S Lee & Sons Limited - Filleted accounts

Registered number

06553037

S Lee & Sons Limited

Filleted Accounts

31 January 2026

S Lee & Sons Limited
Registered number:		06553037
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		591,272			598,458
Investments	5		300,000			300,000
			891,272			898,458

Current assets
Stocks		2,766			10,000
Debtors	6	154,504			161,563
Cash at bank and in hand		70,445			49,346
		227,715			220,909

Creditors: amounts falling due within one year	7	(361,335)			(723,719)

Net current liabilities			(133,620)			(502,810)

Total assets less current liabilities			757,652			395,648

Creditors: amounts falling due after more than one year	8		(362,360)			-

Provisions for liabilities			(5,991)			(20,056)

Net assets			389,301			375,592

Capital and reserves
Called up share capital			100			100
Profit and loss account			389,201			375,492

Shareholders' funds			389,301			375,592

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



J H Lee
Director
Approved by the board on 5 October 2026

S Lee & Sons Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			2% straight line
	Leasehold land and buildings
	Plant and machinery			33% reducing balance
	Motor vehicles			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance
	Computer equipment			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					19		21


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							345,455
	At 31 January 2026							345,455

	Amortisation
	At 1 February 2025							345,455
	At 31 January 2026							345,455

	Net book value
	At 31 January 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	623,414		159,952		35,310		818,676
	Additions	-		3,787		-		3,787
	At 31 January 2026	623,414		163,739		35,310		822,463

	Depreciation
	At 1 February 2025	56,107		145,899		18,212		220,218
	Charge for the year	-		2,972		8,001		10,973
	At 31 January 2026	56,107		148,871		26,213		231,191

	Net book value
	At 31 January 2026	567,307		14,868		9,097		591,272
	At 31 January 2025	567,307		14,053		17,098		598,458


5	Investments

Other
investments
£
	Cost
	At 1 February 2025							300,000

	At 31 January 2026							300,000


6	Debtors					2026		2025
£							£

	Trade debtors					4,865		13,182
	Other debtors					149,639		148,381
						154,504		161,563


7	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					37,214		-
	Trade creditors					21,362		53,075
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					24,939		-
	Taxation and social security costs					55,406		43,237
	Other creditors					222,414		627,407
						361,335		723,719


8	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					362,360		-


9	Other information

	S Lee & Sons Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6 Botley Road
	Hedge End
	Southampton
	Hampshire
	SO30 2HE