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REGISTERED NUMBER: 04140028




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED

W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr S L Lloyd
Mr M R Lewis





SECRETARY: Mr S L Lloyd





REGISTERED OFFICE: 1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA611SB





REGISTERED NUMBER: 04140028





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)

STATEMENT OF FINANCIAL POSITION
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 260,402 274,673
260,402 274,673

CURRENT ASSETS
Inventories 798,639 687,221
Debtors 6 233,071 181,221
Cash at bank and in hand 22,552 37,029
1,054,262 905,471
CREDITORS
Amounts falling due within one year 7 857,810 754,981
NET CURRENT ASSETS 196,452 150,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,854

425,163

PROVISIONS FOR LIABILITIES 11,233 13,033
NET ASSETS 445,621 412,130

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 445,471 411,980
SHAREHOLDERS' FUNDS 445,621 412,130

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

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

W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)

STATEMENT OF FINANCIAL POSITION - continued
31 January 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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr S L Lloyd - Director


W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

W.P. Lewis & Son (Greenfield Garage) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

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
The balance of goodwill is being amortised over a period of 5 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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Inventories
Inventories 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 statement of financial position date.


W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 150,000
AMORTISATION
At 1 February 2022
and 31 January 2023 150,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 239,864 150,224 36,032 102,005 528,125
Additions - 649 - 310 959
At 31 January 2023 239,864 150,873 36,032 102,315 529,084
DEPRECIATION
At 1 February 2022 33,785 117,933 25,274 76,460 253,452
Charge for year 4,797 4,941 1,614 3,878 15,230
At 31 January 2023 38,582 122,874 26,888 80,338 268,682
NET BOOK VALUE
At 31 January 2023 201,282 27,999 9,144 21,977 260,402
At 31 January 2022 206,079 32,291 10,758 25,545 274,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 143,650 89,845
Other debtors 89,421 91,376
233,071 181,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,112 99,694
Trade creditors 635,984 531,646
Taxation and social security 64,026 30,836
Other creditors 94,688 92,805
857,810 754,981

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 63,112 67,714
Bank loans - 31,980
63,112 99,694

W.P. LEWIS & SON (GREENFIELD GARAGE)
LIMITED (REGISTERED NUMBER: 04140028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits owed to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mrs P V M Lewis
Balance outstanding at start of year (33,555 ) (31,545 )
Amounts repaid (10 ) (2,010 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33,565 ) (33,555 )

Mr S L Lloyd
Balance outstanding at start of year (337 ) (18,891 )
Amounts advanced - 18,554
Amounts repaid (233 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (570 ) (337 )