Lewis Business Media (Arts) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09762838 (England and Wales)

Lewis Business Media (Arts) Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S T E Lewis

Mr J G Lewis

Mrs E A Lewis

Mrs S J Lewis

REGISTERED OFFICE:

Suite A, Arun House

Office Village

River Way

Uckfield

East Sussex

TN22 1SL

REGISTERED NUMBER:

09762838 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

438,820

499,646

Tangible assets

5

11,420

14,528

450,240

514,174

CURRENT ASSETS

Debtors

6

176,974

274,617

Cash at bank and in hand

615,819

142,765

792,793

417,382

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

715,550

384,588

NET CURRENT ASSETS

77,243

32,794

TOTAL ASSETS LESS CURRENT
LIABILITIES

527,483

546,968

PROVISIONS FOR LIABILITIES

7,550

6,902

NET ASSETS

519,933

540,066

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

519,932

540,065

519,933

540,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr S T E Lewis - Director

1.	STATUTORY INFORMATION

Lewis Business Media (Arts) 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.

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

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Publications

Publications are being amortised evenly over their estimated useful life of ten years. Provision is made for any impairment.

Websites

Identifiable website development that will benefit the company in future years through direct income generation is capitalised and amortised on a straight line basis over its useful life of three years. Provision is made for any impairment.

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 cost

Computer equipment

-

33% on cost

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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to its employees' pension schemes. Contributions payable to the pension schemes are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Websites

and

domain

Goodwill

Publications

names

Totals

£

COST

At 1 January 2024

200,645

269,921

41,301

511,867

Disposals

-

(1

)

-

(1

)

At 31 December 2024

200,645

269,920

41,301

511,866

AMORTISATION

At 1 January 2024

3,344

6,582

2,295

12,221

Amortisation for year

20,065

26,993

13,767

60,825

At 31 December 2024

23,409

33,575

16,062

73,046

NET BOOK VALUE

At 31 December 2024

177,236

236,345

25,239

438,820

At 31 December 2023

197,301

263,339

39,006

499,646

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

7,323

7,894

15,217

Additions

-

1,485

At 31 December 2024

7,323

9,379

16,702

DEPRECIATION

At 1 January 2024

247

442

689

Charge for year

1,464

3,129

4,593

At 31 December 2024

1,711

3,571

5,282

NET BOOK VALUE

At 31 December 2024

5,612

5,808

11,420

At 31 December 2023

7,076

7,452

14,528

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

85,998

146,382

Other debtors

90,976

128,235

176,974

274,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

122,212

110,346

Taxation and social security

59,014

58,241

Other creditors

534,324

216,001

715,550

384,588

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

Nil

Ordinary

£0.01

-

0.97

48

Ordinary A

£0.01

0.48

0.03

48

Ordinary B

£0.01

0.48

-

4

Ordinary C

£0.01

0.04

-

1.00

The Ordinary A and Ordinary B shares rank pari passu in all respects. The Ordinary C shares hold no voting rights, but rank pari passu to the other share types in all other respects.

The company reclassified the share capital on 24 September 2024.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed directors amounts totalling £500,000 (2023 - £100,000). These loans are unsecured, interest free and repayable on demand.

During the year the company paid dividends to the directors totalling £125,000 (2023 - £nil).