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REGISTERED NUMBER: 11870245 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Lehmanns Books Limited

Lehmanns Books Limited (Registered number: 11870245)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lehmanns Books Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A C Morgan





REGISTERED OFFICE: Unit E
Viking Court
Rolling Mill Court
Jarrow
Tyne and Wear
NE32 3DP





REGISTERED NUMBER: 11870245 (England and Wales)





ACCOUNTANTS: Rosenthal & Co
Chartered Accountants
74 Whitehall Road
Gateshead
Tyne and Wear
NE8 4ET

Lehmanns Books Limited (Registered number: 11870245)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 300,000
Tangible assets 5 968,804 907,426
1,268,804 1,207,426

CURRENT ASSETS
Stocks 1,656,155 2,073,881
Debtors 6 642,817 696,458
Cash at bank 57,954 30,844
2,356,926 2,801,183
CREDITORS
Amounts falling due within one year 7 2,596,534 2,558,379
NET CURRENT (LIABILITIES)/ASSETS (239,608 ) 242,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,029,196

1,450,230

CREDITORS
Amounts falling due after more than one
year

8

772,225

873,740
NET ASSETS 256,971 576,490

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 344,895 344,895
Retained earnings (88,324 ) 231,195
256,971 576,490

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.

Lehmanns Books Limited (Registered number: 11870245)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

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





A C Morgan - Director


Lehmanns Books Limited (Registered number: 11870245)

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

1. STATUTORY INFORMATION

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

Intangible assets - goodwill
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.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on reducing balance

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 balance sheet date.


Lehmanns Books Limited (Registered number: 11870245)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 300,000
NET BOOK VALUE
At 30 June 2024 300,000
At 30 June 2023 300,000

Lehmanns Books Limited (Registered number: 11870245)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 858,722 181,013 1,039,735
Additions 71,527 34,835 106,362
Disposals (9,508 ) - (9,508 )
At 30 June 2024 920,741 215,848 1,136,589
DEPRECIATION
At 1 July 2023 15,138 117,171 132,309
Charge for year 16,158 19,318 35,476
At 30 June 2024 31,296 136,489 167,785
NET BOOK VALUE
At 30 June 2024 889,445 79,359 968,804
At 30 June 2023 843,584 63,842 907,426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 559,281 582,387
Other debtors 83,536 114,071
642,817 696,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 1,879,322 1,419,968
Trade creditors 604,050 1,057,314
Taxation and social security 7,950 19,731
Other creditors 105,212 61,366
2,596,534 2,558,379

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 772,225 873,740