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REGISTERED NUMBER: 08648152 (England and Wales)
















Financial Statements

for the Year Ended 31 August 2023

for

R K Lewis Transport Limited

R K Lewis Transport Limited (Registered number: 08648152)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


R K Lewis Transport Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R A Lewis





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 08648152 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

R K Lewis Transport Limited

Report of the Accountants to the Director of
R K Lewis Transport Limited


The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 and the related notes from the company's accounting records and from information and explanations you have given us.

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

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


9 February 2024

R K Lewis Transport Limited (Registered number: 08648152)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,589 92,281

CURRENT ASSETS
Debtors 5 5,274 6,430
Cash at bank 5,594 9,994
10,868 16,424
CREDITORS
Amounts falling due within one year 6 168,609 138,820
NET CURRENT LIABILITIES (157,741 ) (122,396 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,152

)

(30,115

)

CREDITORS
Amounts falling due after more than
one year

7

(32,867

)

(55,570

)

PROVISIONS FOR LIABILITIES - (8,033 )
NET LIABILITIES (134,019 ) (93,718 )

R K Lewis Transport Limited (Registered number: 08648152)

Balance Sheet - continued
31 August 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (134,119 ) (93,818 )
SHAREHOLDERS' FUNDS (134,019 ) (93,718 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





R A Lewis - Director


R K Lewis Transport Limited (Registered number: 08648152)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

R K Lewis Transport 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 represents amount invoiced in respect of work carried out, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

R K Lewis Transport Limited (Registered number: 08648152)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Going concern
The company is reliant on the continued support of the director in order to continue operations. There is no indication that this support will be withdrawn, or that the director requires repayment of the loan within the next twelve months. Therefore, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 275 184,000 3,435 187,710
DEPRECIATION
At 1 September 2022 210 92,263 2,956 95,429
Charge for year 16 35,434 242 35,692
At 31 August 2023 226 127,697 3,198 131,121
NET BOOK VALUE
At 31 August 2023 49 56,303 237 56,589
At 31 August 2022 65 91,737 479 92,281

R K Lewis Transport Limited (Registered number: 08648152)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
and 31 August 2023 161,000
DEPRECIATION
At 1 September 2022 82,200
Charge for year 32,200
At 31 August 2023 114,400
NET BOOK VALUE
At 31 August 2023 46,600
At 31 August 2022 78,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,896 6,430
Other debtors 378 -
5,274 6,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases (see note 8)
22,702

20,370
Trade creditors 732 120
Taxation and social security - 6,936
Other creditors 145,175 111,394
168,609 138,820

R K Lewis Transport Limited (Registered number: 08648152)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases (see note 8)
32,867

55,570

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
2023 2022 2023 2022
£    £    £    £   
Gross obligations repayable:
Within one year 9,728 9,728 18,000 18,000
Between one and five years 25,130 34,858 12,000 30,000
34,858 44,586 30,000 48,000

Finance charges repayable:
Within one year 3,600 4,751 1,426 2,607
Between one and five years 3,968 7,567 295 1,721
7,568 12,318 1,721 4,328

Net obligations repayable:
Within one year 6,128 4,977 16,574 15,393
Between one and five years 21,162 27,291 11,705 28,279
27,290 32,268 28,279 43,672