Lee Marley Access Management Limited Company accounts

COMPANY REGISTRATION NUMBER: 13308785

Lee Marley Access Management Limited

Financial Statements

31 December 2024

Lee Marley Access Management Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Directors' report	1

Independent auditor's report to the members	3

Statement of income and retained earnings	7

Statement of financial position	8

Notes to the financial statements	9

Lee Marley Access Management Limited

Directors' Report

Year ended 31 December 2024

The directors present their report and the financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Mr L Marley
Mr D W Clarkson

Directors' responsibilities statement

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 27 August 2025 and signed on behalf of the board by:

Mr L Marley

Director

Registered office:

Unit 185 Viscount Way

Woodley

Reading

RG5 4DZ

Lee Marley Access Management Limited

Independent Auditor's Report to the Members of Lee Marley Access Management Limited

Year ended 31 December 2024

Opinion

We have audited the financial statements of Lee Marley Access Management Limited (the 'company') for the year ended 31 December 2024 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company and industry, we identified the principal risks of non- compliance with laws and regulations and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, FRS102, health and safety laws, contract law, General Data Protection Regulations and UK tax legislation. We We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to fraudulent transactions that may lead to an overstatement of profits in order to increase the value of the company. Audit procedures performed by the audit team included: - Audit testing in different sections in order to check the compliance with applicable regulations and discussions with management including consideration of known or suspected instances of non-compliance with laws, regulations and fraud. - Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, significant one-off amounts or posted by senior management. - Challenging and validating the reasonableness and judgement of any key management assumptions with particular focus on depreciation as this is the key accounting estimate. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/library/standards-codes-policy/audit-assurance-and-ethics/auditors-responsibilities-for- the-audit/. This description forms part of our auditor's report. There are inherent limitations on the audit procedure described above. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Rosa Maria Garcia Nunez

(Senior Statutory Auditor)

For and on behalf of

Abbots

Chartered Certified Accountants & statutory auditor

Printing House

66 Lower Road

Harrow

HA2 0DH

27 August 2025

Lee Marley Access Management Limited

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	1,537,681	881,591

Cost of sales	147,816	111,975
	------------	----------
Gross profit	1,389,865	769,616

Administrative expenses	861,625	685,013
	------------	----------
Operating profit	528,240	84,603

Interest payable and similar expenses		359,950	191,545
		------------	----------
Profit/(loss) before taxation	5	168,290	( 106,942)

Tax on profit/(loss)	606,396	( 157,822)
	----------	----------
(Loss)/profit for the financial year and total comprehensive income	( 438,106)	50,880
	----------	----------

Retained earnings at the start of the year	148,793	97,913
	----------	----------
Retained (losses)/earnings at the end of the year	( 289,313)	148,793
	----------	----------

All the activities of the company are from continuing operations.

Lee Marley Access Management Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	6		4,608,636		3,106,375

Current assets

Debtors	7	–	966,469
Cash at bank and in hand		8,772	5,065
		-------	----------
		8,772	971,534

Creditors: amounts falling due within one year	8	3,064,692		2,425,087
		------------		------------
Net current liabilities			3,055,920		1,453,553
			------------		------------
Total assets less current liabilities			1,552,716		1,652,822

Creditors: amounts falling due after more than one year	9		1,290,856		1,559,252

Provisions	551,073	( 55,323)
	------------	------------
Net (liabilities)/assets	( 289,213)	148,893
	------------	------------

Capital and reserves

Called up share capital	11	100	100
Profit and loss account		( 289,313)	148,793
		----------	----------
Shareholders (deficit)/funds		( 289,213)	148,893
		----------	----------

These financial statements have been prepared 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'.

These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:

Mr L Marley

Director

Company registration number: 13308785

Lee Marley Access Management Limited

Notes to the Financial Statements

Year ended 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 Unit 185 Viscount Way, Woodley, Reading, RG5 4DZ.

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.

