Lewis Capital Management Limited 08117076 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of management services to support the growth of new and early stage companies. Digita Accounts Production Advanced 6.30.9574.0 true 08117076 2023-04-01 2024-03-31 08117076 2024-03-31 08117076 core:RetainedEarningsAccumulatedLosses 2024-03-31 08117076 core:ShareCapital 2024-03-31 08117076 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 08117076 core:CurrentFinancialInstruments 2024-03-31 08117076 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08117076 bus:SmallEntities 2023-04-01 2024-03-31 08117076 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08117076 bus:FilletedAccounts 2023-04-01 2024-03-31 08117076 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08117076 bus:RegisteredOffice 2023-04-01 2024-03-31 08117076 bus:Director1 2023-04-01 2024-03-31 08117076 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08117076 core:FurnitureFittings 2023-04-01 2024-03-31 08117076 core:OfficeEquipment 2023-04-01 2024-03-31 08117076 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 08117076 countries:EnglandWales 2023-04-01 2024-03-31 08117076 2022-04-01 2023-03-31 08117076 2023-03-31 08117076 core:RetainedEarningsAccumulatedLosses 2023-03-31 08117076 core:ShareCapital 2023-03-31 08117076 core:CurrentFinancialInstruments 2023-03-31 08117076 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Lewis Capital Management Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 08117076

 

Lewis Capital Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Lewis Capital Management Limited

Balance Sheet

31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

45,780

42,306

Current assets

 

Debtors

5

216,556

172,772

Cash at bank and in hand

 

14,233

6,791

 

230,789

179,563

Creditors: Amounts falling due within one year

6

(17,317)

(11,354)

Net current assets

 

213,472

168,209

Net assets

 

259,252

210,515

Capital and reserves

 

Called up share capital

110,000

110,000

Profit and loss account

149,252

100,515

Shareholders' funds

 

259,252

210,515

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

.........................................
T G Lewis
Director

   
     

Company Registration Number: 08117076

 

Lewis Capital Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
41 Commercial Road
Poole
Dorset
BH14 0HU

These financial statements were authorised for issue by the Board on 28 October 2024.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A and the Companies Act 2006.

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.

The financial statements are presented in Sterling (£).

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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

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 corporation 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 Capital Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Depreciation

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Office Equipment

20% straight line

Investments

Current asset investments are included at market value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Lewis Capital Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

4

Other financial assets (current and non-current)

Financial assets at fair value
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

42,307

42,307

Revaluations

3,473

3,473

At 31 March 2024

45,780

45,780

Carrying amount

At 31 March 2024

45,780

45,780

5

Debtors

2024
£

2023
£

Trade debtors

25,207

18,807

Prepayments

7,950

7,950

Other debtors

183,399

146,015

216,556

172,772

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

15,317

9,554

Accruals and deferred income

2,000

1,800

17,317

11,354

7

Reserves

Included in the profit loss reserves of £149,252 are £10,780 (2023: £7,306) of non distributable reserves.

 

Lewis Capital Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

8

Related party transactions

Summary of transactions with entities with joint control or significant interest

Lewis Capital Management Limited has common directors and shareholders with Lewis & Co (Investments & Pensions) Limited and Lewis Property Services (UK) Limited.

 
At the balance sheet date the amount due from/(to) Lewis & Co (Investments & Pensions) Limited was £73,700 (2023: £73,700) and the amount due from/(to) Lewis Property Limited was £54,300 (2023 : £54,300).