Lee Atkins Limited - Accounts to registrar (filleted) - small 18.2

Lee Atkins Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09309281(England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

LEE ATKINS LIMITED

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEE ATKINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2018







DIRECTORS: Mr L J Atkins
Mrs M V Atkins





REGISTERED OFFICE: Unit 4F
Racemeadow Road
Carlyon Road Industrial Estate
Atherstone
Warwickshire
CV9 1LJ





REGISTERED NUMBER: 09309281(England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

BALANCE SHEET
30 NOVEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,844 24,889
Property, plant and equipment 5 181,961 150,578
196,805 175,467

CURRENT ASSETS
Inventories 33,504 25,093
Debtors 6 340,711 284,047
Cash at bank and in hand 20,882 23,778
395,097 332,918
CREDITORS
Amounts falling due within one year 7 244,917 208,927
NET CURRENT ASSETS 150,180 123,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,985

299,458

CREDITORS
Amounts falling due after more than one
year

8

(71,166

)

(51,521

)

PROVISIONS FOR LIABILITIES (39,566 ) (30,100 )
NET ASSETS 236,253 217,837

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 236,153 217,737
SHAREHOLDERS' FUNDS 236,253 217,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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.

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

BALANCE SHEET - continued
30 NOVEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 29 August 2019and were signed on its behalf by:





Mr L J Atkins- Director


LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018

1. STATUTORY INFORMATION

Lee Atkins 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.

The significant accounting policies applied in the preparation of the financial statements are set out below.
These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the
period, excluding value added tax.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Franchise fee
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of 5 years.

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.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 33% reducing balance

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

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

The average number of employees during the year was 8(2017 - 8) .

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2017
and 30 November 2018 44,031 12,500 56,531
AMORTISATION
At 1 December 2017 29,142 2,500 31,642
Charge for year 7,545 2,500 10,045
At 30 November 2018 36,687 5,000 41,687
NET BOOK VALUE
At 30 November 2018 7,344 7,500 14,844
At 30 November 2017 14,889 10,000 24,889

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2017 24,200 797 200,231 7,208 232,436
Additions - - 68,712 3,011 71,723
Disposals - - (9,000 ) - (9,000 )
At 30 November 2018 24,200 797 259,943 10,219 295,159
DEPRECIATION
At 1 December 2017 10,037 389 66,688 4,744 81,858
Charge for year 2,832 82 31,503 1,315 35,732
Eliminated on disposal - - (4,392 ) - (4,392 )
At 30 November 2018 12,869 471 93,799 6,059 113,198
NET BOOK VALUE
At 30 November 2018 11,331 326 166,144 4,160 181,961
At 30 November 2017 14,163 408 133,543 2,464 150,578

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2017 19,200 178,576 197,776
Additions - 68,383 68,383
At 30 November 2018 19,200 246,959 266,159
DEPRECIATION
At 1 December 2017 9,370 58,216 67,586
Charge for year 1,966 29,770 31,736
At 30 November 2018 11,336 87,986 99,322
NET BOOK VALUE
At 30 November 2018 7,864 158,973 166,837
At 30 November 2017 9,830 120,360 130,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 278,650 209,221
Other debtors 62,061 74,826
340,711 284,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 40,428 31,934
Trade creditors 122,263 82,387
Taxation and social security 50,960 53,532
Other creditors 31,266 41,074
244,917 208,927

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 71,166 51,521

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2018

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £80,981 due from directors. Interest has been charged at the official
rate.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L J Atkins.