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REGISTERED NUMBER: 03762932 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

LIS (NORTH WESTERN) LIMITED

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIS (NORTH WESTERN) LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







Directors: Mr K Lees
Mrs K D Lees
Mrs S Harrington





Registered office: Unit 11
Haydock Lane
Haydock Industrial Estate
St. Helens
Merseyside
WA11 9UY





Registered number: 03762932 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,541 17,564
Tangible assets 5 545,166 430,182
560,707 447,746

CURRENT ASSETS
Debtors 6 559,614 678,504
Cash at bank and in hand 9,403 197,912
569,017 876,416
CREDITORS
Amounts falling due within one year 7 731,507 841,602
NET CURRENT (LIABILITIES)/ASSETS (162,490 ) 34,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,217

482,560

CREDITORS
Amounts falling due after more than one
year

8

(238,835

)

(200,668

)

PROVISIONS FOR LIABILITIES 11 (82,767 ) (80,532 )
NET ASSETS 76,615 201,360

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 66,615 191,360
SHAREHOLDERS' FUNDS 76,615 201,360

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

Balance Sheet - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





Mrs K D Lees - Director


LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

LIS (North Western) 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.

Patents and licences
Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2023
and 30 April 2024 41,177
AMORTISATION
At 1 May 2023 23,613
Amortisation for year 2,023
At 30 April 2024 25,636
NET BOOK VALUE
At 30 April 2024 15,541
At 30 April 2023 17,564

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 205,736 201,096 56,521 1,175,012 1,638,365
Additions - 1,227 3,286 236,579 241,092
Disposals - - - (26,525 ) (26,525 )
At 30 April 2024 205,736 202,323 59,807 1,385,066 1,852,932
DEPRECIATION
At 1 May 2023 167,880 150,080 42,999 847,224 1,208,183
Charge for year 15,428 7,699 2,238 98,167 123,532
Eliminated on disposal - - - (23,949 ) (23,949 )
At 30 April 2024 183,308 157,779 45,237 921,442 1,307,766
NET BOOK VALUE
At 30 April 2024 22,428 44,544 14,570 463,624 545,166
At 30 April 2023 37,856 51,016 13,522 327,788 430,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 358,023 432,068
Amounts owed by connected parties - 33,661
Other debtors 201,591 212,775
559,614 678,504

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 78,985 16,667
Hire purchase contracts and finance leases (see note 9)
202,664

147,172
Trade creditors 258,679 568,014
Amounts owed to connected parties 112,256 -
Taxation and social security 24,009 17,457
Other creditors 54,914 92,292
731,507 841,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts and finance leases (see note 9)
238,835

200,668

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
30.4.24 30.4.23 30.4.24 30.4.23
£    £    £    £   
Net obligations repayable:
Within one year 204,932 149,440 (2,268 ) (2,268 )
Between one and five years 238,835 200,668 - -
443,767 350,108 (2,268 ) (2,268 )

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 204,932 149,440
Between one and five years 238,835 200,668
443,767 350,108

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts and finance leases 441,499 347,840

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

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 82,767 80,532

LIS (NORTH WESTERN) LIMITED (REGISTERED NUMBER: 03762932)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 80,532
Provided during year 2,235
Balance at 30 April 2024 82,767

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
10,000 Ordinary £1 10,000 10,000