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REGISTERED NUMBER: 03762932 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

LIS (NORTH WESTERN) LIMITED

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIS (NORTH WESTERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







Directors: Mr K Lees
Mrs K D Lees
Mrs S Harrington





Registered office: Unit 11
Haydock Lane
Haydock Industrial Estate
St. Helens
Merseyside
WA11 9UY





Registered number: 03762932 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,564 19,622
Tangible assets 5 430,182 487,487
447,746 507,109

CURRENT ASSETS
Stocks - 35,000
Debtors 6 678,504 476,993
Cash at bank and in hand 197,912 130,182
876,416 642,175
CREDITORS
Amounts falling due within one year 7 841,602 567,787
NET CURRENT ASSETS 34,814 74,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,560

581,497

CREDITORS
Amounts falling due after more than one
year

8

(200,668

)

(306,130

)

PROVISIONS FOR LIABILITIES 11 (80,532 ) (68,452 )
NET ASSETS 201,360 206,915

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 191,360 196,915
SHAREHOLDERS' FUNDS 201,360 206,915

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

BALANCE SHEET - continued
30 APRIL 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





Mrs K D Lees - Director


LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

LIS (North Western) 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.

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.

Patents and licences
Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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
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.

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2022
and 30 April 2023 41,177
AMORTISATION
At 1 May 2022 21,555
Amortisation for year 2,058
At 30 April 2023 23,613
NET BOOK VALUE
At 30 April 2023 17,564
At 30 April 2022 19,622

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 199,533 201,096 56,259 1,128,772 1,585,660
Additions 6,203 - 262 77,500 83,965
Disposals - - - (31,260 ) (31,260 )
At 30 April 2023 205,736 201,096 56,521 1,175,012 1,638,365
DEPRECIATION
At 1 May 2022 150,460 141,077 41,053 765,583 1,098,173
Charge for year 17,420 9,003 1,946 92,387 120,756
Eliminated on disposal - - - (10,746 ) (10,746 )
At 30 April 2023 167,880 150,080 42,999 847,224 1,208,183
NET BOOK VALUE
At 30 April 2023 37,856 51,016 13,522 327,788 430,182
At 30 April 2022 49,073 60,019 15,206 363,189 487,487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 432,068 296,326
Amounts owed by connected parties 33,661 33,689
Other debtors 212,775 146,978
678,504 476,993

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 16,667 8,838
Hire purchase contracts and finance leases (see note 9)
147,172

84,827
Trade creditors 568,014 396,647
Amounts owed to connected parties - 13,030
Taxation and social security 17,457 11,232
Other creditors 92,292 53,213
841,602 567,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts and finance leases (see note 9)
200,668

306,130

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
30.4.23 30.4.22 30.4.23 30.4.22
£    £    £    £   
Net obligations repayable:
Within one year 149,440 87,095 (2,268 ) (2,268 )
Between one and five years 200,668 306,130 - -
350,108 393,225 (2,268 ) (2,268 )

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 149,440 87,095
Between one and five years 200,668 306,130
350,108 393,225

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts and finance leases 347,840 390,957

Hire purchase liabilities are secured against the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax
Accelerated capital allowances 80,532 68,452

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2022 68,452
Utilised during year 12,080
Balance at 30 April 2023 80,532

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
10,000 Ordinary £1 10,000 10,000