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REGISTERED NUMBER: 06919337 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

FOSTER LEWIS AND CO LTD

FOSTER LEWIS AND CO LTD (REGISTERED NUMBER: 06919337)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOSTER LEWIS AND CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: G Foster





REGISTERED OFFICE: 1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 06919337 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

FOSTER LEWIS AND CO LTD (REGISTERED NUMBER: 06919337)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,627 13,249
Investments 5 500 500
10,127 13,749

CURRENT ASSETS
Stocks 6 1,596 1,680
Debtors 7 22,678 7,540
Cash at bank 6,779 70,366
31,053 79,586
CREDITORS
Amounts falling due within one year 8 35,097 51,968
NET CURRENT (LIABILITIES)/ASSETS (4,044 ) 27,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,083

41,367

CREDITORS
Amounts falling due after more than one
year

9

33,334

38,891
NET (LIABILITIES)/ASSETS (27,251 ) 2,476

CAPITAL AND RESERVES
Called up share capital 301 301
Retained earnings 10 (27,552 ) 2,175
SHAREHOLDERS' FUNDS (27,251 ) 2,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

FOSTER LEWIS AND CO LTD (REGISTERED NUMBER: 06919337)

BALANCE SHEET - continued
31 MAY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





G Foster - Director


FOSTER LEWIS AND CO LTD (REGISTERED NUMBER: 06919337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Foster Lewis And Co Ltd 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.

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 - Depreciated equally over lease period
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on 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 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.

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.

FOSTER LEWIS AND CO LTD (REGISTERED NUMBER: 06919337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 12,953 15,387 17,030 45,370
Additions - 450 374 824
At 31 May 2023 12,953 15,837 17,404 46,194
DEPRECIATION
At 1 June 2022 5,181 10,591 16,349 32,121
Charge for year 2,591 1,049 806 4,446
At 31 May 2023 7,772 11,640 17,155 36,567
NET BOOK VALUE
At 31 May 2023 5,181 4,197 249 9,627
At 31 May 2022 7,772 4,796 681 13,249

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 500
NET BOOK VALUE
At 31 May 2023 500
At 31 May 2022 500

6. STOCKS
2023 2022
£    £   
Stocks 1,596 1,680

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,264 -
Amounts owed by group undertakings - 6,540
Other debtors 17,414 1,000
22,678 7,540

FOSTER LEWIS AND CO LTD (REGISTERED NUMBER: 06919337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,555 5,554
Trade creditors 4,454 3,836
Taxation and social security 20,583 32,441
Other creditors 4,505 10,137
35,097 51,968

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,334 38,891

10. RESERVES
Retained
earnings
£   

At 1 June 2022 2,175
Deficit for the year (29,727 )
At 31 May 2023 (27,552 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is G Foster.