F. & S. Lee & Son Limited

F. & S. Lee & Son Limited
Contents Page
For the year ended 28 February 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

F. & S. Lee & Son Limited Accountants' Report For the year ended 28 February 2026
Report to the directors on the preparation of the unaudited statutory accounts of F. & S. Lee & Son Limited for the year ended 28 February 2026. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of F. & S. Lee & Son Limited for the year ended 28 February 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of F. & S. Lee & Son Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of F. & S. Lee & Son Limited and state those matters that we have agreed to state to the Board of Directors of F. & S. Lee & Son Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F. & S. Lee & Son Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that F. & S. Lee & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of F. & S. Lee & Son Limited. You consider that F. & S. Lee & Son 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 accounts of F. & S. Lee & Son 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 accounts. .................................................... Forbes Watson Limited The Old Bakery Green Street Lytham FY8 5LG 03 November 2026 1

F. & S. Lee & Son Limited
Accountants' Report
For the year ended 28 February 2026

Report to the directors on the preparation of the unaudited statutory accounts of F. & S. Lee & Son Limited for the year ended 28 February 2026.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of F. & S. Lee & Son Limited for the year ended 28 February 2026 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of F. & S. Lee & Son Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of F. & S. Lee & Son Limited and state those matters that we have agreed to state to the Board of Directors of F. & S. Lee & Son Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F. & S. Lee & Son Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that F. & S. Lee & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of F. & S. Lee & Son Limited. You consider that F. & S. Lee & Son 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 accounts of F. & S. Lee & Son 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 accounts.

....................................................

Forbes Watson Limited
The Old Bakery
Green Street
Lytham
FY8 5LG
03 November 2026

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Registered Number: 01050064 F. & S. Lee & Son Limited
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	296,402	302,650
		296,402	302,650
Current assets
Stocks		60,000	63,157
Debtors		21	-
Cash at bank and in hand		44,724	66,037
		104,745	129,194
Creditors: amount falling due within one year		(19,795)	(46,110)
Net current assets		84,950	83,084

Total assets less current liabilities		381,352	385,734
Net assets		381,352	385,734

Capital and reserves
Called up share capital		100	100
Profit and loss account		381,252	385,634
Shareholders' funds		381,352	385,734

For the year ended 28 February 2026 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 accounts for the year in question in accordance with section 476.
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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 03 November 2026 and were signed on its behalf by:

-------------------------------
Andrew Lee
Director

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F. & S. Lee & Son Limited
Notes to the Abridged Financial Statements
For the year ended 28 February 2026

General Information

F. & S. Lee & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 01050064, registration address 29 Lytham Road, Freckleton, Preston, Lancashire, PR4 1AA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	2% Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 6 (2025 : 6).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 March 2025	379,420	11,974	134,347	525,741
Additions	-	-	-	-
Disposals	-	-	-	-
At 28 February 2026	379,420	11,974	134,347	525,741
Depreciation
At 01 March 2025	88,420	11,974	122,697	223,091
Charge for year	4,500	-	1,748	6,248
On disposals	-	-	-	-
At 28 February 2026	92,920	11,974	124,445	229,339
Net book values
Closing balance as at 28 February 2026	286,500	-	9,902	296,402
Opening balance as at 01 March 2025	291,000	-	11,650	302,650

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