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REGISTERED NUMBER: 01381455 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

LYTTON GENERAL WHOLESALERS LIMITED

LYTTON GENERAL WHOLESALERS LIMITED (REGISTERED NUMBER: 01381455)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LYTTON GENERAL WHOLESALERS LIMITED

Company Information
for the year ended 31 July 2023







Directors: Mr T G Yolland
Mrs Y F Yolland





Secretary: Mrs Y F Yolland





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 01381455 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

LYTTON GENERAL WHOLESALERS LIMITED (REGISTERED NUMBER: 01381455)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,831 15,774
Investment property 5 900,000 900,000
911,831 915,774

Current assets
Debtors 6 3,700 -
Cash at bank 15,878 2,315
19,578 2,315
Creditors
Amounts falling due within one year 7 26,638 28,648
Net current liabilities (7,060 ) (26,333 )
Total assets less current liabilities 904,771 889,441

Capital and reserves
Called up share capital 8 100 100
Revaluation reserve 9 725,691 725,691
Retained earnings 178,980 163,650
Shareholders' funds 904,771 889,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 12 January 2024 and were signed on its behalf by:





Mr T G Yolland - Director


LYTTON GENERAL WHOLESALERS LIMITED (REGISTERED NUMBER: 01381455)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

Lytton General Wholesalers 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 as modified by the revaluation of certain assets.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

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.

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.

LYTTON GENERAL WHOLESALERS LIMITED (REGISTERED NUMBER: 01381455)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


2. Accounting policies - continued

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

3. Employees and directors

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

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 August 2022
and 31 July 2023 36,410 2,677 39,087
Depreciation
At 1 August 2022 21,175 2,138 23,313
Charge for year 3,809 134 3,943
At 31 July 2023 24,984 2,272 27,256
Net book value
At 31 July 2023 11,426 405 11,831
At 31 July 2022 15,235 539 15,774

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 August 2022
and 31 July 2023 34,250
Depreciation
At 1 August 2022 19,399
Charge for year 3,713
At 31 July 2023 23,112
Net book value
At 31 July 2023 11,138
At 31 July 2022 14,851

LYTTON GENERAL WHOLESALERS LIMITED (REGISTERED NUMBER: 01381455)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


5. Investment property
Total
£   
Fair value
At 1 August 2022
and 31 July 2023 900,000
Net book value
At 31 July 2023 900,000
At 31 July 2022 900,000

The directors do not believe that the value of the remaining properties has changed materially during the year.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2007 350,000
Valuation in 2015 400,000
Valuation in 2017 37,500
Valuation in 2019 212,500
Valuation in 2022 (100,000 )
900,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 3,700 -

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts - 674
Taxation and social security 14,869 1,453
Other creditors 11,769 26,521
26,638 28,648

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
60 A £1 60 60
40 B £1 40 40
100 100

9. Reserves
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 725,691

LYTTON GENERAL WHOLESALERS LIMITED (REGISTERED NUMBER: 01381455)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr T G Yolland
Balance outstanding at start of year (16,353 ) 3,079
Amounts advanced 73,607 46,941
Amounts repaid (53,554 ) (66,373 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,700 (16,353 )