Registration number:
LWS Group Limited
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LWS Group Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
LWS Group Limited
Company Information
Director |
L Walshe |
Registered office |
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Accountants |
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LWS Group Limited
Statement of Financial Position as at 30 September 2023
Note |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,001 |
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Retained earnings |
11,879 |
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Shareholders' funds |
12,880 |
For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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L Walshe
Director
Company registration number: 14504101
LWS Group Limited
Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of an investment holding company.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The company made a profit for the period ended 30 September 2023 and had net assets at that date of £12,880.
The company has few fixed overheads. The company's subsidiary is profitable and the director anticipates that it will continue to support the company's working capital requirements for the foreseeable future.
On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
LWS Group Limited
Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 September 2023
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company during the period, was
Investments |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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Additions and 30 September 2023 |
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Provision |
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Carrying amount |
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At 30 September 2023 |
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LWS Group Limited
Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 September 2023
Debtors |
2023 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
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Trade creditors |
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Related party transactions |
In accordance with FRS 102 paragraph 1AC.35, exemption is taken not to disclose transactions or amounts fully due with companies wholly controlled within the group.
Non adjusting events after the financial period |
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