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

COMPANY REGISTRATION NUMBER: 03653121

Lee Construction Limited

Filleted Unaudited Financial Statements

31 March 2025

Lee Construction Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Lee Construction Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,703	5,222

Current assets

Stocks		665	665
Debtors	6	134,152	156,202
Cash at bank and in hand		11,250	133,016
		---------	---------
		146,067	289,883

Creditors: amounts falling due within one year	7	57,967		46,128
		---------		---------
Net current assets			88,100	243,755
			--------	---------
Total assets less current liabilities			91,803	248,977

Creditors: amounts falling due after more than one year	8		137,155	–

Provisions

Taxation including deferred tax	( 50,130)	–
	---------	---------
Net assets	4,778	248,977
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	4,776	248,975
	-------	---------
Shareholders funds	4,778	248,977
	-------	---------

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 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lee Construction Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr L Higgins
Director

Company registration number: 03653121

Lee Construction 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 Boundary Cottage, The Lees, Boughton Lees, Ashford, Kent, TN25 4JB.

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

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts 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. 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.

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:

Motor vehicles	-	25% reducing balance
Equipment	-	30% reducing balance

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.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	20,084	28,434	48,518
	--------	--------	--------
Depreciation
At 1 April 2024	19,140	24,156	43,296
Charge for the year	236	1,283	1,519
	--------	--------	--------
At 31 March 2025	19,376	25,439	44,815
	--------	--------	--------
Carrying amount
At 31 March 2025	708	2,995	3,703
	--------	--------	--------
At 31 March 2024	944	4,278	5,222
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	122,862	63,648
Other debtors	11,290	92,554
	---------	---------
	134,152	156,202
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	17,254	397
Corporation tax	–	6,419
Social security and other taxes	25,202	17,648
Other creditors	15,511	21,664
	--------	--------
	57,967	46,128
	--------	--------

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

	2025	2024
	£	£
Other creditors	137,155	–
	---------	----

9. Related party transactions

At the year end the company owed the director £137,155 (2024: £nil).