Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activityfalsetrue2022-06-01false22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09352696 2022-06-01 2023-05-31 09352696 2021-06-01 2022-05-31 09352696 2023-05-31 09352696 2022-05-31 09352696 c:Director1 2022-06-01 2023-05-31 09352696 d:FurnitureFittings 2022-06-01 2023-05-31 09352696 d:FurnitureFittings 2023-05-31 09352696 d:FurnitureFittings 2022-05-31 09352696 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 09352696 d:CurrentFinancialInstruments 2023-05-31 09352696 d:CurrentFinancialInstruments 2022-05-31 09352696 d:Non-currentFinancialInstruments 2023-05-31 09352696 d:Non-currentFinancialInstruments 2022-05-31 09352696 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09352696 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 09352696 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09352696 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 09352696 d:ShareCapital 2023-05-31 09352696 d:ShareCapital 2022-05-31 09352696 d:RetainedEarningsAccumulatedLosses 2023-05-31 09352696 d:RetainedEarningsAccumulatedLosses 2022-05-31 09352696 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 09352696 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 09352696 c:FRS102 2022-06-01 2023-05-31 09352696 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09352696 c:FullAccounts 2022-06-01 2023-05-31 09352696 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09352696 2 2022-06-01 2023-05-31 09352696 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 09352696










LEWIS ALLEN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
LEWIS ALLEN LIMITED
REGISTERED NUMBER: 09352696

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,056
2,956

  
2,056
2,956

Current assets
  

Debtors: amounts falling due within one year
 5 
1,872
1,640

Cash at bank and in hand
 6 
7,363
7,786

  
9,235
9,426

Creditors: amounts falling due within one year
 7 
(15,580)
(11,431)

Net current liabilities
  
 
 
(6,345)
 
 
(2,005)

Total assets less current liabilities
  
(4,289)
951

Creditors: amounts falling due after more than one year
 8 
(17,906)
(20,408)

  

Net liabilities
  
(22,195)
(19,457)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(22,295)
(19,557)

  
(22,195)
(19,457)


Page 1

 
LEWIS ALLEN LIMITED
REGISTERED NUMBER: 09352696

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2024.




A. Westbeech
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LEWIS ALLEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Lewis Allen Limited is a limited company incorporated in England and Wales. The Registered Office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE. The registered number is 09352696.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had net liabilities amounting to £22,195 (2022 - £19,457).
The main creditor for a bank loan had a balance of £20,408 (2022 - £22,773) at the balance sheet date, which is repayable over the next 5 years. The director therefore considers it appropriate to adopt the going concern basis.  

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
LEWIS ALLEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
LEWIS ALLEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
20% Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by 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.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial instruments

Page 5

 
LEWIS ALLEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


Employees

2023
2022
£
£

Wages and salaries
57,284
60,566

Social security costs
1,099
2,833

Cost of defined contribution scheme
459
452

58,842
63,851


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
LEWIS ALLEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 June 2022
29,340



At 31 May 2023

29,340



Depreciation


At 1 June 2022
26,384


Charge for the year on owned assets
900



At 31 May 2023

27,284



Net book value



At 31 May 2023
2,056



At 31 May 2022
2,956


5.


Debtors

2023
2022
£
£


Other debtors
1,542
1,540

Called up share capital not paid
100
100

Prepayments and accrued income
230
-

1,872
1,640



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,363
7,786

7,363
7,786


Page 7

 
LEWIS ALLEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,502
2,365

Other taxation and social security
4,306
4,538

Other creditors
5,399
2,087

Accruals and deferred income
3,373
2,441

15,580
11,431



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,906
20,408

17,906
20,408



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
7,363
7,786




Financial assets measured at fair value through profit or loss comprise cash at bank.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £459 (2022 - £452). Contributions totalling £107 (2022 - £100) were payable to the fund at the balance sheet date and are included in creditors.


Page 8