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Registered number: 04728806
Lewis Charlton Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04728806
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 736,189 612,637
736,189 612,637
CURRENT ASSETS
Stocks 498,067 300,501
Debtors 5 2,019,382 1,856,670
Cash at bank and in hand 1,638,827 1,789,238
4,156,276 3,946,409
Creditors: Amounts Falling Due Within One Year 6 (2,235,982 ) (2,132,519 )
NET CURRENT ASSETS (LIABILITIES) 1,920,294 1,813,890
TOTAL ASSETS LESS CURRENT LIABILITIES 2,656,483 2,426,527
Creditors: Amounts Falling Due After More Than One Year 7 (523,008 ) (612,738 )
NET ASSETS 2,133,475 1,813,789
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 2,133,474 1,813,788
SHAREHOLDERS' FUNDS 2,133,475 1,813,789
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Zaheer Mohamed Esat
Director
14th January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lewis Charlton Limited Registered number 04728806 is a limited by shares company incorporated in England & Wales. The Registered Office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Leasehold Over 50 years
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 83 (2022: 94)
83 94
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 September 2022 75,000 92,194 876,474 123,240 1,166,908
Additions - 58,473 167,563 - 226,036
As at 31 August 2023 75,000 150,667 1,044,037 123,240 1,392,944
Depreciation
As at 1 September 2022 - 7,100 489,143 58,028 554,271
Provided during the period - 2,759 83,422 16,303 102,484
As at 31 August 2023 - 9,859 572,565 74,331 656,755
...CONTINUED
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Net Book Value
As at 31 August 2023 75,000 140,808 471,472 48,909 736,189
As at 1 September 2022 75,000 85,094 387,331 65,212 612,637
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,136,850 1,316,921
Other debtors 871,583 528,800
Corporation tax recoverable assets 10,949 10,949
2,019,382 1,856,670
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,500 12,500
Trade creditors 1,387,015 1,381,444
Bank loans and overdrafts 150,000 150,000
Corporation tax 414,164 411,904
Other taxes and social security 77,908 44,397
Other creditors 194,395 132,274
2,235,982 2,132,519
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,792 32,292
Bank loans 337,500 487,500
Amounts owed to group undertakings 165,716 92,946
523,008 612,738
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 32,292 44,792
Bank loans and overdrafts 487,500 637,500
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9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Elsie Tenure Limited and the ultimate parent undertaking is DMRG Limited, companies incorporated in Great Britian.
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