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REGISTERED NUMBER: 00724914 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Lewis & Raby (Engineers) Limited

Lewis & Raby (Engineers) Limited (Registered number: 00724914)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lewis & Raby (Engineers) Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: Mrs T M Raby





REGISTERED OFFICE: Birchill Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7TG





REGISTERED NUMBER: 00724914 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

Lewis & Raby (Engineers) Limited (Registered number: 00724914)

Balance Sheet
30 September 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 1,000 1,500
Tangible assets 5 30,353 35,521
31,353 37,021

CURRENT ASSETS
Stocks 8,171 25,926
Debtors 6 116,406 129,632
Investments 7 32,123 32,109
Cash at bank and in hand 94,107 52,467
250,807 240,134
CREDITORS
Amounts falling due within one year 8 (185,966 ) (160,238 )
NET CURRENT ASSETS 64,841 79,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,194

116,917

CREDITORS
Amounts falling due after more than one year 9 (20,466 ) (30,721 )
NET ASSETS 75,728 86,196

CAPITAL AND RESERVES
Called up share capital 26,775 26,775
Capital redemption reserve 26,825 26,825
Retained earnings 22,128 32,596
SHAREHOLDERS' FUNDS 75,728 86,196

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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:



Mrs T M Raby - Director


Lewis & Raby (Engineers) Limited (Registered number: 00724914)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Lewis & Raby (Engineers) 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.

Significant judgements and estimates
Significant judgements and estimates are those which involve a significant risk that may cause a material adjustment to the carrying amounts of assets and liabilities from period to period. This may be because the estimate or judgement involves matters which are highly uncertain or because different estimation methods or assumptions could reasonably have been used. The only key source of estimation uncertainty is the carrying value of commodities of £30,940 included in current asset investments.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill represents the excess cost of business acquisitions over the value attributed to their net assets. The net book value of £5,000 at 1 October 2015 is being amortised evenly over the minimum anticipated economic life of 10 years from that date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Lewis & Raby (Engineers) Limited (Registered number: 00724914)

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 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.

Current asset investments
The investments are stated at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2022
and 30 September 2023 62,615
AMORTISATION
At 1 October 2022 61,115
Charge for year 500
At 30 September 2023 61,615
NET BOOK VALUE
At 30 September 2023 1,000
At 30 September 2022 1,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 October 2022 852,975 166,158 23,330 1,042,463
Additions - 1,850 - 1,850
At 30 September 2023 852,975 168,008 23,330 1,044,313
DEPRECIATION
At 1 October 2022 826,449 162,978 17,515 1,006,942
Charge for year 2,237 469 4,312 7,018
At 30 September 2023 828,686 163,447 21,827 1,013,960
NET BOOK VALUE
At 30 September 2023 24,289 4,561 1,503 30,353
At 30 September 2022 26,526 3,180 5,815 35,521

Lewis & Raby (Engineers) Limited (Registered number: 00724914)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 113,519 122,923
Other debtors 2,887 6,709
116,406 129,632

7. CURRENT ASSET INVESTMENTS

The investments consist of commodities and quoted shares at market value.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans 9,642 9,389
Trade creditors 120,807 89,363
Taxation and social security 28,623 29,894
Other creditors 26,894 31,592
185,966 160,238

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 19,466 29,721
Other creditors 1,000 1,000
20,466 30,721

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs T M Raby.