Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07939824 2023-03-01 2024-02-29 07939824 2022-03-01 2023-02-28 07939824 2024-02-29 07939824 2023-02-28 07939824 c:Director1 2023-03-01 2024-02-29 07939824 d:PlantMachinery 2023-03-01 2024-02-29 07939824 d:PlantMachinery 2024-02-29 07939824 d:PlantMachinery 2023-02-28 07939824 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07939824 d:OfficeEquipment 2023-03-01 2024-02-29 07939824 d:OfficeEquipment 2024-02-29 07939824 d:OfficeEquipment 2023-02-28 07939824 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07939824 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07939824 d:CurrentFinancialInstruments 2024-02-29 07939824 d:CurrentFinancialInstruments 2023-02-28 07939824 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07939824 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07939824 d:ShareCapital 2024-02-29 07939824 d:ShareCapital 2023-02-28 07939824 d:RetainedEarningsAccumulatedLosses 2024-02-29 07939824 d:RetainedEarningsAccumulatedLosses 2023-02-28 07939824 c:OrdinaryShareClass1 2023-03-01 2024-02-29 07939824 c:OrdinaryShareClass1 2024-02-29 07939824 c:OrdinaryShareClass1 2023-02-28 07939824 c:FRS102 2023-03-01 2024-02-29 07939824 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07939824 c:FullAccounts 2023-03-01 2024-02-29 07939824 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07939824 2 2023-03-01 2024-02-29 07939824 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07939824










ALAN LEWIS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ALAN LEWIS LTD
REGISTERED NUMBER: 07939824

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,564
4,751

  
3,564
4,751

Current assets
  

Debtors: amounts falling due within one year
 5 
7,212
20,536

Cash at bank and in hand
 6 
23,375
42,959

  
30,587
63,495

Creditors: amounts falling due within one year
 7 
(9,884)
(47,560)

Net current assets
  
 
 
20,703
 
 
15,935

Total assets less current liabilities
  
24,267
20,686

Provisions for liabilities
  

Deferred tax
  
(677)
(903)

  
 
 
(677)
 
 
(903)

Net assets
  
23,590
19,783


Capital and reserves
  

Called up share capital 
 8 
10
10

Profit and loss account
  
23,580
19,773

  
23,590
19,783


Page 1

 
ALAN LEWIS LTD
REGISTERED NUMBER: 07939824
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2024.




Alan Lewis
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ALAN LEWIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Alan Lewis Ltd, 07939824, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 1a Crowmeole Lane, Shrewsbury, Shropshire, SY3 8AX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ALAN LEWIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ALAN LEWIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
ALAN LEWIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
12,000
9,100

12,000
9,100


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
ALAN LEWIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
8,131
17,614
25,745



At 29 February 2024

8,131
17,614
25,745



Depreciation


At 1 March 2023
7,379
13,615
20,994


Charge for the year on owned assets
188
999
1,187



At 29 February 2024

7,567
14,614
22,181



Net book value



At 29 February 2024
564
3,000
3,564



At 28 February 2023
752
3,999
4,751

Page 7

 
ALAN LEWIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
6,884
20,354

Other debtors
215
-

Prepayments and accrued income
113
182

7,212
20,536



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
23,375
42,959

23,375
42,959



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
2,491
775

Other taxation and social security
3,735
13,534

Other creditors
813
30,566

Accruals and deferred income
2,845
2,685

9,884
47,560



8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10


 
Page 8