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

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


IRIS Accounts Productionv18.2.1.6209309281Board of Directors1.12.1630.11.1730.11.17falsetruefalsefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure093092812016-11-30093092812017-11-30093092812016-12-012017-11-30093092812015-11-30093092812015-12-012016-11-30093092812016-11-3009309281ns15:EnglandWales2016-12-012017-11-3009309281ns14:PoundSterling2016-12-012017-11-3009309281ns10:Director12016-12-012017-11-3009309281ns10:PrivateLimitedCompanyLtd2016-12-012017-11-3009309281ns10:SmallEntities2016-12-012017-11-3009309281ns10:AuditExempt-NoAccountantsReport2016-12-012017-11-3009309281ns10:SmallCompaniesRegimeForDirectorsReport2016-12-012017-11-3009309281ns10:SmallCompaniesRegimeForAccounts2016-12-012017-11-3009309281ns10:FullAccounts2016-12-012017-11-300930928112016-12-012017-11-3009309281ns10:OrdinaryShareClass12016-12-012017-11-3009309281ns10:Director22016-12-012017-11-3009309281ns10:RegisteredOffice2016-12-012017-11-3009309281ns5:CurrentFinancialInstruments2017-11-3009309281ns5:CurrentFinancialInstruments2016-11-3009309281ns5:Non-currentFinancialInstruments2017-11-3009309281ns5:Non-currentFinancialInstruments2016-11-3009309281ns5:ShareCapital2017-11-3009309281ns5:ShareCapital2016-11-3009309281ns5:RetainedEarningsAccumulatedLosses2017-11-3009309281ns5:RetainedEarningsAccumulatedLosses2016-11-3009309281ns5:NetGoodwill2016-12-012017-11-3009309281ns5:IntangibleAssetsOtherThanGoodwill2016-12-012017-11-3009309281ns5:PlantMachinery2016-12-012017-11-3009309281ns5:FurnitureFittings2016-12-012017-11-3009309281ns5:MotorVehicles2016-12-012017-11-3009309281ns5:ComputerEquipment2016-12-012017-11-3009309281ns5:NetGoodwill2016-11-3009309281ns5:IntangibleAssetsOtherThanGoodwill2016-11-3009309281ns5:NetGoodwill2017-11-3009309281ns5:IntangibleAssetsOtherThanGoodwill2017-11-3009309281ns5:NetGoodwill2016-11-3009309281ns5:IntangibleAssetsOtherThanGoodwill2016-11-3009309281ns5:PlantMachinery2016-11-3009309281ns5:FurnitureFittings2016-11-3009309281ns5:MotorVehicles2016-11-3009309281ns5:ComputerEquipment2016-11-3009309281ns5:PlantMachinery2017-11-3009309281ns5:FurnitureFittings2017-11-3009309281ns5:MotorVehicles2017-11-3009309281ns5:ComputerEquipment2017-11-3009309281ns5:PlantMachinery2016-11-3009309281ns5:FurnitureFittings2016-11-3009309281ns5:MotorVehicles2016-11-3009309281ns5:ComputerEquipment2016-11-3009309281ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2016-11-3009309281ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-11-3009309281ns5:LeasedAssetsHeldAsLessee2016-11-3009309281ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2016-12-012017-11-3009309281ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-12-012017-11-3009309281ns5:LeasedAssetsHeldAsLessee2016-12-012017-11-3009309281ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2017-11-3009309281ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-11-3009309281ns5:LeasedAssetsHeldAsLessee2017-11-3009309281ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2016-11-3009309281ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-11-3009309281ns5:LeasedAssetsHeldAsLessee2016-11-3009309281ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-11-3009309281ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-11-3009309281ns10:OrdinaryShareClass12017-11-30


REGISTERED NUMBER: 09309281(England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

LEE ATKINS LIMITED

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEE ATKINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2017







DIRECTORS: 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 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,889 12,432
Property, plant and equipment 5 150,578 106,785
175,467 119,217

CURRENT ASSETS
Inventories 25,093 20,141
Debtors 6 284,047 197,081
Cash at bank and in hand 23,778 34,735
332,918 251,957
CREDITORS
Amounts falling due within one year 7 208,927 205,480
NET CURRENT ASSETS 123,991 46,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,458

165,694

CREDITORS
Amounts falling due after more than one year 8 (51,521 ) (27,766 )

PROVISIONS FOR LIABILITIES (30,100 ) (5,600 )
NET ASSETS 217,837 132,328

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 217,737 132,228
SHAREHOLDERS' FUNDS 217,837 132,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 2017


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 17 August 2018and were signed on its behalf by:





L J Atkins- Director


LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 December 2015.

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.

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

2. ACCOUNTING POLICIES - continued

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(2016 - 8) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2016 29,344 - 29,344
Additions 14,687 12,500 27,187
At 30 November 2017 44,031 12,500 56,531
AMORTISATION
At 1 December 2016 16,912 - 16,912
Charge for year 12,230 2,500 14,730
At 30 November 2017 29,142 2,500 31,642
NET BOOK VALUE
At 30 November 2017 14,889 10,000 24,889
At 30 November 2016 12,432 - 12,432

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2016 20,826 797 129,892 6,271 157,786
Additions 5,000 - 71,839 937 77,776
Disposals (1,626 ) - (1,500 ) - (3,126 )
At 30 November 2017 24,200 797 200,231 7,208 232,436
DEPRECIATION
At 1 December 2016 7,497 287 40,103 3,114 51,001
Charge for year 3,125 102 26,885 1,630 31,742
Eliminated on disposal (585 ) - (300 ) - (885 )
At 30 November 2017 10,037 389 66,688 4,744 81,858
NET BOOK VALUE
At 30 November 2017 14,163 408 133,543 2,464 150,578
At 30 November 2016 13,329 510 89,789 3,157 106,785

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 2016 19,200 111,070 130,270
Additions - 67,506 67,506
At 30 November 2017 19,200 178,576 197,776
DEPRECIATION
At 1 December 2016 6,912 33,751 40,663
Charge for year 2,458 24,465 26,923
At 30 November 2017 9,370 58,216 67,586
NET BOOK VALUE
At 30 November 2017 9,830 120,360 130,190
At 30 November 2016 12,288 77,319 89,607

LEE ATKINS LIMITED (REGISTERED NUMBER: 09309281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 209,221 196,019
Other debtors 74,826 1,062
284,047 197,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 31,934 38,554
Trade creditors 82,387 93,462
Taxation and social security 53,532 57,465
Other creditors 41,074 15,999
208,927 205,480

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts 51,521 27,766

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £50,353 due from directors. Interest has been charged at the official rate.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L J Atkins.