Lee & Micklethwait Limited Company accounts

COMPANY REGISTRATION NUMBER: 06101301

LEE & MICKLETHWAIT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

LEE & MICKLETHWAIT LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

CONTENTS	PAGE

Officers and professional advisers	1

Director's report	2

Statement of comprehensive income	3

Statement of financial position	4

Statement of changes in equity	6

Notes to the financial statements	7

The following pages do not form part of the financial statements

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	13

LEE & MICKLETHWAIT LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	Mr J Meek

Registered office	The Old Station
	Naburn
	York
	YO19 4RW

Accountants	Townends Accountants LLP
	Chartered Accountants
	Fulford Lodge
	1 Heslington Lane
	Fulford
	York
	YO10 4HW

Bankers	Santander UK plc
	BBAM
	Bridle Road
	Bootle
	L30 4GB

LEE & MICKLETHWAIT LIMITED

DIRECTOR'S REPORT

YEAR ENDED 31 MARCH 2026

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2026 .

DIRECTOR

The director who served the company during the year was as follows:

Mr J Meek

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 28 May 2026 and signed on behalf of the board by:

Mr J Meek
Director

Registered office:

The Old Station

Naburn

York

YO19 4RW

LEE & MICKLETHWAIT LIMITED

STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 MARCH 2026

	2026	2025
Note	£	£
TURNOVER	1,196,585	961,021

Cost of sales	914,616	718,474
	-------------	----------
GROSS PROFIT	281,969	242,547

Administrative expenses	156,737	143,681
	----------	----------
OPERATING PROFIT	125,232	98,866

Other interest receivable and similar income		3,063	6,094
		----------	----------
PROFIT BEFORE TAXATION	5	128,295	104,960

Tax on profit	30,656	26,369
	----------	----------
PROFIT FOR THE FINANCIAL YEAR	97,639	78,591
	----------	----------

Revaluation of tangible assets	( 3,867)	–
	---------	---------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	93,772	78,591
	---------	---------

All the activities of the company are from continuing operations.

LEE & MICKLETHWAIT LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6	2,001	6,991
Investments	7	212,959	11,659
		----------	---------
		214,960	18,650

CURRENT ASSETS

Stocks and work in progress		50,637	45,143
Debtors	8	80,196	85,808
Cash at bank and in hand		150,235	206,309
		----------	----------
		281,068	337,260

CREDITORS: amounts falling due within one year	9	238,236		177,692
		----------		----------
NET CURRENT ASSETS			42,832		159,568
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			257,792		178,218

PROVISIONS	380	2,078
	----------	----------
NET ASSETS	257,412	176,140
	----------	----------

LEE & MICKLETHWAIT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

	2026		2025
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	1	1
Reval. reserve	( 3,867)	–
Profit and loss account	261,278	176,139
	----------	----------
SHAREHOLDERS FUNDS	257,412	176,140
	----------	----------

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'.

For the year ending 31 March 2026 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 .

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

Mr J Meek
Director

Company registration number: 06101301

LEE & MICKLETHWAIT LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2026

			Called up share capital	Reval. reserve	Profit and loss account	Total
Note			£	£	£	£
AT 1 APRIL 2024			1	–	228,548	228,549

Profit for the year					78,591	78,591
			----	----	----------	----------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	–	78,591	78,591

Dividends paid and payable			–	–	( 131,000)	( 131,000)
			----	----	----------	----------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	( 131,000)	( 131,000)

AT 31 MARCH 2025			1	–	176,139	176,140

Profit for the year					97,639	97,639
Other comprehensive income for the year:
	Revaluation of tangible assets	6	–	( 3,867)	–	( 3,867)
			----	-------	----------	----------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	( 3,867)	97,639	93,772

Dividends paid and payable			–	–	( 12,500)	( 12,500)
			----	----	---------	---------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	( 12,500)	( 12,500)

			----	-------	----------	----------
AT 31 MARCH 2026			1	( 3,867)	261,278	257,412
			----	-------	----------	----------

LEE & MICKLETHWAIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Station, Naburn, York, YO19 4RW.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions 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.

