REGISTERED NUMBER: 03684278 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Lomas and Company Accountants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P J Lomas

SECRETARY:

Mrs T A Lomas

REGISTERED OFFICE:

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

REGISTERED NUMBER:

03684278 (England and Wales)

ACCOUNTANTS:

Lomas and Company Accountants Limited

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

FIXED ASSETS

Intangible assets

4

340,873

389,569

Tangible assets

5

31,070

23,341

371,943

412,910

CURRENT ASSETS

Debtors

6

239,905

191,607

Cash at bank and in hand

189,003

210,331

428,908

401,938

CREDITORS

Amounts falling due within one year

7

342,536

358,461

NET CURRENT ASSETS

86,372

43,477

TOTAL ASSETS LESS CURRENT LIABILITIES

458,315

456,387

CREDITORS

Amounts falling due after more than one year

8

(77,500

)

(107,500

)

PROVISIONS FOR LIABILITIES

(7,768

)

(4,156

)

NET ASSETS

373,047

344,731

CAPITAL AND RESERVES

Called up share capital

1,775

1,775

Retained earnings

371,272

342,956

SHAREHOLDERS' FUNDS

373,047

344,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2023 and were signed by:

P J Lomas - Director

1.	STATUTORY INFORMATION

Lomas and Company Accountants 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.

Turnover

Turnover represents services performed during the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Hire purchase and leasing commitments

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 AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2022

and 30 June 2023

973,923

AMORTISATION

At 1 July 2022

584,354

Charge for year

48,696

At 30 June 2023

633,050

NET BOOK VALUE

At 30 June 2023

340,873

At 30 June 2022

389,569

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2022

15,749

24,617

57,883

98,249

Additions

633

-

19,907

20,540

Disposals

-

(24,142

)

-

(24,142

)

At 30 June 2023

16,382

475

77,790

94,647

DEPRECIATION

At 1 July 2022

14,180

18,532

42,196

74,908

Charge for year

198

119

6,884

7,201

Eliminated on disposal

-

(18,532

)

-

(18,532

)

At 30 June 2023

14,378

119

49,080

63,577

NET BOOK VALUE

At 30 June 2023

2,004

356

28,710

31,070

At 30 June 2022

1,569

6,085

15,687

23,341

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

147,855

104,963

Other debtors

92,050

86,644

239,905

191,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

30,000

30,000

Trade creditors

(1

)

-

Taxation and social security

156,512

145,820

Other creditors

156,025

182,641

342,536

358,461

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans

77,500

107,500

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Lomas.

The ultimate controlling party is P J Lomas.

The company is under the control or Mr P Lomas, by virtue of him holding the majority of the issued share capital.