REGISTERED NUMBER: 02593439 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LEWIS COBB ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J H L Cobb

SECRETARY:

Mrs A E Cobb

REGISTERED OFFICE:

55 Loudoun Road

London

NW8 0DL

REGISTERED NUMBER:

02593439 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

1,900

2,535

CURRENT ASSETS

Debtors

5

7,975

25,955

CREDITORS

Amounts falling due within one year

6

(17,718

)

(22,079

)

NET CURRENT (LIABILITIES)/ASSETS

(9,743

)

3,876

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,843

)

6,411

CREDITORS

Amounts falling due after more than one year

7

(2,272

)

(5,687

)

PROVISIONS FOR LIABILITIES

9

(475

)

(482

)

NET (LIABILITIES)/ASSETS

(10,590

)

242

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(10,592

)

240

SHAREHOLDERS' FUNDS

(10,590

)

242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:

Mr J H L Cobb - Director

1.	STATUTORY INFORMATION

Lewis Cobb Associates 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.

The company's balance sheet shows net current liabilities of £9,743. The directors have indicated that they will continue to support the company for the foreseeable future should additional funding be required. On this basis, the financial statements have been prepared on the going concern basis.

Turnover

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

Tangible fixed assets

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

Computer equipment

-

15% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2023

7,544

Disposals

(500

)

At 30 September 2024

7,044

DEPRECIATION

At 1 October 2023

5,009

Charge for year

335

Eliminated on disposal

(200

)

At 30 September 2024

5,144

NET BOOK VALUE

At 30 September 2024

1,900

At 30 September 2023

2,535

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Other debtors

7,975

25,955

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts (see note 8)

9,197

13,439

Taxation and social security

6,801

7,640

Other creditors

1,720

1,000

17,718

22,079

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans (see note 8)

2,272

5,687

8.

LOANS

An analysis of the maturity of loans is given below:

30.9.24

30.9.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

5,587

9,829

Bank loans

3,610

3,610

9,197

13,439

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,272

3,610

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

2,077

9.	PROVISIONS FOR LIABILITIES

30.9.24

30.9.23

£

£

Deferred tax

475

482

Deferred

tax

£

Balance at 1 October 2023

482

Provided during year

(7

)

Balance at 30 September 2024

475

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.9.24

30.9.23

£

£

Mr J H L Cobb

Balance outstanding at start of year

25,955

21,877

Amounts advanced

5,318

8,078

Amounts repaid

(24,500

)

(4,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,773

25,955

The overdrawn director current account will be repaid by 30 June 2025.