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COMPANY REGISTRATION NUMBER: 7812300
Lewins House Ltd
Filleted Unaudited Financial Statements
30 September 2024
Lewins House Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
4,608
5,218
Current assets
Debtors
6
305,911
531,448
Cash at bank and in hand
384,063
211,244
---------
---------
689,974
742,692
Creditors: amounts falling due within one year
7
168,917
103,365
---------
---------
Net current assets
521,057
639,327
---------
---------
Total assets less current liabilities
525,665
644,545
Creditors: amounts falling due after more than one year
8
7,891
18,200
---------
---------
Net assets
517,774
626,345
---------
---------
Capital and reserves
Called up share capital
9
210
210
Capital redemption reserve
205
205
Profit and loss account
517,359
625,930
---------
---------
Shareholders funds
517,774
626,345
---------
---------
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.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lewins House Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 16 April 2025 , and are signed on behalf of the board by:
Mr J Cook
Director
Company registration number: 7812300
Lewins House Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 61 Macrae Road, Eden Office Park, Ham Green, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and 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.
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:
Equipment
-
33% straight line
Impairment of fixed assets
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 11 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2023
57,720
57,720
Additions
5,533
5,533
--------
--------
At 30 September 2024
63,253
63,253
--------
--------
Depreciation
At 1 October 2023
52,502
52,502
Charge for the year
6,143
6,143
--------
--------
At 30 September 2024
58,645
58,645
--------
--------
Carrying amount
At 30 September 2024
4,608
4,608
--------
--------
At 30 September 2023
5,218
5,218
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
287,577
214,361
Other debtors
18,334
317,087
---------
---------
305,911
531,448
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,311
10,057
Trade creditors
33,175
19,574
Corporation tax
37,008
6,672
Social security and other taxes
79,048
57,657
Other creditors
9,375
9,405
---------
---------
168,917
103,365
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,891
18,200
-------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary C shares of £ 1 each
200
200
200
200
Ordinary D shares of £ 1 each
5
5
5
5
Ordinary E shares of £ 1 each
5
5
5
5
----
----
----
----
210
210
210
210
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
45,000
45,000
Later than 1 year and not later than 5 years
157,500
202,500
---------
---------
202,500
247,500
---------
---------
11. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Cook
312,769
157,802
( 471,000)
( 429)
Ms J Stickland
2,500
2,500
---------
---------
---------
-------
315,269
157,802
( 471,000)
2,071
---------
---------
---------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Cook
299,991
389,377
( 376,599)
312,769
Ms J Stickland
2,500
2,500
---------
---------
---------
---------
302,491
389,377
( 376,599)
315,269
---------
---------
---------
---------
Directors loans incur interest at HMRC rates and are repayable on demand.