7 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 215,000 215,000 215,000 15,426 3,435 18,861 14,575 1,353 15,928 2,933 851 xbrli:pure xbrli:shares iso4217:GBP 04298589 2024-03-01 2025-02-28 04298589 2025-02-28 04298589 2024-02-29 04298589 2023-03-01 2024-02-29 04298589 2024-02-29 04298589 2023-02-28 04298589 core:NetGoodwill 2024-03-01 2025-02-28 04298589 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 04298589 bus:Director1 2024-03-01 2025-02-28 04298589 core:WithinOneYear 2025-02-28 04298589 core:WithinOneYear 2024-02-29 04298589 core:ShareCapital 2025-02-28 04298589 core:ShareCapital 2024-02-29 04298589 core:RetainedEarningsAccumulatedLosses 2025-02-28 04298589 core:RetainedEarningsAccumulatedLosses 2024-02-29 04298589 core:NetGoodwill 2025-02-28 04298589 core:NetGoodwill 2024-02-29 04298589 bus:SmallEntities 2024-03-01 2025-02-28 04298589 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04298589 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04298589 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04298589 bus:FullAccounts 2024-03-01 2025-02-28 04298589 bus:OrdinaryShareClass1 2025-02-28 04298589 bus:OrdinaryShareClass1 2024-02-29 04298589 core:OfficeEquipment 2024-03-01 2025-02-28 04298589 core:OfficeEquipment 2024-02-29 04298589 core:OfficeEquipment 2025-02-28
COMPANY REGISTRATION NUMBER: 04298589
Lewis Christopher Limited
Filleted Unaudited Financial Statements
28 February 2025
Lewis Christopher Limited
Statement of Financial Position
28 February 2025
2025
2024
Note
£
£
Fixed assets
Intangible assets
5
215,000
215,000
Tangible assets
6
2,933
851
---------
---------
217,933
215,851
Current assets
Debtors
7
15,107
29,165
Cash at bank and in hand
87,072
60,318
---------
--------
102,179
89,483
Creditors: amounts falling due within one year
8
79,891
69,302
---------
--------
Net current assets
22,288
20,181
---------
---------
Total assets less current liabilities
240,221
236,032
Provisions
733
213
---------
---------
Net assets
239,488
235,819
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
239,388
235,719
---------
---------
Shareholders funds
239,488
235,819
---------
---------
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 28 February 2025 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lewis Christopher Limited
Statement of Financial Position (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 9 April 2025 , and are signed on behalf of the board by:
Mr G Cardno
Director
Company registration number: 04298589
Lewis Christopher Limited
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
Lewis Christopher Limited is a private company limited by shares incorporated in England and Wales. The registered office address is 8 The Old Yard, Lodge Farm Business Centre, Castlethorpe, Milton Keynes, MK19 7ES. The business address is Gloucester House, 399 Silbury Boulevard, Central Milton Keynes, MK9 2AH.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the view of the director in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years. The director considers the current value of the goodwill to be in excess of cost and therefore no amortisation is provided for.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and investments in ordinary shares. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2024 and 28 February 2025
215,000
---------
Amortisation
At 1 March 2024 and 28 February 2025
---------
Carrying amount
At 28 February 2025
215,000
---------
At 29 February 2024
215,000
---------
6. Tangible assets
Equipment
£
Cost
At 1 March 2024
15,426
Additions
3,435
--------
At 28 February 2025
18,861
--------
Depreciation
At 1 March 2024
14,575
Charge for the year
1,353
--------
At 28 February 2025
15,928
--------
Carrying amount
At 28 February 2025
2,933
--------
At 29 February 2024
851
--------
7. Debtors
2025
2024
£
£
Trade debtors
6,090
4,656
Other debtors
9,017
24,509
--------
--------
15,107
29,165
--------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,862
11,510
Social security and other taxes
54,595
43,834
Other creditors
18,434
13,958
--------
--------
79,891
69,302
--------
--------
9. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Director's advances, credits and guarantees
Other debtors includes an amount of £Nil (2024: £15,700) in respect of an advance made to the director during the year, which has since been repaid in full.