanced

19,800

12,836

Amounts repaid

(15,500

)

(19,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(773

)

(5,073

)

R Fearnley

Balance outstanding at start of year

4,769

4,000

Amounts advanced

-

8,000

Amounts repaid

(500

)

(7,231

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,269

4,769

Interest is charged on the overdrawn loan accounts in accordance with HMRCs approved rate.