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REGISTERED NUMBER: 11655161 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Lewis Concrete Limited

Lewis Concrete Limited (Registered number: 11655161)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Lewis Concrete Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr D C Lewis





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





BUSINESS ADDRESS: Units E & F Rollalong Site
Woolsbridge Industrial Park
Three Legged Cross
Wimborne
Dorset
BH21 6SF





REGISTERED NUMBER: 11655161 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Lewis Concrete Limited (Registered number: 11655161)

Abridged Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,042 381,563

CURRENT ASSETS
Stocks 159,332 168,484
Debtors 224,351 66,200
Prepayments and accrued income 24,763 20,347
Cash at bank and in hand 159,902 295,128
568,348 550,159
CREDITORS
Amounts falling due within one year 131,140 140,474
NET CURRENT ASSETS 437,208 409,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,250

791,248

CREDITORS
Amounts falling due after more than one year - (16,250 )

PROVISIONS FOR LIABILITIES (62,647 ) (70,277 )

ACCRUALS AND DEFERRED INCOME (9,892 ) (12,689 )
NET ASSETS 692,711 692,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 692,611 691,932
SHAREHOLDERS' FUNDS 692,711 692,032

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

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

The director acknowledges his 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 Concrete Limited (Registered number: 11655161)

Abridged Statement of Financial Position - continued
30 September 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 Statement of Financial Position for the year ended 30 September 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 director and authorised for issue on 21 February 2025 and were signed by:





Mr D C Lewis - Director


Lewis Concrete Limited (Registered number: 11655161)

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

1. STATUTORY INFORMATION

Lewis Concrete 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lewis Concrete Limited (Registered number: 11655161)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 money purchase pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Lewis Concrete Limited (Registered number: 11655161)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 544,156
Additions 22,007
Disposals (12,500 )
At 30 September 2024 553,663
DEPRECIATION
At 1 October 2023 162,593
Charge for year 72,114
Eliminated on disposal (9,086 )
At 30 September 2024 225,621
NET BOOK VALUE
At 30 September 2024 328,042
At 30 September 2023 381,563

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023
and 30 September 2024 129,380
DEPRECIATION
At 1 October 2023 11,317
Charge for year 17,710
At 30 September 2024 29,027
NET BOOK VALUE
At 30 September 2024 100,353
At 30 September 2023 118,063

Lewis Concrete Limited (Registered number: 11655161)

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

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 16,250 32,500
Between one and five years - 16,250
16,250 48,750

Non-cancellable operating leases
2024 2023
£    £   
Within one year 70,824 69,549
Between one and five years 27,315 98,139
98,139 167,688

6. PENSION COMMITMENTS

The company operates a money purchase pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £420 (2023 - £642) were due to the fund. These are included within creditors.

7. OTHER FINANCIAL COMMITMENTS

The company has total commitments under non-cancellable operating leases in respect of rent
over the remaining life of those leases of £92,334 (2023: £156,079).

The company also had vehicle leasing commitments under non-cancellable operating leases over the remaining life of those leases of £5,804 (2023 - £11,609) and hire purchase contract commitments totalling £16,250 (2023 - £48,750).

8. OFF-BALANCE SHEET ARRANGEMENTS

There were no off-balance sheet arrangements at the financial year end.

Lewis Concrete Limited (Registered number: 11655161)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr D C Lewis
Balance outstanding at start of year - -
Amounts advanced 338,517 10,559
Amounts repaid (174,419 ) (10,559 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 164,098 -

Interest was charged on the overdrawn director's loan balance at a rate of 2.25% per annum and this totalled £4,007 (2023 - £Nil) during the financial year.

Loans to the director are unsecured and repayable on demand.