Going concern

The going concern basis has been used. Of the company's liabilities £774,005 is owed to (2023 - £116,594 owed by) fellow group companies, and it has been agreed that repayment will not be demanded whilst such action would adversely affect the company's operations. If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have had a significant effect on amounts recognised in the financial statements. Key sources of estimation uncertainty Depreciation is monitored on a regular basis and is estimated based on the directors knowledge and understanding of the nature of the assets, the market value of the assets and consideration of residual value of the assets held.

Revenue recognition

Turnover relates to the rental of plant and equipment and is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied: - The amount of turnover can be measured reliably; - It is probable that the company will receive the consideration due under the contract; - The stage of completion of the contract at the end of the reporting period can be measured reliably; and - The costs incurred and the cost to complete the contract can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Motor vehicles	-	25% straight line
Scaffolding	-	3/5/12 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Auditor's remuneration

	2024	2023
	£	£
Fees payable for the audit of the financial statements	6,750	6,000
	-------	-------

5. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	803,371	536,812
	----------	----------

6. Tangible assets

	Plant and machinery	Motor vehicles	Scaffolding	Total
	£	£	£	£
Cost
At 1 January 2024	451,860	231,235	3,057,396	3,740,491
Additions	38,470	94,512	2,181,403	2,314,385
Disposals	–	–	( 8,932)	( 8,932)
	----------	----------	------------	------------
At 31 December 2024	490,330	325,747	5,229,867	6,045,944
	----------	----------	------------	------------
Depreciation
At 1 January 2024	72,312	34,150	527,654	634,116
Charge for the year	102,392	64,624	636,355	803,371
Disposals	–	–	( 179)	( 179)
	----------	----------	------------	------------
At 31 December 2024	174,704	98,774	1,163,830	1,437,308
	----------	----------	------------	------------
Carrying amount
At 31 December 2024	315,626	226,973	4,066,037	4,608,636
	----------	----------	------------	------------
At 31 December 2023	379,548	197,085	2,529,742	3,106,375
	----------	----------	------------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Scaffolding	Total
	£	£	£	£
At 31 December 2024	315,627	226,972	1,582,389	2,124,988
	----------	----------	------------	------------
At 31 December 2023	379,548	197,085	1,141,994	1,718,627
	----------	----------	------------	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	–	849,875
Amounts owed by group undertakings	–	116,594
	----	----------
	–	966,469
	----	----------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	756,352	620,237
Amounts owed to group undertakings	774,005	–
Accruals and deferred income	7,800	7,000
Social security and other taxes	378,989	417,149
Obligations under finance leases and hire purchase contracts	1,038,916	980,701
Director loan accounts	100,000	400,000
Other creditors	8,630	–
	------------	------------
	3,064,692	2,425,087
	------------	------------

The hire purchase contracts are secured on the assets to which they relate to.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Obligations under finance leases and hire purchase contracts	1,290,856	1,559,252
	------------	------------

The hire purchase contracts are secured on the assets to which they relate to.

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	551,073	( 55,323)
	----------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	606,791	470,759
Unused tax losses	( 55,718)	( 526,082)
	----------	----------
	551,073	(55,323)
	----------	----------

Deferred tax assets have been recognised in relation to the current year trading losses which are being carried forward as it is considered probable that these assets will be recovered.

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D W Clarkson	( 400,000)	300,000	( 100,000)
	----------	----------	----------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D W Clarkson	( 400,000)	–	( 400,000)
	----------	----	----------

The above relates to a short term interest free loan which is repayable on demand.

13. Related party transactions

Lee Marley Access Management Limited is a 100% owned subsidiary of Lee Marley Group Holding Limited. Lee Marley Group Holding Limited intends to prepare consolidated accounts and therefore Lee Marley Access Management Limited has taken advantage of the exemption within paragraph 33.1A of FRS 102 which eliminates the requirement to report intra-group transactions.

14. Controlling party

100% of the share capital is owned by Lee Marley Group Holding Limited . The ultimate controlling parties are Mr L Marley and Mr D Clarkson. The group consolidated accounts can be obtained from the company's registered office; the address is stated on page 4 of these accounts.