IRIS Accounts Production v23.2.0.158 05456426 Board of Directors 1.5.22 30.4.23 30.4.23 22/11/2023 false true false false true false Auditors Opinion Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure054564262022-04-30054564262023-04-30054564262022-05-012023-04-30054564262021-04-30054564262021-05-012022-04-30054564262022-04-3005456426ns16:EnglandWales2022-05-012023-04-3005456426ns15:PoundSterling2022-05-012023-04-3005456426ns11:Director12022-05-012023-04-3005456426ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3005456426ns11:SmallEntities2022-05-012023-04-3005456426ns11:Audited2022-05-012023-04-3005456426ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3005456426ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3005456426ns11:FullAccounts2022-05-012023-04-3005456426ns11:OrdinaryShareClass12022-05-012023-04-3005456426ns11:Director22022-05-012023-04-3005456426ns11:Director32022-05-012023-04-3005456426ns11:CompanySecretary12022-05-012023-04-3005456426ns11:RegisteredOffice2022-05-012023-04-3005456426ns6:CurrentFinancialInstruments2023-04-3005456426ns6:CurrentFinancialInstruments2022-04-3005456426ns6:ShareCapital2023-04-3005456426ns6:ShareCapital2022-04-3005456426ns6:CapitalRedemptionReserve2023-04-3005456426ns6:CapitalRedemptionReserve2022-04-3005456426ns6:RetainedEarningsAccumulatedLosses2023-04-3005456426ns6:RetainedEarningsAccumulatedLosses2022-04-3005456426ns6:PlantMachinery2022-05-012023-04-3005456426ns6:MotorVehicles2022-05-012023-04-3005456426ns6:PlantMachinery2022-04-3005456426ns6:MotorVehicles2022-04-3005456426ns6:PlantMachinery2023-04-3005456426ns6:MotorVehicles2023-04-3005456426ns6:PlantMachinery2022-04-3005456426ns6:MotorVehicles2022-04-3005456426ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3005456426ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3005456426ns6:DeferredTaxation2022-04-3005456426ns6:DeferredTaxation2022-05-012023-04-3005456426ns6:DeferredTaxation2023-04-3005456426ns11:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: 05456426 (England and Wales)

















Audited Financial Statements

For The Year Ended 30 April 2023

for

J Lewis (Auto Electrical) Limited

J Lewis (Auto Electrical) Limited (Registered number: 05456426)

Contents of the Financial Statements
For The Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


J Lewis (Auto Electrical) Limited

Company Information
For The Year Ended 30 April 2023







DIRECTORS: Mr J C King
Mr M King
Mr T King





SECRETARY: Mrs D Barnwell





REGISTERED OFFICE: Unit 21 Impresa Park
Pindar Road
Hoddesdon
Hertfordshire
EN11 0DL





REGISTERED NUMBER: 05456426 (England and Wales)





AUDITORS: Giess Wallis Crisp LLP
Registered Auditor
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

J Lewis (Auto Electrical) Limited (Registered number: 05456426)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 142,154 99,209

CURRENT ASSETS
Stocks 177,563 194,003
Debtors 6 437,971 316,849
Cash at bank and in hand 460,215 413,973
1,075,749 924,825
CREDITORS
Amounts falling due within one year 7 553,206 347,129
NET CURRENT ASSETS 522,543 577,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

664,697

676,905

PROVISIONS FOR LIABILITIES 8 35,538 18,850
NET ASSETS 629,159 658,055

CAPITAL AND RESERVES
Called up share capital 9 75 75
Capital redemption reserve 25 25
Retained earnings 629,059 657,955
SHAREHOLDERS' FUNDS 629,159 658,055

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 22 November 2023 and were signed on its behalf by:





Mr J C King - Director


J Lewis (Auto Electrical) Limited (Registered number: 05456426)

Notes to the Financial Statements
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

J Lewis (Auto Electrical) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The entity recognises revenue (the rendering of services) by reference to the stage of completion of the transaction at the end of the reporting period. The outcome of a transaction can be estimated reliably when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;
- It is probable that the economic benefits associated with the transaction will flow to the entity;
-The stage of completion of the transaction at the end of the reporting period can be measured reliably; and
-The costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

J Lewis (Auto Electrical) Limited (Registered number: 05456426)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023


3. ACCOUNTING POLICIES - continued

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Recognition and impairment of tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

The entity reviews the carrying value's of its tangible fixed assets at each reporting date, to determine wether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the estimated recoverable value of the asset is used to determine the extent of the impairment loss (if any).

Stocks
Stocks are valued at cost, derived from, the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


J Lewis (Auto Electrical) Limited (Registered number: 05456426)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 59,225 152,071 211,296
Additions - 71,470 71,470
At 30 April 2023 59,225 223,541 282,766
DEPRECIATION
At 1 May 2022 55,191 56,896 112,087
Charge for year 1,009 27,516 28,525
At 30 April 2023 56,200 84,412 140,612
NET BOOK VALUE
At 30 April 2023 3,025 139,129 142,154
At 30 April 2022 4,034 95,175 99,209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 362,578 254,791
Other debtors 75,393 62,058
437,971 316,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 424,525 185,151
Amounts owed to group undertakings 1,694 1,694
Taxation and social security 91,155 106,919
Other creditors 35,832 53,365
553,206 347,129

J Lewis (Auto Electrical) Limited (Registered number: 05456426)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 35,538 18,850

Deferred
tax
£   
Balance at 1 May 2022 18,850
Charge to Statement of Income and Retained Earnings during year 16,688
Balance at 30 April 2023 35,538

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
75 Ordinary Shares £1 75 75

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laurence Miles FCA (Senior Statutory Auditor)
for and on behalf of Giess Wallis Crisp LLP

11. ULTIMATE PARENT COMPANY

PSV Holdings Limited, a company registered at unit 21, Impressa Park, Pindar Road, Hoddesdon, Hertfordshire, EN11 0DL, heads the smallest group for which consolidated accounts are prepared.