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REGISTERED NUMBER: 08863666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Ray Lewis Electrical Contractors Limited

Ray Lewis Electrical Contractors Limited (Registered number: 08863666)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


Ray Lewis Electrical Contractors Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: R A Lewis





REGISTERED OFFICE: 20 Dickens Lane
Upper Edmonton
London
N18 1PH





REGISTERED NUMBER: 08863666 (England and Wales)





ACCOUNTANTS: Professional Accountancy Services Ltd
12 Wood Drive
Stevenage
Hertfordshire
SG2 8PA

Ray Lewis Electrical Contractors Limited (Registered number: 08863666)

Abridged Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 840 1,540
Tangible assets 5 10,557 12,250
11,397 13,790

CURRENT ASSETS
Debtors 12,416 12,623
Cash at bank 159 1,797
12,575 14,420
CREDITORS
Amounts falling due within one year 19,573 16,116
NET CURRENT LIABILITIES (6,998 ) (1,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,399

12,094

CREDITORS
Amounts falling due after more than one
year

(292

)

(3,500

)

PROVISIONS FOR LIABILITIES 6 (2,005 ) (2,387 )
NET ASSETS 2,102 6,207

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,002 6,107
SHAREHOLDERS' FUNDS 2,102 6,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Ray Lewis Electrical Contractors Limited (Registered number: 08863666)

Abridged Balance Sheet - continued
31 March 2022


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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

Ray Lewis Electrical Contractors Limited (Registered number: 08863666)

Abridged Balance Sheet - continued
31 March 2022



The financial statements were approved by the director and authorised for issue on 9 July 2022 and were signed by:





R A Lewis - Director


Ray Lewis Electrical Contractors Limited (Registered number: 08863666)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Ray Lewis Electrical Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
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.

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% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Ray Lewis Electrical Contractors Limited (Registered number: 08863666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021
and 31 March 2022 7,000
AMORTISATION
At 1 April 2021 5,460
Amortisation for year 700
At 31 March 2022 6,160
NET BOOK VALUE

At 31 March 2022 840
At 31 March 2021 1,540

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021 22,023
Additions 1,635
At 31 March 2022 23,658
DEPRECIATION
At 1 April 2021 9,773
Charge for year 3,328
At 31 March 2022 13,101
NET BOOK VALUE
At 31 March 2022 10,557
At 31 March 2021 12,250

Ray Lewis Electrical Contractors Limited (Registered number: 08863666)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 April 2021
and 31 March 2022 20,000
DEPRECIATION
At 1 April 2021 8,984
Charge for year 2,754
At 31 March 2022 11,738
NET BOOK VALUE
At 31 March 2022 8,262
At 31 March 2021 11,016

6. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax
Accelerated capital allowances 2,005 2,387

Deferred
tax
£   
Balance at 1 April 2021 2,387
Provided during year (382 )
Balance at 31 March 2022 2,005

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Lewis.