REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
LEWIS ELECTRICAL CONTRACTS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
LEWIS ELECTRICAL CONTRACTS LIMITED |
LEWIS ELECTRICAL CONTRACTS LIMITED (REGISTERED NUMBER: 03556077) |
Contents of the Financial Statements |
for the year ended 30 April 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
LEWIS ELECTRICAL CONTRACTS LIMITED |
Company Information |
for the year ended 30 April 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
LEWIS ELECTRICAL CONTRACTS LIMITED (REGISTERED NUMBER: 03556077) |
Statement of Financial Position |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | 7 |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Non-distributed reserve | 9 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LEWIS ELECTRICAL CONTRACTS LIMITED (REGISTERED NUMBER: 03556077) |
Notes to the Financial Statements |
for the year ended 30 April 2024 |
1. | Statutory information |
Lewis Electrical Contracts Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents net rental income, excluding value added tax. |
Tangible fixed assets |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Freehold property |
The freehold property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. |
3. | Employees and directors |
The average number of employees during the year was |
LEWIS ELECTRICAL CONTRACTS LIMITED (REGISTERED NUMBER: 03556077) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2024 |
4. | Tangible fixed assets |
Freehold |
property |
£ |
Cost or valuation |
At 1 May 2023 |
and 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
The directors consider the market value of the freehold land and buildings to not be materially different to the net book value stated in the financial statements. |
Cost or valuation at 30 April 2024 is represented by: |
Freehold |
property |
£ |
Valuation in 2015 | 17,640 |
Valuation in 2018 | 30,000 |
Cost | 102,360 |
150,000 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 9,052 | 9,052 |
Deferred |
tax |
£ |
Balance at 1 May 2023 |
Balance at 30 April 2024 |
LEWIS ELECTRICAL CONTRACTS LIMITED (REGISTERED NUMBER: 03556077) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2024 |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
9. | Reserves |
Non-distributed |
reserve |
£ |
At 1 May 2023 |
and 30 April 2024 |
10. | Directors' advances, credits and guarantees |
As at the balance sheet date the directors owed £20,000 to the company (2023 - (£4,009)). |