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Company Registration No. 03707482 (England and Wales)
Lester Associates Limited Unaudited accounts for the year ended 31 December 2022
Lester Associates Limited Unaudited accounts Contents
Page
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Lester Associates Limited Company Information for the year ended 31 December 2022
Director
Spencer Kendrick
Secretary
Judith Cruz
Company Number
03707482 (England and Wales)
Registered Office
105 Palewell Park London SW14 8JJ United Kingdom
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Lester Associates Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
539 
1,317 
Current assets
Debtors
78,809 
141,151 
Cash at bank and in hand
80,868 
220,186 
159,677 
361,337 
Creditors: amounts falling due within one year
(110,166)
(305,835)
Net current assets
49,511 
55,502 
Total assets less current liabilities
50,050 
56,819 
Creditors: amounts falling due after more than one year
(20,000)
(28,000)
Net assets
30,050 
28,819 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,950 
28,719 
Shareholders' funds
30,050 
28,819 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Spencer Kendrick Director Company Registration No. 03707482
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Lester Associates Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Lester Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 03707482. The registered office is 105 Palewell Park, London, SW14 8JJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.3% Straight Line Method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
2,030 
11,602 
13,632 
At 31 December 2022
2,030 
11,602 
13,632 
Depreciation
At 1 January 2022
2,030 
10,285 
12,315 
Charge for the year
- 
778 
778 
At 31 December 2022
2,030 
11,063 
13,093 
Net book value
At 31 December 2022
- 
539 
539 
At 31 December 2021
- 
1,317 
1,317 
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Lester Associates Limited Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,575 
40,331 
Amounts due from group undertakings etc.
18,000 
18,000 
Accrued income and prepayments
4,216 
6,916 
Other debtors
28,018 
75,904 
78,809 
141,151 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
8,605 
5,302 
Trade creditors
2,298 
10,229 
Taxes and social security
6,023 
10,793 
Other creditors
81,990 
268,261 
Accruals
3,250 
3,250 
110,166 
305,835 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
20,000 
28,000 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year the company entered into the following transactions with related parties: LS Engage Ltd: During the year the company charged £75,000 (2021 £42,000) to LS Engage Ltd for administrative services, a company in which S Kendrick is a director. The amount due from LS Engage Ltd at the end of the year was £18,000 (2021 £18,000).
10
Controlling party
The company is wholly owned by Lesters Consulting Limited, registered No. 08886016, registered office address and place of business: 105 Palewell Park, London SW14 8JJ
11
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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