LEJ Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC261668 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

LEJ Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

F J Esposito

SECRETARY:

F Mudie

REGISTERED OFFICE:

61 Lorne Street

Dundee

DD2 3HE

REGISTERED NUMBER:

SC261668 (Scotland)

ACCOUNTANTS:

HMR Consulting Limited

492A Perth Road

Dundee

DD2 1LR

CURRENT ASSETS

Stocks

511,895

505,884

Debtors

4

786

70

Cash at bank

7,091

10,064

519,772

516,018

CREDITORS

Amounts falling due within one year

5

128,233

122,211

NET CURRENT ASSETS

391,539

393,807

TOTAL ASSETS LESS CURRENT LIABILITIES

391,539

393,807

CAPITAL AND RESERVES

Called up share capital

6

6

6

Retained earnings

391,533

393,801

SHAREHOLDERS' FUNDS

391,539

393,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 25 March 2021 and were signed by:

F J Esposito - Director

1.	STATUTORY INFORMATION

LEJ Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Other debtors

786

70

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

7,115

-

Amounts owed to group undertakings

121,068

121,068

Other creditors

50

1,143

128,233

122,211

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.20

30.6.19

value:

£

£

6

Ordinary shares

£1

6

6

7.	ULTIMATE PARENT UNDERTAKING