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REGISTERED NUMBER: 11870245 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Lehmanns Books Limited

Lehmanns Books Limited (Registered number: 11870245)






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


Lehmanns Books Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A C Morgan
Mrs R Morgan





REGISTERED OFFICE: Unit E
Viking Court
Rolling Mill Court
Jarrow
Tyne and Wear
NE32 3DP





REGISTERED NUMBER: 11870245 (England and Wales)





ACCOUNTANTS: Rosenthal & Co
Chartered Accountants
74 Whitehall Road
Gateshead
Tyne and Wear
NE8 4ET

Lehmanns Books Limited (Registered number: 11870245)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 300,000
Tangible assets 5 907,426 829,220
1,207,426 1,129,220

CURRENT ASSETS
Stocks 2,073,881 1,906,415
Debtors 6 696,458 680,061
Cash at bank 30,844 68,187
2,801,183 2,654,663
CREDITORS
Amounts falling due within one year 7 2,558,379 2,153,157
NET CURRENT ASSETS 242,804 501,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,450,230

1,630,726

CREDITORS
Amounts falling due after more than one
year

8

873,740

987,076
NET ASSETS 576,490 643,650

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 344,895 344,895
Retained earnings 231,195 298,355
576,490 643,650

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.

Lehmanns Books Limited (Registered number: 11870245)

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 26 November 2023 and were signed on its behalf by:





A C Morgan - Director


Lehmanns Books Limited (Registered number: 11870245)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Lehmanns Books 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.

Intangible assets - goodwill
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 - 25% on cost, 25% on reducing balance and 15% 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.

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.


Lehmanns Books Limited (Registered number: 11870245)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 300,000
NET BOOK VALUE
At 30 June 2023 300,000
At 30 June 2022 300,000

Lehmanns Books Limited (Registered number: 11870245)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 786,942 123,873 910,815
Additions 71,780 57,140 128,920
At 30 June 2023 858,722 181,013 1,039,735
DEPRECIATION
At 1 July 2022 5,970 75,625 81,595
Charge for year 9,168 41,546 50,714
At 30 June 2023 15,138 117,171 132,309
NET BOOK VALUE
At 30 June 2023 843,584 63,842 907,426
At 30 June 2022 780,972 48,248 829,220

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 582,387 628,148
Other debtors 114,071 51,913
696,458 680,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 1,419,968 1,401,097
Hire purchase contracts - 25,786
Trade creditors 1,057,314 622,965
Taxation and social security 19,731 (4,326 )
Other creditors 61,366 107,635
2,558,379 2,153,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 873,740 987,076