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:

Woodworking machinery	-	20% straight line
Construction equipment	-	20% straight line
Motor vehicles	-	25% straight line
Fixtures and fittings	-	20% straight line

	Electrical equipment	-	33% straight line

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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 and work in progress

Stocks and work in progress 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.

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.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. PROFIT BEFORE TAXATION

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	865	8,240
	----	-------

6. TANGIBLE ASSETS

	Woodwork machinery	Construction equip.	Motor vehicles	Fixtures and fittings	Electrical equip.	Total
	£	£	£	£	£	£
Cost or valuation
At 1 Apr 2025	99,231	16,550	14,750	3,799	29,996	164,326
Additions	696	–	–	–	2,247	2,943
Disposals	–	( 1,813)	–	(914)	( 19,752)	( 22,479)
Revaluations	( 49,472)	( 11,462)	( 12,250)	(2,235)	( 9,833)	( 85,252)
	---------	---------	---------	-------	---------	----------
At 31 Mar 2026	50,455	3,275	2,500	650	2,658	59,538
	---------	---------	---------	-------	---------	----------
Depreciation
At 1 Apr 2025	97,281	14,767	14,750	3,717	26,820	157,335
Charge for the year	124	–	–	–	741	865
Disposals	–	( 1,578)	–	(914)	( 16,788)	( 19,280)
Revaluations	( 47,445)	( 9,914)	( 12,250)	(2,153)	( 9,621)	( 81,383)
	---------	---------	---------	-------	---------	----------
At 31 Mar 2026	49,960	3,275	2,500	650	1,152	57,537
	---------	---------	---------	-------	---------	----------
Carrying amount
At 31 Mar 2026	495	–	–	–	1,506	2,001
	---------	---------	---------	-------	---------	----------
At 31 Mar 2025	1,950	1,783	–	82	3,176	6,991
	---------	---------	---------	-------	---------	----------

7. INVESTMENTS

	Loans to group undertakings	Other loans	Total
	£	£	£
Cost
At 1 April 2025	–	11,659	11,659
Additions	200,000	2,000	202,000
Other movements	–	( 700)	( 700)
	----------	---------	----------
At 31 March 2026	200,000	12,959	212,959
	----------	---------	----------
Impairment
At 1 April 2025 and 31 March 2026	–	–	–
	----------	---------	----------

Carrying amount
At 31 March 2026	200,000	12,959	212,959
	----------	---------	----------
At 31 March 2025	–	11,659	11,659
	----------	---------	----------

8. DEBTORS

	2026	2025
	£	£
Trade debtors	77,396	83,008
Other debtors	2,800	2,800
	---------	---------
	80,196	85,808
	---------	---------

9. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	15,555	32,525
Corporation tax	32,354	27,697
Social security and other taxes	63,990	52,036
Other creditors	126,337	65,434
	----------	----------
	238,236	177,692
	----------	----------

LEE & MICKLETHWAIT LIMITED

MANAGEMENT INFORMATION

YEAR ENDED 31 MARCH 2026

The following pages do not form part of the financial statements.

LEE & MICKLETHWAIT LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LEE & MICKLETHWAIT LIMITED

YEAR ENDED 31 MARCH 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lee & Micklethwait Limited for the year ended 31 March 2026, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Lee & Micklethwait Limited in accordance with the terms of our engagement letter dated 2 September 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Lee & Micklethwait Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lee & Micklethwait Limited and its director for our work or for this report.

It is your duty to ensure that Lee & Micklethwait Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lee & Micklethwait Limited. You consider that Lee & Micklethwait Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Lee & Micklethwait Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Townends Accountants LLP Chartered Accountants

Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW

28 May 2026