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REGISTERED NUMBER: 03684278 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lomas and Company Accountants Limited

Lomas and Company Accountants Limited (Registered number: 03684278)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lomas and Company Accountants Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P J Lomas





SECRETARY: Mrs T A Lomas





REGISTERED OFFICE: Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR





REGISTERED NUMBER: 03684278 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Lomas and Company Accountants Limited (Registered number: 03684278)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 292,177 340,873
Tangible assets 5 49,478 31,070
341,655 371,943

CURRENT ASSETS
Debtors 6 318,960 239,905
Cash at bank and in hand 229,269 189,003
548,229 428,908
CREDITORS
Amounts falling due within one year 7 333,236 342,536
NET CURRENT ASSETS 214,993 86,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,648

458,315

CREDITORS
Amounts falling due after more than one
year

8

(47,500

)

(77,500

)

PROVISIONS FOR LIABILITIES (12,370 ) (7,768 )
NET ASSETS 496,778 373,047

CAPITAL AND RESERVES
Called up share capital 1,775 1,775
Retained earnings 495,003 371,272
SHAREHOLDERS' FUNDS 496,778 373,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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

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

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:



P J Lomas - Director


Lomas and Company Accountants Limited (Registered number: 03684278)

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

1. STATUTORY INFORMATION

Lomas and Company Accountants 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.

Turnover
Turnover represents services performed during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 973,923
AMORTISATION
At 1 July 2023 633,050
Charge for year 48,696
At 30 June 2024 681,746
NET BOOK VALUE
At 30 June 2024 292,177
At 30 June 2023 340,873

Lomas and Company Accountants Limited (Registered number: 03684278)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 16,382 475 77,790 94,647
Additions - 24,925 4,496 29,421
At 30 June 2024 16,382 25,400 82,286 124,068
DEPRECIATION
At 1 July 2023 14,378 119 49,080 63,577
Charge for year 301 608 10,104 11,013
At 30 June 2024 14,679 727 59,184 74,590
NET BOOK VALUE
At 30 June 2024 1,703 24,673 23,102 49,478
At 30 June 2023 2,004 356 28,710 31,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 186,692 147,855
Other debtors 132,268 92,050
318,960 239,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 1 (1 )
Taxation and social security 228,092 156,512
Other creditors 75,143 156,025
333,236 342,536

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 47,500 77,500

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
P J Lomas
Balance outstanding at start of year - -
Amounts advanced 46,963 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,963 -

Lomas and Company Accountants Limited (Registered number: 03684278)

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is P J Lomas.

The ultimate controlling party is P J Lomas.

The company is under the control or Mr P Lomas, by virtue of him holding the majority of the issued share capital.