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Company registration number: 08999291
Lew Brockhurst & Sons Ltd
Unaudited filleted financial statements
30 June 2024
Lew Brockhurst & Sons Ltd
Contents
Statement of financial position
Notes to the financial statements
Lew Brockhurst & Sons Ltd
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 23,716 31,624
_______ _______
23,716 31,624
Current assets
Debtors 5 36,490 25,447
Cash at bank and in hand 1,569 9,974
_______ _______
38,059 35,421
Creditors: amounts falling due
within one year 6 ( 34,412) ( 30,768)
_______ _______
Net current assets 3,647 4,653
_______ _______
Total assets less current liabilities 27,363 36,277
Creditors: amounts falling due
after more than one year 7 ( 8,613) ( 13,986)
_______ _______
Net assets 18,750 22,291
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 18,749 22,290
_______ _______
Shareholders funds 18,750 22,291
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 February 2025 , and are signed on behalf of the board by:
Darren Brockhurst
Director
Company registration number: 08999291
Lew Brockhurst & Sons Ltd
Notes to the financial statements
Year ended 30 June 2024
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 and 30 June 2024 1,522 962 46,994 49,478
_______ _______ _______ _______
Depreciation
At 1 July 2023 1,023 838 15,994 17,855
Charge for the year 125 31 7,751 7,907
_______ _______ _______ _______
At 30 June 2024 1,148 869 23,745 25,762
_______ _______ _______ _______
Carrying amount
At 30 June 2024 374 93 23,249 23,716
_______ _______ _______ _______
At 30 June 2023 499 124 31,000 31,623
_______ _______ _______ _______
5. Debtors
2024 2023
£ £
Trade debtors 8,383 9,839
Other debtors 28,107 15,608
_______ _______
36,490 25,447
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,000 5,000
Trade creditors 2,070 2,014
Corporation tax 23,043 20,952
Social security and other taxes 1,467 -
Other creditors 5,832 2,802
_______ _______
34,412 30,768
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 3,833 5,833
Other creditors 4,780 8,153
_______ _______
8,613 13,986
_______ _______