CARDONESS AND LEWIS LIMITED

Company Registration Number:
SC375624 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

CARDONESS AND LEWIS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

CARDONESS AND LEWIS LIMITED

Company Information

for the Period Ended 31 March 2023




Registered office: 27
Greenhill Gardens
Edinburgh
EH10 4BL
Company Registration Number: SC375624 (Scotland)

CARDONESS AND LEWIS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 5 5,000 5,000
Tangible assets: 6 0 0
Total fixed assets: 5,000 5,000
Current assets
Debtors: 7 3,084 3,936
Cash at bank and in hand: 25,943 22,018
Total current assets: 29,027 25,954
Creditors: amounts falling due within one year: 8 ( 1,538 ) ( 1,639 )
Net current assets (liabilities): 27,489 24,315
Total assets less current liabilities: 32,489 29,315
Creditors: amounts falling due after more than one year: 9 ( 5,000 ) ( 5,000 )
Provision for liabilities: ( 6,781 ) ( 5,766 )
Total net assets (liabilities): 20,708 18,549

The notes form part of these financial statements

CARDONESS AND LEWIS LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 20,608 18,449
Shareholders funds: 20,708 18,549

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 18 November 2023
And Signed On Behalf Of The Board By:

Name: Geoffrey Lynn
Status: Director

The notes form part of these financial statements

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery, fixtures and fittings 25 percent on cost.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed 20 years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year which it is incurred.

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Dividends


2023
£

2022
£
Dividends paid 0 5,000

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Intangible assets

Other Total
Cost £ £
At 01 April 2022 5,000 5,000
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 March 2023 5,000 5,000
Amortisation
Amortisation at 01 April 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2023 - -
Net book value
Net book value at 31 March 2023 5,000 5,000
Net book value at 31 March 2022 5,000 5,000

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Tangible assets

Plant & machinery Office equipment Total
Cost £ £ £
At 01 April 2022 2,132 6,522 8,654
Additions 0 0 0
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0
Transfers 0 0 0
At 31 March 2023 2,132 6,522 8,654
Depreciation
At 01 April 2022 2,132 6,522 8,654
Charge for year 0 0 0
On disposals ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0
At 31 March 2023 2,132 6,522 8,654
Net book value
At 31 March 2023 0 0 0
At 31 March 2022 0 0 0

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Debtors


2023
£

2022
£
Trade debtors 3,084 3,936
Total 3,084 3,936

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 506 607
Other creditors 1,032 1,032
Total 1,538 1,639

CARDONESS AND LEWIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

9.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 5,000 5,000
Total 5,000 5,000

note