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REGISTERED NUMBER: 03139231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

LEWIS AND WOOD LIMITED

LEWIS AND WOOD LIMITED (REGISTERED NUMBER: 03139231)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEWIS AND WOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: S D Lewis
C J Harvie
Ms M M Jebb





REGISTERED OFFICE: Woodchester Mill Selsley Road
North Woodchester
Stroud
Gloucestershire
GL5 5NN





REGISTERED NUMBER: 03139231 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

LEWIS AND WOOD LIMITED (REGISTERED NUMBER: 03139231)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,502 144,031

CURRENT ASSETS
Stocks 570,556 632,412
Debtors 5 303,530 269,957
Cash at bank 749,443 1,180,391
1,623,529 2,082,760
CREDITORS
Amounts falling due within one year 6 872,414 1,030,842
NET CURRENT ASSETS 751,115 1,051,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,617

1,195,949

PROVISIONS FOR LIABILITIES 12,478 -
NET ASSETS 1,002,139 1,195,949

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,002,137 1,195,947
SHAREHOLDERS' FUNDS 1,002,139 1,195,949

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 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.

LEWIS AND WOOD LIMITED (REGISTERED NUMBER: 03139231)

BALANCE SHEET - continued
30 JUNE 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 23 October 2023 and were signed on its behalf by:





S D Lewis - Director


LEWIS AND WOOD LIMITED (REGISTERED NUMBER: 03139231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Lewis And Wood 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 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.
Plant and machinery etc - 33% on cost, 25% on cost and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

LEWIS AND WOOD LIMITED (REGISTERED NUMBER: 03139231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 184,942 451,757 636,699
Additions 12,785 178,728 191,513
Disposals - (56,360 ) (56,360 )
At 30 June 2023 197,727 574,125 771,852
DEPRECIATION
At 1 July 2022 82,227 410,441 492,668
Charge for year 25,143 43,529 68,672
Eliminated on disposal - (52,990 ) (52,990 )
At 30 June 2023 107,370 400,980 508,350
NET BOOK VALUE
At 30 June 2023 90,357 173,145 263,502
At 30 June 2022 102,715 41,316 144,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 114,906 95,544
Amounts owed by group undertakings 53,923 65,059
Other debtors 134,701 109,354
303,530 269,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 368,427 234,626
Taxation and social security 192,271 419,536
Other creditors 311,716 376,680
872,414 1,030,842

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 178,409 199,600
Between one and five years 320,000 368,400
498,409 568,000

LEWIS AND WOOD LIMITED (REGISTERED NUMBER: 03139231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. RELATED PARTY DISCLOSURES

The entire share capital of the company is owned by Lewis and Wood (Holdings) Ltd.

The company is under the control of a director, S D Lewis, who owns 61.9% (2022 - 61.9%) of the issued share capital of the holding company. During the year to 30th June 2023 the company paid a dividend of £1,300,000 (2022 - £1,630,776) to Lewis and Wood (Holdings) Ltd.