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REGISTERED NUMBER: 06825126 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

JAMES LEWIS SURVEYORS LTD

JAMES LEWIS SURVEYORS LTD (REGISTERED NUMBER: 06825126)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


JAMES LEWIS SURVEYORS LTD

Company Information
for the year ended 28 February 2023







Directors: J M Lewis
A C Lewis





Secretary: J M Lewis





Registered office: Dassett
Berry Lane
Worplesdon
Surrey
GU22 0RH





Registered number: 06825126 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
James Lewis Surveyors Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James Lewis Surveyors Ltd for the year ended 28 February 2023 which comprise the Statement of Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of James Lewis Surveyors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of James Lewis Surveyors Ltd and state those matters that we have agreed to state to the Board of Directors of James Lewis Surveyors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Lewis Surveyors Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that James Lewis Surveyors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of James Lewis Surveyors Ltd. You consider that James Lewis Surveyors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of James Lewis Surveyors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


21 November 2023

JAMES LEWIS SURVEYORS LTD (REGISTERED NUMBER: 06825126)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 15,954 20,749
Investment property 6 208,654 -
224,608 20,749

Current assets
Debtors 7 196,474 115,906
Investments 8 149,238 156,945
Cash at bank 159,920 345,843
505,632 618,694
Creditors
Amounts falling due within one year 9 103,248 91,769
Net current assets 402,384 526,925
Total assets less current liabilities 626,992 547,674

Provisions for liabilities - 453
Net assets 626,992 547,221

Capital and reserves
Called up share capital 11 100 100
Retained earnings 626,892 547,121
Shareholders' funds 626,992 547,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:



J M Lewis - Director


JAMES LEWIS SURVEYORS LTD (REGISTERED NUMBER: 06825126)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

James Lewis Surveyors 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents invoiced amounts in respect of services provided net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

JAMES LEWIS SURVEYORS LTD (REGISTERED NUMBER: 06825126)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 2 (2022 - 2 ) .

JAMES LEWIS SURVEYORS LTD (REGISTERED NUMBER: 06825126)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Intangible fixed assets
Goodwill
£
Cost
At 1 March 2022
and 28 February 2023 8,000
Amortisation
At 1 March 2022
and 28 February 2023 8,000
Net book value
At 28 February 2023 -
At 28 February 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 March 2022 27,195 59,286 32,368 118,849
Additions - - 523 523
At 28 February 2023 27,195 59,286 32,891 119,372
Depreciation
At 1 March 2022 26,312 46,597 25,191 98,100
Charge for year 221 3,172 1,925 5,318
At 28 February 2023 26,533 49,769 27,116 103,418
Net book value
At 28 February 2023 662 9,517 5,775 15,954
At 28 February 2022 883 12,689 7,177 20,749

6. Investment property
Total
£
Fair value
Additions 208,654
At 28 February 2023 208,654
Net book value
At 28 February 2023 208,654

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 45,495 11,782
Other debtors 150,979 104,124
196,474 115,906

JAMES LEWIS SURVEYORS LTD (REGISTERED NUMBER: 06825126)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


8. Current asset investments
2023 2022
£ £
Listed investments 149,238 156,945

9. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation and social security 77,533 72,189
Other creditors 25,715 19,580
103,248 91,769

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 6,467 -
Between one and five years 18,862 -
25,329 -

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

12. Related party disclosures

At the year end date the company was owed £85,432 (2022 £38,732) by the directors. This amount is repayable on demand and subject to an interest charge at the beneficial rate.