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REGISTERED NUMBER: 05084256 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Lewis Lewis & Company Limited

Lewis Lewis & Company Limited (Registered number: 05084256)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lewis Lewis & Company Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: Mrs A D Phillips
Mrs C M Richards
Mrs C M Jones





SECRETARY: Mrs J L M Jenkins





REGISTERED OFFICE: County Chambers
Pentre Road
ST CLEARS
Carmarthenshire
SA33 4AA





REGISTERED NUMBER: 05084256 (England and Wales)

Lewis Lewis & Company Limited (Registered number: 05084256)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,044 28,232
Tangible assets 5 593,504 607,429
613,548 635,661

CURRENT ASSETS
Stocks 500 500
Debtors 6 878,848 968,544
Cash at bank and in hand 51,155 82,375
930,503 1,051,419
CREDITORS
Amounts falling due within one year 7 463,975 452,161
NET CURRENT ASSETS 466,528 599,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,076

1,234,919

CREDITORS
Amounts falling due after more than one year 8 (66,399 ) (147,450 )

PROVISIONS FOR LIABILITIES (13,094 ) (9,228 )
NET ASSETS 1,000,583 1,078,241

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,000,581 1,078,239
SHAREHOLDERS' FUNDS 1,000,583 1,078,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

Lewis Lewis & Company Limited (Registered number: 05084256)

Balance Sheet - continued
5 April 2024


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 1 October 2024 and were signed on its behalf by:




Mrs A D Phillips - Director Mrs C M Richards - Director




Mrs C M Jones - Director


Lewis Lewis & Company Limited (Registered number: 05084256)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Lewis Lewis & Company 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
Purchased goodwill is amortised on a straight line basis over a 10 year period.

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.
Freehold property - 2% on cost
Improvements to property - 5% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks of stationery are valued at the lower of cost and net realisable value.

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.

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.

Lewis Lewis & Company Limited (Registered number: 05084256)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued

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.

Revenue recognition
Work performed on behalf of clients up to the year end date which had not been invoiced at this time has been valued in accordance with the provisions of UITF 40.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2023
and 5 April 2024 806,880
AMORTISATION
At 6 April 2023 778,648
Amortisation for year 8,188
At 5 April 2024 786,836
NET BOOK VALUE
At 5 April 2024 20,044
At 5 April 2023 28,232

Lewis Lewis & Company Limited (Registered number: 05084256)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 6 April 2023 836,525 12,448 150,716 999,689
Additions - - 9,581 9,581
At 5 April 2024 836,525 12,448 160,297 1,009,270
DEPRECIATION
At 6 April 2023 282,671 7,996 101,593 392,260
Charge for year 16,731 904 5,871 23,506
At 5 April 2024 299,402 8,900 107,464 415,766
NET BOOK VALUE
At 5 April 2024 537,123 3,548 52,833 593,504
At 5 April 2023 553,854 4,452 49,123 607,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 271,496 280,998
Other debtors 352,060 437,633
Prepayments 255,292 249,913
878,848 968,544

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 198,473 194,636
Trade creditors 11,509 9,512
Tax 110,484 91,998
Social security and other taxes 17,475 18,127
VAT 79,032 87,574
Directors' current accounts 8,925 12,048
Accrued expenses 38,077 38,266
463,975 452,161

Lewis Lewis & Company Limited (Registered number: 05084256)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans - 1-2 years 36,970 78,473
Bank loans - 2-5 years 29,429 68,977
66,399 147,450

9. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank overdraft - 16,151
Bank loans 264,872 325,935
264,872 342,086

Bank borrowings are secured by means of a fixed and floating charge over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2024 and 5 April 2023:

5.4.24 5.4.23
£    £   
Mrs A D Phillips
Balance outstanding at start of year (62 ) (188 )
Amounts advanced 129,186 123,016
Amounts repaid (129,196 ) (122,890 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (72 ) (62 )

Mrs C M Richards
Balance outstanding at start of year (3,400 ) (4,133 )
Amounts advanced 133,186 124,833
Amounts repaid (130,350 ) (124,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (564 ) (3,400 )

Lewis Lewis & Company Limited (Registered number: 05084256)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs C M Jones
Balance outstanding at start of year (8,585 ) (10,665 )
Amounts advanced 130,050 125,728
Amounts repaid (129,754 ) (123,648 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,289 ) (8,585 )