Lewis Inspection Services Limited 5242203 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of quality control inspection Digita Accounts Production Advanced 6.30.9574.0 true 5242203 2023-03-01 2024-02-29 5242203 2024-02-29 5242203 bus:OrdinaryShareClass1 2024-02-29 5242203 core:RetainedEarningsAccumulatedLosses 2024-02-29 5242203 core:ShareCapital 2024-02-29 5242203 core:CurrentFinancialInstruments 2024-02-29 5242203 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 5242203 core:FurnitureFittingsToolsEquipment 2024-02-29 5242203 bus:SmallEntities 2023-03-01 2024-02-29 5242203 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 5242203 bus:FullAccounts 2023-03-01 2024-02-29 5242203 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 5242203 bus:RegisteredOffice 2023-03-01 2024-02-29 5242203 bus:Director1 2023-03-01 2024-02-29 5242203 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 5242203 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 5242203 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 5242203 core:OfficeEquipment 2023-03-01 2024-02-29 5242203 countries:England 2023-03-01 2024-02-29 5242203 2023-02-28 5242203 core:FurnitureFittingsToolsEquipment 2023-02-28 5242203 2022-03-01 2023-02-28 5242203 2023-02-28 5242203 bus:OrdinaryShareClass1 2023-02-28 5242203 core:RetainedEarningsAccumulatedLosses 2023-02-28 5242203 core:ShareCapital 2023-02-28 5242203 core:CurrentFinancialInstruments 2023-02-28 5242203 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 5242203 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5242203

Lewis Inspection Services Limited

Filleted Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Lewis Inspection Services Limited

(Registration number: 5242203)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,235

864

Investment property

5

134,605

134,605

 

135,840

135,469

Current assets

 

Debtors

6

2,086

3,737

Cash at bank and in hand

 

1,740

10,815

 

3,826

14,552

Creditors: Amounts falling due within one year

7

(23,577)

(19,053)

Net current liabilities

 

(19,751)

(4,501)

Total assets less current liabilities

 

116,089

130,968

Provisions for liabilities

(235)

(164)

Net assets

 

115,854

130,804

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

115,754

130,704

Shareholders' funds

 

115,854

130,804

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Lewis Inspection Services Limited

(Registration number: 5242203)
Balance Sheet as at 29 February 2024

Approved and authorised by the director on 27 July 2024
 


Mr G L Ford
Director

   
 

Lewis Inspection Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

Registration number: 5242203

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Lewis Inspection Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% per annum on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at less a provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

 

Lewis Inspection Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 March 2023

3,762

3,762

Additions

670

670

At 29 February 2024

4,432

4,432

Depreciation

At 1 March 2023

2,898

2,898

Charge for the year

299

299

At 29 February 2024

3,197

3,197

Carrying amount

At 29 February 2024

1,235

1,235

At 28 February 2023

864

864

 

Lewis Inspection Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Investment property

2024
£

At 1 March

134,605

At 29 February

134,605

The value of the investment property is reviewed annually by the directors.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,902

3,607

Other debtors

184

130

 

2,086

3,737

7

Creditors

2024
£

2023
£

Due within one year

Trade payables

535

511

Social security and other taxes

3,225

9,180

Other payables

19,817

9,362

23,577

19,053

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100