Company registration number 08916563 (England and Wales)
Lewis Weir Waste Management Limited
Unaudited Financial Statements
For the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Lewis Weir Waste Management Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Lewis Weir Waste Management Limited
Balance Sheet
As at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,036
3,795
Current assets
Debtors
4
266,510
248,674
Cash at bank and in hand
716,904
585,664
983,414
834,338
Creditors: amounts falling due within one year
5
(511,705)
(416,270)
Net current assets
471,709
418,068
Net assets
474,745
421,863
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
474,645
421,763
Total equity
474,745
421,863

For the financial year ended 30 September 2024 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
Mr K E Golder
Mrs A Lewis-Golder
Director
Director
Company registration number 08916563 (England and Wales)
Lewis Weir Waste Management Limited
Notes to the Financial Statements
For the year ended 30 September 2024
- 2 -
1
Accounting policies
Company information

Lewis Weir Waste Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Eastmoor Park, Harpenden, Herts, AL5 1BW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
Motor vehicles
20% reducing balance
1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

Lewis Weir Waste Management Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
4
Lewis Weir Waste Management Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
211
23,000
23,211
Depreciation and impairment
At 1 October 2023
210
19,206
19,416
Depreciation charged in the year
-
0
759
759
At 30 September 2024
210
19,965
20,175
Carrying amount
At 30 September 2024
1
3,035
3,036
At 30 September 2023
1
3,794
3,795
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
264,821
247,162
Other debtors
1,689
1,512
266,510
248,674
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
223,635
185,962
Taxation and social security
40,794
41,882
Other creditors
247,276
188,426
511,705
416,270
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