REGISTERED NUMBER: 04140028

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

W.P. LEWIS & SON (GREENFIELD GARAGE)

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S L Lloyd

Mr M R Lewis

SECRETARY:

Mr S L Lloyd

REGISTERED OFFICE:

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA611SB

REGISTERED NUMBER:

04140028

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

267,332

249,196

267,332

249,196

CURRENT ASSETS

Inventories

1,008,981

1,014,246

Debtors

6

180,751

227,614

Cash at bank and in hand

18,459

111,779

1,208,191

1,353,639

CREDITORS

Amounts falling due within one year

7

908,146

1,095,569

NET CURRENT ASSETS

300,045

258,070

TOTAL ASSETS LESS CURRENT LIABILITIES

567,377

507,266

PROVISIONS FOR LIABILITIES

17,427

10,015

NET ASSETS

549,950

497,251

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

549,800

497,101

SHAREHOLDERS' FUNDS

549,950

497,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 September 2025 and were signed on its behalf by:

Mr S L Lloyd - Director

Mr M R Lewis - Director

1.	STATUTORY INFORMATION

W.P. Lewis & Son (Greenfield Garage) Limited is a private company, limited by shares , registered in Not specified/Other. 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 directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

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

The balance of goodwill is being amortised over a period of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment

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

Improvements to property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

150,000

AMORTISATION

At 1 February 2024

and 31 January 2025

150,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

239,864

153,766

36,032

102,315

531,977

Additions

6,059

27,679

880

737

35,355

At 31 January 2025

245,923

181,445

36,912

103,052

567,332

DEPRECIATION

At 1 February 2024

43,379

127,508

28,259

83,635

282,781

Charge for year

4,919

8,090

1,298

2,912

17,219

At 31 January 2025

48,298

135,598

29,557

86,547

300,000

NET BOOK VALUE

At 31 January 2025

197,625

45,847

7,355

16,505

267,332

At 31 January 2024

196,485

26,258

7,773

18,680

249,196

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

119,895

164,838

Other debtors

60,856

62,776

180,751

227,614

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

53,688

72,329

Trade creditors

730,777

847,775

Taxation and social security

20,818

71,898

Other creditors

102,863

103,567

908,146

1,095,569

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

53,688

72,329

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits owed to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mrs P V M Lewis

Balance outstanding at start of year

(33,575

)

(33,565

)

Amounts repaid

(10

)

(10

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(33,585

)

(33,575

)

Mr S L Lloyd

Balance outstanding at start of year

(384

)

(570

)

Amounts advanced

77,006

186

Amounts repaid

(47,059

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,563

(384

)