REGISTERED NUMBER: 10305472 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2024

for

LEW Wealth Management Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr L White

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

10305472 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

49,333

65,135

CURRENT ASSETS

Debtors

6

189,132

229,807

Cash at bank

210

-

189,342

229,807

CREDITORS

Amounts falling due within one year

7

(188,669

)

(193,881

)

NET CURRENT ASSETS

673

35,926

TOTAL ASSETS LESS CURRENT LIABILITIES

50,006

101,061

CREDITORS

Amounts falling due after more than one year

8

(84,266

)

(100,409

)

PROVISIONS FOR LIABILITIES

(5,861

)

(12,376

)

NET LIABILITIES

(40,121

)

(11,724

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(40,123

)

(11,726

)

SHAREHOLDERS' FUNDS

(40,121

)

(11,724

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:

Mr L White - Director

1.	STATUTORY INFORMATION

LEW Wealth Management Ltd 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention. The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2021/2022 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Between 20% & 25% on cost straight line

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 31 March 2023

and 30 March 2024

8,818

96,506

476

105,800

DEPRECIATION

At 31 March 2023

3,999

36,190

476

40,665

Charge for year

723

15,079

-

15,802

At 30 March 2024

4,722

51,269

476

56,467

NET BOOK VALUE

At 30 March 2024

4,096

45,237

-

49,333

At 30 March 2023

4,819

60,316

-

65,135

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

189,132

229,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,500

7,501

Hire purchase contracts

11,520

10,287

Trade creditors

4,380

2,580

Taxation and social security

163,470

170,872

Other creditors

1,799

2,641

188,669

193,881

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

38,276

41,667

Hire purchase contracts

45,990

58,742

84,266

100,409

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

-

1,667

-

1,667

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2024 and 30 March 2023:

2024

2023

£

£

Mr L White

Balance outstanding at start of year

173,438

174,734

Amounts advanced

4,260

62,393

Amounts repaid

(33,613

)

(63,689

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

144,085

173,438