Lee Barnes Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 04616272

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		105		2,609

			105		2,609
CURRENT ASSETS
Debtors	6	1,450		636
Cash at bank and in hand		11,724		12,650

		13,174		13,286
Creditors: Amounts Falling Due Within One Year	7	(8,383 )		(8,722 )

NET CURRENT ASSETS (LIABILITIES)			4,791		4,564

TOTAL ASSETS LESS CURRENT LIABILITIES			4,896		7,173

Creditors: Amounts Falling Due After More Than One Year	8		(4,753 )		(6,580 )

NET ASSETS			143		593

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			43		493

SHAREHOLDERS' FUNDS			143		593

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Lee Barnes Ltd

Balance Sheet (continued)

As At 31 December 2025

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

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

The directors acknowledge their 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 L G Barnes Director	Mrs J M Barnes Director
4 September 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Lee Barnes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04616272 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.

The company's principal activity is now that of welding.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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	25% Reducing balance
Motor Vehicles	25% Reducing balance
Computer Equipment	25% Reducing balance

2.5. Cash and Cash Equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	30,000

As at 31 December 2025	30,000

Amortisation
As at 1 January 2025	30,000

As at 31 December 2025	30,000

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	5,036	10,395	1,153	16,584
Disposals	-	(10,395 )	-	(10,395 )

As at 31 December 2025	5,036	-	1,153	6,189

Depreciation
As at 1 January 2025	4,896	7,928	1,151	13,975
Provided during the period	35	-	2	37
Disposals	-	(7,928 )	-	(7,928 )

As at 31 December 2025	4,931	-	1,153	6,084

Net Book Value
As at 31 December 2025	105	-	-	105

As at 1 January 2025	140	2,467	2	2,609

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,450	636

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	1,247	1,247
Other creditors	3,065	6,270
Taxation and social security	4,071	1,205

	8,383	8,722

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

	2025	2024
	£	£
Bank loans	4,753	6,580

9. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	1,247	1,247

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	4,753	6,580

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Lee Barnes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Financial Instruments

The company has the following financial instruments:

	2025	2024
	£	£
Financial assets
Financial assets measured at fair value through profit and loss	13,175	12,816

Financial liabilities
Financial liabilities measured at fair value through profit and loss	10,071	12,494

12. Directors Advances, Credits and Guarantees

Included in other debtors due within one year are loans to the directors, Mr L G Barnes and Mrs J M Barnes amounting to £1,450 (2024 - £NIL).

Included in other creditors due within one year are loans from the directors, Mr L G Barnes and Mrs J M Barnes amounting to £(NIL) (2024 - £(3,462)).

13. Controlling Parties

The Company was controlled throughout the current and previous period by its directors, Mr L G Barnes and Mrs J M Barnes, by virtue of the fact that between them they own all of the Company's ordinary issued share capital.

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