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REGISTERED NUMBER: 05860950 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Macario Lewin Ltd

Macario Lewin Ltd (Registered number: 05860950)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Macario Lewin Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr M W Macario FCA CTA FMAAT





SECRETARY: Ms S J Cole FCA





REGISTERED OFFICE: Bellarmine House
14 Upper Church Street
Chepstow
Monmouthshire
NP16 5EX





REGISTERED NUMBER: 05860950 (England and Wales)






Macario Lewin Ltd (Registered number: 05860950)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276,358 282,644

CURRENT ASSETS
Debtors 26,688 38,836
Cash at bank and in hand 21,781 36,594
48,469 75,430
CREDITORS
Amounts falling due within one year 92,431 110,333
NET CURRENT LIABILITIES (43,962 ) (34,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,396

247,741

CREDITORS
Amounts falling due after more than one
year

5

111,957

146,356
NET ASSETS 120,439 101,385

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 120,239 101,185
SHAREHOLDERS' FUNDS 120,439 101,385

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 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





Mr M W Macario FCA CTA FMAAT - Director


Macario Lewin Ltd (Registered number: 05860950)

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

1. STATUTORY INFORMATION

Macario Lewin Ltd 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. Turnover is recognised when the right to consideration arises which occurs when the services are provided.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Macario Lewin Ltd (Registered number: 05860950)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 361,021
Additions 15,551
At 30 June 2023 376,572
DEPRECIATION
At 1 July 2022 78,377
Charge for year 21,837
At 30 June 2023 100,214
NET BOOK VALUE
At 30 June 2023 276,358
At 30 June 2022 282,644

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

Totals
£   
COST
At 1 July 2022
and 30 June 2023 76,842
DEPRECIATION
At 1 July 2022 24,056
Charge for year 13,196
At 30 June 2023 37,252
NET BOOK VALUE
At 30 June 2023 39,590
At 30 June 2022 52,786

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.6.23 30.6.22
£    £   
Repayable otherwise than by instalments
Other loans 36,000 36,000

Repayable by instalments
Bank loans - 9,361

6. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 85,072 104,556
Hire purchase contracts 25,381 39,779
110,453 144,335

The bank loan and overdraft is secured by fixed and floating charges over all property or undertaking of the company. Obligations under hire purchase contracts are secured on the assets to which they relate.

Macario Lewin Ltd (Registered number: 05860950)

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

7. OTHER FINANCIAL COMMITMENTS

At 30 June 2023, the company had total commitments under non-cancellable operating leases expiring within one to five years of £26,853 (2022 - £43,765).

8. RELATED PARTY DISCLOSURES

Included in creditors: amounts falling due after more than one year is a loan made to the company from the
director and his close family amounting to £36,000 (2022: £36,000). The loan is subject to interest that is
charged in accordance with the Bank of England base rate and is repayable on demand.