Lees Industrial Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04921820 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

LEES INDUSTRIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr K Lees

Mrs K D Lees

Registered office:

Unit 11

Haydock Lane

Haydock Industrial Estate

St. Helens

Merseyside

WA11 9UY

Registered number:

04921820 (England and Wales)

Accountants:

NRB

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Intangible assets

4

2,736

867

Tangible assets

5

39,987

45,985

Investments

6

60,000

60,000

102,723

106,852

CURRENT ASSETS

Stocks

8,500

6,000

Debtors

7

27,893

31,611

Cash at bank

17,272

29,840

53,665

67,451

CREDITORS

Amounts falling due within one year

8

144,478

127,253

NET CURRENT LIABILITIES

(90,813

)

(59,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,910

47,050

PROVISIONS FOR LIABILITIES

10

6,620

7,545

NET ASSETS

5,290

39,505

CAPITAL AND RESERVES

Called up share capital

11

400

400

Capital redemption reserve

200

200

Retained earnings

4,690

38,905

SHAREHOLDERS' FUNDS

5,290

39,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

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 20 January 2023 and were signed on its behalf by:

Mrs K D Lees - Director

1.	STATUTORY INFORMATION

Lees Industrial Services 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.

Patents and licences

Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over the life of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

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

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

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

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 May 2021

1,734

Additions

2,257

At 30 April 2022

3,991

AMORTISATION

At 1 May 2021

867

Amortisation for year

388

At 30 April 2022

1,255

NET BOOK VALUE

At 30 April 2022

2,736

At 30 April 2021

867

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2021

8,355

106,776

21,654

144,333

281,118

Additions

-

-

2,706

-

2,706

At 30 April 2022

8,355

106,776

24,360

144,333

283,824

DEPRECIATION

At 1 May 2021

2,554

86,909

20,037

125,633

235,133

Charge for year

532

2,980

517

4,675

8,704

At 30 April 2022

3,086

89,889

20,554

130,308

243,837

NET BOOK VALUE

At 30 April 2022

5,269

16,887

3,806

14,025

39,987

At 30 April 2021

5,801

19,867

1,617

18,700

45,985

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 May 2021

and 30 April 2022

60,000

NET BOOK VALUE

At 30 April 2022

60,000

At 30 April 2021

60,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

21,372

21,550

Other debtors

6,521

10,061

27,893

31,611

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

9,997

65,026

Amounts owed to connected parties

33,689

33,695

Taxation and social security

9,954

3,233

Other creditors

90,838

25,299

144,478

127,253

9.	SECURED DEBTS

Hire purchases liabilities are secured against the asset to which they relate.

10.	PROVISIONS FOR LIABILITIES

30.4.22

30.4.21

£

£

Deferred tax

Accelerated capital allowances

6,620

7,545

Deferred

tax

£

Balance at 1 May 2021

7,545

Utilised during year

(925

)

Balance at 30 April 2022

6,620

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

400

Ordinary

£1

400

400