Company Registration No. 02983966 (England and Wales)
L.W.Commissions Limited
Financial Accounts
for the year ended 31 October 2024
L.W.Commissions Limited
Financial Accounts
Contents
L.W.Commissions Limited
Company Information
for the year ended 31 October 2024
Company Number
02983966 (England and Wales)
Registered Office
Ashfield
Great Ellingham
Attleborough
Norfolk
NR17 1LP
England
Accountants
ASTON STEELE
Aston House
Cotchford Hill,
Hartfield
Sussex
TN7 4HA
L.W.Commissions Limited
Accountants' report
Accountants' report to the director of L.W.Commissions Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
L.W.Commissions Limited for the year ended
31 October 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of L.W.Commissions Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of L.W.Commissions Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L.W.Commissions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that L.W.Commissions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of L.W.Commissions Limited. You consider that L.W.Commissions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of L.W.Commissions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
ASTON STEELE
Aston House
Cotchford Hill,
Hartfield
Sussex
TN7 4HA
5 April 2025
L.W.Commissions Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
1,307,019
811,601
Creditors: amounts falling due within one year
(201,028)
(139,290)
Net current assets
1,946,173
1,814,660
Total assets less current liabilities
1,947,292
1,815,243
Provisions for liabilities
Net assets
1,947,042
1,815,093
Called up share capital
2
2
Profit and loss account
1,947,040
1,815,091
Shareholders' funds
1,947,042
1,815,093
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 April 2025 and were signed on its behalf by
Lee Wheeler
Director
Company Registration No. 02983966
L.W.Commissions Limited
Notes to the Accounts
for the year ended 31 October 2024
L.W.Commissions Limited is a private company, limited by shares, registered in England and Wales, registration number 02983966. The registered office is Ashfield, Great Ellingham, Attleborough, Norfolk, NR17 1LP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
L.W.Commissions Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
839,874
1,142,098
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
51,214
12,070
Loans from directors
144,750
124,221
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).