IRIS Accounts Production v24.3.2.46 04726095 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 Preference Shares 1.00000 "A" Preference Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047260952023-04-30047260952024-04-30047260952023-05-012024-04-30047260952022-04-30047260952022-05-012023-04-30047260952023-04-3004726095ns15:EnglandWales2023-05-012024-04-3004726095ns14:PoundSterling2023-05-012024-04-3004726095ns10:Director12023-05-012024-04-3004726095ns10:Director22023-05-012024-04-3004726095ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004726095ns10:SmallEntities2023-05-012024-04-3004726095ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004726095ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004726095ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004726095ns10:AbridgedAccounts2023-05-012024-04-300472609512023-05-012024-04-3004726095ns10:OrdinaryShareClass12023-05-012024-04-3004726095ns10:OrdinaryShareClass22023-05-012024-04-3004726095ns10:OrdinaryShareClass32023-05-012024-04-3004726095ns10:CompanySecretary12023-05-012024-04-3004726095ns10:RegisteredOffice2023-05-012024-04-3004726095ns5:CurrentFinancialInstruments2024-04-3004726095ns5:CurrentFinancialInstruments2023-04-3004726095ns5:Non-currentFinancialInstruments2024-04-3004726095ns5:Non-currentFinancialInstruments2023-04-3004726095ns5:ShareCapital2024-04-3004726095ns5:ShareCapital2023-04-3004726095ns5:RetainedEarningsAccumulatedLosses2024-04-3004726095ns5:RetainedEarningsAccumulatedLosses2023-04-3004726095ns5:NetGoodwill2023-05-012024-04-3004726095ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004726095ns5:LandBuildings2023-05-012024-04-3004726095ns5:PlantMachinery2023-05-012024-04-3004726095ns10:OrdinaryShareClass12024-04-3004726095ns10:OrdinaryShareClass22024-04-3004726095ns10:OrdinaryShareClass32024-04-30
REGISTERED NUMBER: 04726095 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Lewis Smith & Co.Limited
Trading as
Lewis Smith & Co.

Lewis Smith & Co.Limited (Registered number: 04726095)
Trading as Lewis Smith & Co.






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lewis Smith & Co.Limited
Trading as Lewis Smith & Co.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A J Smith FCCA
C A Beale FCCA



SECRETARY: Mrs K J Smith FCCA



REGISTERED OFFICE: The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW



REGISTERED NUMBER: 04726095 (England and Wales)



BANKERS: Lloyds Bank
13-14 High Street
Cradley Heath
West Midlands
B64 5HP

Lewis Smith & Co.Limited (Registered number: 04726095)
Trading as Lewis Smith & Co.

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,447 7,775
Tangible assets 5 61,097 59,160
79,544 66,935

CURRENT ASSETS
Stocks 65,000 57,000
Debtors 141,598 197,459
Cash at bank and in hand 114,609 61,321
321,207 315,780
CREDITORS
Amounts falling due within one year 217,182 183,336
NET CURRENT ASSETS 104,025 132,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,569

199,379

CREDITORS
Amounts falling due after more than one
year

33,805

72,596
NET ASSETS 149,764 126,783

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 149,664 126,683
SHAREHOLDERS' FUNDS 149,764 126,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Lewis Smith & Co.Limited (Registered number: 04726095)
Trading as Lewis Smith & Co.

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




A J Smith FCCA - Director



C A Beale FCCA - Director


Lewis Smith & Co.Limited (Registered number: 04726095)
Trading as Lewis Smith & Co.

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lewis Smith & Co.Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within a group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 5% on cost

Stocks and work in progress
Services provided to clients that are unbilled at the year end are recognised as work in progress and are valued at the lower of billable cost and recoverable amounts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Lewis Smith & Co.Limited (Registered number: 04726095)
Trading as Lewis Smith & Co.

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 100,626
Additions 23,784
At 30 April 2024 124,410
AMORTISATION
At 1 May 2023 92,851
Amortisation for year 13,112
At 30 April 2024 105,963
NET BOOK VALUE

At 30 April 2024 18,447
At 30 April 2023 7,775

Lewis Smith & Co.Limited (Registered number: 04726095)
Trading as Lewis Smith & Co.

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 122,411
Additions 10,225
At 30 April 2024 132,636
DEPRECIATION
At 1 May 2023 63,251
Charge for year 8,288
At 30 April 2024 71,539
NET BOOK VALUE
At 30 April 2024 61,097
At 30 April 2023 59,160

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
40 Ordinary £1 40 40
35 Preference Shares £1 35 35
25 "A" Preference Shares £1 25 25
100 100

7. ULTIMATE CONTROLLING PARTY

The controlling party is Lewis Smith Holdings Limited.

The ultimate controlling party is A J Smith FCCA.