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REGISTERED NUMBER: 04904429 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

LSW Workshop Supplies Limited

LSW Workshop Supplies Limited (Registered number: 04904429)






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


LSW Workshop Supplies Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: L S Watkin
Mrs R A Watkin





SECRETARY: L S Watkin





REGISTERED OFFICE: 72 The Broadway
Didcot
Oxfordshire
OX11 8AE





REGISTERED NUMBER: 04904429 (England and Wales)





ACCOUNTANTS: K P Cox Accounting Ltd
35 Penpont Water
Didcot
Oxfordshire
OX11 7LR

LSW Workshop Supplies Limited (Registered number: 04904429)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,094 9,588
7,094 9,588

CURRENT ASSETS
Stocks 135,000 135,000
Debtors 6 90,674 86,975
Cash at bank and in hand 319,367 277,673
545,041 499,648
CREDITORS
Amounts falling due within one year 7 185,525 197,228
NET CURRENT ASSETS 359,516 302,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,610

312,008

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 366,510 311,908
SHAREHOLDERS' FUNDS 366,610 312,008

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2024 and were signed on its behalf by:



L S Watkin - Director


LSW Workshop Supplies Limited (Registered number: 04904429)

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

1. STATUTORY INFORMATION

LSW Workshop Supplies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

LSW Workshop Supplies Limited (Registered number: 04904429)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 100,000
AMORTISATION
At 1 October 2022
and 30 September 2023 100,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 45,157
DEPRECIATION
At 1 October 2022 35,569
Charge for year 2,494
At 30 September 2023 38,063
NET BOOK VALUE
At 30 September 2023 7,094
At 30 September 2022 9,588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 85,349 86,975
Other debtors 5,325 -
90,674 86,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 48,309 49,970
Taxation and social security 37,826 28,220
Other creditors 99,390 119,038
185,525 197,228

LSW Workshop Supplies Limited (Registered number: 04904429)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100