Lee Hill Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01811184 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

Lee Hill Construction Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Allinson

A Allinson

Mrs R Allinson

M Allinson

N Allinson

SECRETARY:

Mrs R Allinson

REGISTERED OFFICE:

Camp Hill Close

Ripon

North Yorkshire

HG4 1QY

REGISTERED NUMBER:

01811184 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

Lishman Chambers

12 Princes Square

Harrogate

North Yorkshire

HG1 1LY

FIXED ASSETS

Tangible assets

4

445,790

491,513

CURRENT ASSETS

Stocks

1,054,405

1,357,656

Debtors

531,765

103,621

Cash at bank

621,653

421,478

2,207,823

1,882,755

CREDITORS

Amounts falling due within one year

681,932

441,098

NET CURRENT ASSETS

1,525,891

1,441,657

TOTAL ASSETS LESS CURRENT LIABILITIES

1,971,681

1,933,170

CREDITORS

Amounts falling due after more than one year

(300,575

)

(343,212

)

PROVISIONS FOR LIABILITIES

5

(84,700

)

(93,387

)

NET ASSETS

1,586,406

1,496,571

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

7

1,585,406

1,495,571

SHAREHOLDERS' FUNDS

1,586,406

1,496,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2022 and were signed on its behalf by:

D Allinson - Director

1.	STATUTORY INFORMATION

Lee Hill Construction Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2020 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

1,808,377

Additions

56,800

Disposals

(45,900

)

At 31 August 2021

1,819,277

DEPRECIATION

At 1 September 2020

1,316,864

Charge for year

87,844

Eliminated on disposal

(31,221

)

At 31 August 2021

1,373,487

NET BOOK VALUE

At 31 August 2021

445,790

At 31 August 2020

491,513

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 September 2020

325,224

Additions

54,300

Reclassification/transfer

(139,512

)

At 31 August 2021

240,012

DEPRECIATION

At 1 September 2020

131,733

Charge for year

29,725

Reclassification/transfer

(67,037

)

At 31 August 2021

94,421

NET BOOK VALUE

At 31 August 2021

145,591

At 31 August 2020

193,491

5.	PROVISIONS FOR LIABILITIES

31.8.21

31.8.20

£

£

Deferred tax

Accelerated Capital Allowances

84,700

93,387

Deferred

tax

£

Balance at 1 September 2020

93,387

Credit to Statement of Income and Retained Earnings during year

(8,687

)

Balance at 31 August 2021

84,700

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.21

31.8.20

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

RESERVES

Retained

earnings

£

At 1 September 2020

1,495,571

Profit for the year

89,835

At 31 August 2021

1,585,406