Year Ended
Registration number:
Lewis Capital Management Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Lewis Capital Management Limited
Balance Sheet
31 March 2024
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2024 |
2023 |
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Fixed assets |
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Other financial assets |
45,780 |
42,306 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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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:
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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
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Company Registration Number: 08117076
Lewis Capital Management Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Lewis Capital Management Limited
Notes to the Unaudited Financial Statements
Year Ended 31 March 2024
Other financial assets (current and non-current) |
Financial assets at fair value |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 April 2023 |
42,307 |
42,307 |
Revaluations |
3,473 |
3,473 |
At 31 March 2024 |
45,780 |
45,780 |
Carrying amount |
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At 31 March 2024 |
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45,780 |
Debtors |
2024 |
2023 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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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
Related party transactions |
Summary of transactions with entities with joint control or significant interest
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).