Lewis Moberly Design Limited
Unaudited Financial Statements
For the year ended 30 June 2023
Pages for Filing with Registrar
Company Registration No. 02199271 (England and Wales)
Lewis Moberly Design Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Lewis Moberly Design Limited
Balance Sheet
As at 30 June 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
466,124
466,124
Cash at bank and in hand
90
90
466,214
466,214
Creditors: amounts falling due within one year
4
(3,333)
(3,333)
Net current assets
462,881
462,881
Capital and reserves
Called up share capital
5
486,090
486,090
Other reserves
50,000
50,000
Profit and loss reserves
(73,209)
(73,209)
Total equity
462,881
462,881

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 23 February 2024 and are signed on its behalf by:
R Moberly
Director
Company Registration No. 02199271
Lewis Moberly Design Limited
Notes to the Financial Statements
For the year ended 30 June 2023
Page 2
1
Accounting policies
Company information

Lewis Moberly Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 Gresse Street, London, W1T 1QU.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
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.

 

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

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
Lewis Moberly Design Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2023
Page 3
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
50,002
50,002
2023
2022
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
416,122
416,122
Total debtors
466,124
466,124
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
3,333
3,333
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Founder ordinary shares of 10p each
510,000
510,000
51,000
51,000
Ordinary shares of 10p each
900
900
90
90
510,900
510,900
51,090
51,090
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
435,000
435,000
435,000
435,000
Preference shares classified as equity
435,000
435,000
Total equity share capital
486,090
486,090

The preference shares are issued in preference to the other shares in terms of voting rights. The Ordinary and Founder shares rank pari-passu in all respects.

6
Related party transactions
Lewis Moberly Design Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2023
6
Related party transactions
(Continued)
Page 4

The company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.

7
Controlling party

The ultimate parent company is Lewis Moberly Holdings Limited, a company registered in England and Wales, by virtue of its majority shareholding.

The ultimate controlling party is P Lewis, a director of the company, by virtue of her majority shareholding in Lewis Moberly Holdings Limited.

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