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REGISTERED NUMBER: 05522308 (England and Wales)


















Steve Lomax Mortgages And Financial
Services Ltd

Unaudited Financial Statements for the Year Ended 31 July 2023






Steve Lomax Mortgages And Financial
Services Ltd (Registered number: 05522308)






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


Steve Lomax Mortgages And Financial
Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr S G Lomax
Mrs R Lomax





REGISTERED OFFICE: Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX





REGISTERED NUMBER: 05522308 (England and Wales)






Steve Lomax Mortgages And Financial
Services Ltd (Registered number: 05522308)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,775 2,085

CURRENT ASSETS
Debtors 5 6,347 10,516
Cash at bank 252,392 221,316
258,739 231,832
CREDITORS
Amounts falling due within one year 6 18,132 23,080
NET CURRENT ASSETS 240,607 208,752
TOTAL ASSETS LESS CURRENT LIABILITIES 242,382 210,837

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 8 242,280 210,735
SHAREHOLDERS' FUNDS 242,382 210,837

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mr S G Lomax - Director


Steve Lomax Mortgages And Financial
Services Ltd (Registered number: 05522308)

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

1. STATUTORY INFORMATION

Steve Lomax Mortgages And Financial Services Ltd 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 7,929 1,854 1,500 11,283
Additions - - 185 185
At 31 July 2023 7,929 1,854 1,685 11,468
DEPRECIATION
At 1 August 2022 7,007 1,367 824 9,198
Charge for year 138 73 284 495
At 31 July 2023 7,145 1,440 1,108 9,693
NET BOOK VALUE
At 31 July 2023 784 414 577 1,775
At 31 July 2022 922 487 676 2,085

Steve Lomax Mortgages And Financial
Services Ltd (Registered number: 05522308)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 5,500 9,500
Prepayments and accrued income 847 1,016
6,347 10,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 80
Tax 15,459 15,906
Directors' current accounts 2,006 6,427
Accrued expenses 667 667
18,132 23,080

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

8. RESERVES
Retained
earnings
£   

At 1 August 2022 210,735
Profit for the year 61,545
Dividends (30,000 )
At 31 July 2023 242,280