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REGISTERED NUMBER: 05522617 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

LOMAS & GARNER LIMITED

LOMAS & GARNER LIMITED (REGISTERED NUMBER: 05522617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOMAS & GARNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: I G Hunt
Mrs L E McColl
R J G Hunt





SECRETARY: Mrs L E McColl





REGISTERED OFFICE: 5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR





REGISTERED NUMBER: 05522617 (England and Wales)





ACCOUNTANTS: Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

LOMAS & GARNER LIMITED (REGISTERED NUMBER: 05522617)

BALANCE SHEET
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,263 5,848
5,263 5,848

CURRENT ASSETS
Stocks 24,371 66,099
Debtors 6 451,031 477,701
Cash at bank 563,923 486,357
1,039,325 1,030,157
CREDITORS
Amounts falling due within one year 7 180,494 167,029
NET CURRENT ASSETS 858,831 863,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

864,094

868,976

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 863,994 868,876
SHAREHOLDERS' FUNDS 864,094 868,976

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

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

LOMAS & GARNER LIMITED (REGISTERED NUMBER: 05522617)

BALANCE SHEET - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th November 2023 and were signed on its behalf by:





I G Hunt - Director


LOMAS & GARNER LIMITED (REGISTERED NUMBER: 05522617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Lomas & Garner 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.

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.

Goodwill
Goodwill represents the amount paid for the acquisition of the business in 2006 and has been fully amortised.

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.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 4 (2022 - 3 ) .

LOMAS & GARNER LIMITED (REGISTERED NUMBER: 05522617)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 180,000
AMORTISATION
At 1st May 2022
and 30th April 2023 180,000
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022
and 30th April 2023 13,679
DEPRECIATION
At 1st May 2022 7,831
Charge for year 585
At 30th April 2023 8,416
NET BOOK VALUE
At 30th April 2023 5,263
At 30th April 2022 5,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 154,684 209,799
Other debtors 296,347 267,902
451,031 477,701

LOMAS & GARNER LIMITED (REGISTERED NUMBER: 05522617)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 143,780 109,915
Taxation and social security 23,799 47,437
Other creditors 12,915 9,677
180,494 167,029

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2023 and 30th April 2022:

30.4.23 30.4.22
£    £   
Mrs L E McColl
Balance outstanding at start of year 200,000 400,000
Amounts repaid - (200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,000 200,000

R J G Hunt
Balance outstanding at start of year - -
Amounts advanced 34,000 -
Amounts repaid (4,187 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,813 -

The advances are interest free.