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Registered number: 08878899
LEWIS FARR LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
Annette Ferguson Scotland Ltd
28 Kittlegairy Crescent
Peebles
EH45 9NJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08878899
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 30,436 18,172
30,436 18,172
CURRENT ASSETS
Stocks 6 3,622 8,442
Debtors 7 9,141 -
Cash at bank and in hand 19,217 33,005
31,980 41,447
Creditors: Amounts Falling Due Within One Year 8 (36,111 ) (20,140 )
NET CURRENT ASSETS (LIABILITIES) (4,131 ) 21,307
TOTAL ASSETS LESS CURRENT LIABILITIES 26,305 39,479
Creditors: Amounts Falling Due After More Than One Year 9 (27,010 ) (36,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,881 ) (945 )
NET (LIABILITIES)/ASSETS (2,586 ) 2,234
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (2,588 ) 2,232
SHAREHOLDERS' FUNDS (2,586) 2,234
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Garry Farr
Director
17/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LEWIS FARR LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08878899 . The registered office is 8 Central Street, Halifax, HX1 1HU.
Presentation currency
The accounts are presented in £ sterling
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold 12.5% Straight Line Method
Fixtures & Fittings 20% Reducing Balance Method
Computer Equipment 50% Reducing Balance Method
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 120,000
As at 29 February 2024 120,000
Amortisation
As at 1 March 2023 120,000
As at 29 February 2024 120,000
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
Page 3
Page 4
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 68,149 20,630 656 89,435
Additions 9,981 6,618 - 16,599
As at 29 February 2024 78,130 27,248 656 106,034
Depreciation
As at 1 March 2023 54,951 15,819 493 71,263
Provided during the period 2,640 1,532 163 4,335
As at 29 February 2024 57,591 17,351 656 75,598
Net Book Value
As at 29 February 2024 20,539 9,897 - 30,436
As at 1 March 2023 13,198 4,811 163 18,172
6. Stocks
2024 2023
£ £
Finished goods 3,622 8,442
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 230 -
Directors' loan accounts 8,911 -
9,141 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,804 -
Corporation tax 3,931 3,814
Other taxes and social security 6,115 2,956
VAT 12,193 2,042
Other creditors 1,168 620
Accruals and deferred income 900 900
Directors' loan accounts - 9,808
36,111 20,140
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,010 36,300
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
Page 5