Lewis J. Riley Limited - Filleted accounts

Registered number

01229371

Lewis J. Riley Limited

Filleted Accounts

31 March 2025

Lewis J. Riley Limited
Registered number:		01229371
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		526,828			544,234
Investments	5		454			454
			527,282			544,688

Current assets
Stocks		105,500			105,500
Debtors	6	9,840			4,431
Cash at bank and in hand		15,512			10,368
		130,852			120,299

Creditors: amounts falling due within one year	7	(543,525)			(537,735)

Net current liabilities			(412,673)			(417,436)

Total assets less current liabilities			114,609			127,252

Creditors: amounts falling due after more than one year	8		(8,316)			(19,274)



Net assets			106,293			107,978

Capital and reserves
Called up share capital			25,000			25,000
Profit and loss account			81,293			82,978

Shareholders' funds			106,293			107,978

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




L Hirst
Director
Approved by the board on 4 December 2025

Lewis J. Riley Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							12,363
	At 31 March 2025							12,363

	Amortisation
	At 1 April 2024							12,363
	At 31 March 2025							12,363

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	450,655		502,756		26,179		979,590
	Additions	-		21,773		18,500		40,273
	Disposals	-		(25,072)		(26,179)		(51,251)
	At 31 March 2025	450,655		499,457		18,500		968,612

	Depreciation
	At 1 April 2024	66,117		347,719		21,520		435,356
	Charge for the year	5,474		43,345		1,547		50,366
	On disposals	-		(21,642)		(22,296)		(43,938)
	At 31 March 2025	71,591		369,422		771		441,784

	Net book value
	At 31 March 2025	379,064		130,035		17,729		526,828
	At 31 March 2024	384,538		155,037		4,659		544,234


5	Investments

Other
investments
£
	Cost
	At 1 April 2024							454

	At 31 March 2025							454


6	Debtors					2025		2024
£							£

	Trade debtors					9,840		-
	Other debtors					-		4,431
						9,840		4,431


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					10,000		10,000
	Trade creditors					4,499		13,598
	Taxation and social security costs					(2,213)		(4,903)
	Other creditors					531,239		519,040
						543,525		537,735


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					8,316		19,274


9	Other information

	Lewis J. Riley Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Lower Hurst Farm
	Longwood
	Huddersfield
	HD3 3TG