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Company Registration No. 14066334 (England and Wales)
LEWIS SPENCER CONSTRUCTION LTD Unaudited accounts for the year ended 30 April 2024
LEWIS SPENCER CONSTRUCTION LTD Unaudited accounts Contents
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LEWIS SPENCER CONSTRUCTION LTD Company Information for the year ended 30 April 2024
Director
Lewis Jordan Spencer
Company Number
14066334 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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LEWIS SPENCER CONSTRUCTION LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,294 
9,557 
Current assets
Debtors
14,442 
12,446 
Cash at bank and in hand
27,577 
1,543 
42,019 
13,989 
Creditors: amounts falling due within one year
(26,279)
(15,208)
Net current assets/(liabilities)
15,740 
(1,219)
Total assets less current liabilities
23,034 
8,338 
Provisions for liabilities
Deferred tax
(2,246)
(1,816)
Net assets
20,788 
6,522 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,787 
6,521 
Shareholders' funds
20,788 
6,522 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2024 and were signed on its behalf by
Lewis Jordan Spencer Director Company Registration No. 14066334
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LEWIS SPENCER CONSTRUCTION LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
LEWIS SPENCER CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 14066334. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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LEWIS SPENCER CONSTRUCTION LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
2,842 
9,500 
250 
150 
12,742 
At 30 April 2024
2,842 
9,500 
250 
150 
12,742 
Depreciation
At 1 May 2023
710 
2,375 
63 
37 
3,185 
Charge for the year
533 
1,656 
46 
28 
2,263 
At 30 April 2024
1,243 
4,031 
109 
65 
5,448 
Net book value
At 30 April 2024
1,599 
5,469 
141 
85 
7,294 
At 30 April 2023
2,132 
7,125 
187 
113 
9,557 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
286 
- 
Other debtors
14,156 
12,446 
14,442 
12,446 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
484 
250 
Taxes and social security
4,359 
1,161 
Other creditors
3,445 
- 
Loans from directors
3,295 
811 
Accruals
540 
540 
Deferred income
14,156 
12,446 
26,279 
15,208 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,246 
1,816 
2024 
2023 
£ 
£ 
Provision at start of year
1,816 
- 
Charged to the profit and loss account
430 
1,816 
Provision at end of year
2,246 
1,816 
A deferred taxation reserve has been created due to accelerated capital allowances of some £2,246 This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day
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LEWIS SPENCER CONSTRUCTION LTD Notes to the Accounts for the year ended 30 April 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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