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REGISTERED NUMBER: 11655161 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Lewis Concrete Limited

Lewis Concrete Limited (Registered number: 11655161)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Lewis Concrete Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr D C Lewis





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





BUSINESS ADDRESS: Units E & F Rollalong Site
Woolsbridge Industrial Park
Three Legged Cross
Wimborne
Dorset
BH21 6SF





REGISTERED NUMBER: 11655161 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Lewis Concrete Limited (Registered number: 11655161)

Abridged Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381,563 329,520

CURRENT ASSETS
Stocks 168,484 159,165
Debtors 66,200 81,245
Prepayments and accrued income 20,347 23,604
Cash at bank and in hand 295,128 355,346
550,159 619,360
CREDITORS
Amounts falling due within one year 140,474 230,991
NET CURRENT ASSETS 409,685 388,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,248

717,889

CREDITORS
Amounts falling due after more than one year (16,250 ) -

PROVISIONS FOR LIABILITIES (70,277 ) (60,167 )

ACCRUALS AND DEFERRED INCOME (12,689 ) (16,329 )
NET ASSETS 692,032 641,393

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 691,932 641,293
SHAREHOLDERS' FUNDS 692,032 641,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Lewis Concrete Limited (Registered number: 11655161)

Abridged Statement of Financial Position - continued
30 September 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2024 and were signed by:





Mr D C Lewis - Director


Lewis Concrete Limited (Registered number: 11655161)

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

1. STATUTORY INFORMATION

Lewis Concrete 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. 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.

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.
Plant and machinery - 20% on reducing balance and Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - Straight line over 3 years

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 statement of financial position date.

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.

Lewis Concrete Limited (Registered number: 11655161)

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

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Lewis Concrete Limited (Registered number: 11655161)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 414,681
Additions 129,475
At 30 September 2023 544,156
DEPRECIATION
At 1 October 2022 85,161
Charge for year 77,432
At 30 September 2023 162,593
NET BOOK VALUE
At 30 September 2023 381,563
At 30 September 2022 329,520

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 129,380
At 30 September 2023 129,380
DEPRECIATION
Charge for year 11,317
At 30 September 2023 11,317
NET BOOK VALUE
At 30 September 2023 118,063

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 32,500 -
Between one and five years 16,250 -
48,750 -

Lewis Concrete Limited (Registered number: 11655161)

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

5. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 69,549 68,055
Between one and five years 98,139 167,688
167,688 235,743

6. PENSION COMMITMENTS

The company operates a money purchase pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £642 (2022 - £1,376) were due to the fund. These are included within creditors.

7. OTHER FINANCIAL COMMITMENTS

The company has total commitments under non-cancellable operating leases in respect of rent
over the remaining life of those leases of £156,079 (2022: £218,574).

The company also had vehicle leasing commitments under non-cancellable operating leases over the remaining life of those leases of £11,609 (2022: £17,169) and hire purchase contract commitments totalling £48,750 (2022 - £Nil).

8. OFF-BALANCE SHEET ARRANGEMENTS

There were no off-balance sheet arrangements at the financial year end.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr D C Lewis
Balance outstanding at start of year - -
Amounts advanced 10,559 -
Amounts repaid (10,559 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Loans to the director are unsecured, interest free and repayable on demand.