Lee Billing Joinery Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07753056

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		71,296		76,985

			71,296		76,985
CURRENT ASSETS
Stocks	5	7,197		4,321
Debtors	6	37,332		54,019
Cash at bank and in hand		119,944		128,273

		164,473		186,613
Creditors: Amounts Falling Due Within One Year	7	(64,834 )		(72,433 )

NET CURRENT ASSETS (LIABILITIES)			99,639		114,180

TOTAL ASSETS LESS CURRENT LIABILITIES			170,935		191,165

Creditors: Amounts Falling Due After More Than One Year	8		(3,333 )		(13,333 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,830 )		(14,743 )

NET ASSETS			153,772		163,089

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			153,771		163,088

SHAREHOLDERS' FUNDS			153,772		163,089

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Lee Billing Joinery Limited

Balance Sheet (continued)

As At 28 February 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Lee Billing

Director

19th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lee Billing Joinery Limited Registered number 07753056 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit K1 Bentalls Ind. Estate, Holloway Road Heybridge, Maldon, Essex, CM9 4LY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Lee Billing Joinery Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2024	118,025	16,441	5,322	139,788
Additions	12,134	-	-	12,134

As at 28 February 2025	130,159	16,441	5,322	151,922

Depreciation
As at 1 March 2024	52,753	7,834	2,216	62,803
Provided during the period	15,481	1,721	621	17,823

As at 28 February 2025	68,234	9,555	2,837	80,626

Net Book Value
As at 28 February 2025	61,925	6,886	2,485	71,296

As at 1 March 2024	65,272	8,607	3,106	76,985

5. Stocks

	2025	2024
	£	£
Stock	7,197	4,321

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	242	17,652
Prepayments and accrued income	1,416	1,068
Blackwater Leasing Debtor	35,299	35,299
Other taxes and social security	375	-

	37,332	54,019

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Lee Billing Joinery Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,354	14,322
Bank loans and overdrafts	10,000	10,000
Corporation tax	-	16,845
Other taxes and social security	-	2,975
VAT	126	2,077
Natwest Credit card	2,964	1,550
Accruals and deferred income	1,395	1,395
Director's loan account	36,995	23,269

	64,834	72,433

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

	2025	2024
	£	£
Bank loans	3,333	13,333

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1 each	1	1

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

11. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	4,000	4,000

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Lee Billing by virtue of his ownership of 100% of the issued share capital in the company.