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REGISTERED NUMBER: 06088437 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

R LEWIS & CO (UK) LTD

R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,982
Tangible assets 5 441,861 390,182
441,861 396,164

CURRENT ASSETS
Stocks 6 35,099 44,826
Debtors 7 2,148,914 1,332,103
Cash at bank and in hand 677,455 371,415
2,861,468 1,748,344
CREDITORS
Amounts falling due within one year 8 1,367,911 945,362
NET CURRENT ASSETS 1,493,557 802,982
TOTAL ASSETS LESS CURRENT LIABILITIES 1,935,418 1,199,146

CREDITORS
Amounts falling due after more than one
year

9

(200,500

)

(288,416

)

PROVISIONS FOR LIABILITIES (81,507 ) (79,416 )
NET ASSETS 1,653,411 831,314

CAPITAL AND RESERVES
Called up share capital 12 101 101
Retained earnings 1,653,310 831,213
SHAREHOLDERS' FUNDS 1,653,411 831,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





Mr R Lewis - Director


R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

R Lewis & Co (UK) Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 06088437

Registered office: Unit 7 Llandough Trading Estate
Penarth Road
Cardiff
CF11 8RR

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Patents and Licences are being amortised evenly over their estimated useful life of twenty years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour
costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.


R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

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 68 (2022 - 69 ) .

R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill Licences Totals
£    £    £   
COST
At 1 January 2023 80,000 6,348 86,348
Additions - 425 425
Disposals - (6,773 ) (6,773 )
At 31 December 2023 80,000 - 80,000
AMORTISATION
At 1 January 2023 80,000 366 80,366
Eliminated on disposal - (366 ) (366 )
At 31 December 2023 80,000 - 80,000
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 5,982 5,982

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 307,824 256,385 375,566 939,775
Additions 33,001 33,681 141,738 208,420
Disposals - - (29,730 ) (29,730 )
At 31 December 2023 340,825 290,066 487,574 1,118,465
DEPRECIATION
At 1 January 2023 204,519 150,393 194,681 549,593
Charge for year 34,076 34,917 78,199 147,192
Eliminated on disposal - - (20,181 ) (20,181 )
At 31 December 2023 238,595 185,310 252,699 676,604
NET BOOK VALUE
At 31 December 2023 102,230 104,756 234,875 441,861
At 31 December 2022 103,305 105,992 180,885 390,182

6. STOCKS
2023 2022
£    £   
Stocks 35,099 44,826

R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,926 31,697
Other debtors 2,072,301 1,258,751
Prepayments and accrued income 59,687 41,655
2,148,914 1,332,103

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022
£ £

Bank loans and overdrafts (see note 12)41,96539,008
Hire purchase contracts (see note 13)46,07963,902
Trade creditors435,428418,964
Taxation and social security604,218212,513
Accruals and deferred income21,1468,803
Other creditors219,075202,172
1,367,911945,362

The bank loans are secured by way of a fixed and floating debenture over the assets of the company, as well as a personal guarantee by the director.

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 133,200 182,165
Hire purchase contracts (see note 11) 67,300 106,251
200,500 288,416

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,707

The bank loans are secured by way of a fixed and floating debenture over the assets of the company, as well as a personal guarantee by the director.

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

R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 41,965 39,008

Amounts falling due between two and five years:
Bank loans - 2-5 years 133,200 179,458

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,707

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 46,079 63,902
Between one and five years 67,300 106,251
113,379 170,153

Non-cancellable operating leases
2023 2022
£    £   
Within one year 74,149 86,307
Between one and five years 31,226 112,108
105,375 198,415

R LEWIS & CO (UK) LTD (REGISTERED NUMBER: 06088437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 A Ordinary £0.00 1 1 1
10,000 B Ordinary £0.00 1 10 10
5,000 C Ordinary £0.00 1 5 5
1,000 D Ordinary £0.00 1 1 1
1,000 E Ordinary £0.00 1 1 1
1,000 F Ordinary £0.00 1 1 1
82,000 Ordinary £0.00 1 82 82
101 101