G & R Lee Memorials Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03338499

G & R Lee Memorials Limited

Filleted Unaudited Financial Statements

31 March 2025

G & R Lee Memorials Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

G & R Lee Memorials Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		12,417		15,912

Current assets

Stocks		21,134	17,648
Debtors	6	25,546	9,842
Cash at bank and in hand		34,786	16,281
		--------	--------
		81,466	43,771

Creditors: amounts falling due within one year	7	38,358		32,169
		--------		--------
Net current assets			43,108		11,602
			--------		--------
Total assets less current liabilities			55,525		27,514

Creditors: amounts falling due after more than one year	8		6,935		10,569

Provisions

Taxation including deferred tax	1,569	2,183
	--------	--------
Net assets	47,021	14,762
	--------	--------

G & R Lee Memorials Limited

Balance Sheet (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	47,019	14,760
	--------	--------
Shareholders funds	47,021	14,762
	--------	--------

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 profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their 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 8 October 2025 , and are signed on behalf of the board by:

Mr R Lee

Director

Company registration number: 03338499

G & R Lee Memorials Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

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 and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	6,778	17,512	115	24,405
Additions	1,313	–	584	1,897
Disposals	( 879)	–	( 115)	( 994)
	-------	--------	----	--------
At 31 March 2025	7,212	17,512	584	25,308
	-------	--------	----	--------
Depreciation
At 1 April 2024	5,557	2,919	17	8,493
Charge for the year	769	4,379	146	5,294
Disposals	( 879)	–	( 17)	( 896)
	-------	--------	----	--------
At 31 March 2025	5,447	7,298	146	12,891
	-------	--------	----	--------
Carrying amount
At 31 March 2025	1,765	10,214	438	12,417
	-------	--------	----	--------
At 31 March 2024	1,221	14,593	98	15,912
	-------	--------	----	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	25,546	8,125
Other debtors	–	1,717
	--------	-------
	25,546	9,842
	--------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	8,491	795
Social security and other taxes	1,214	158
Other creditors	28,653	31,216
	--------	--------
	38,358	32,169
	--------	--------

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

	2025	2024
	£	£
Other creditors	6,935	10,569
	-------	--------

9. Directors' advances, credits and guarantees

The directors had interest free, repayable on demand loans during the year. At the beginning of the year the company owed them £26,576 and at the end of the year the company owed them £22,518.