REGISTERED NUMBER: 06529886 (England and Wales)

LEWIS PEARSON LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G T Lewis

Mrs L J Lewis

Mrs A M Lewis

SECRETARY:

G T Lewis

REGISTERED OFFICE:

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

REGISTERED NUMBER:

06529886 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Tangible assets

4

2,407,646

1,741,505

CURRENT ASSETS

Stocks

337,217

319,777

Debtors

5

170,912

271,819

508,129

591,596

CREDITORS

Amounts falling due within one year

6

494,667

519,135

NET CURRENT ASSETS

13,462

72,461

TOTAL ASSETS LESS CURRENT LIABILITIES

2,421,108

1,813,966

CREDITORS

Amounts falling due after more than one year

7

(1,124,921

)

(679,498

)

PROVISIONS FOR LIABILITIES

(223,665

)

(199,919

)

ACCRUALS AND DEFERRED INCOME

(45,750

)

(30,899

)

NET ASSETS

1,026,772

903,650

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,026,672

903,550

SHAREHOLDERS' FUNDS

1,026,772

903,650

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 December 2025 and were signed on its behalf by:

G T Lewis - Director

1.	STATUTORY INFORMATION

Lewis Pearson 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.

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.

Tangible fixed assets

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

Improvements to property

-

2% straight line

Plant and machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

15% reducing balance

Computer equipment

-

Straight line over 4 years

Stocks

Livestock are valued at 60% of the market value and deadstock is valued at market value.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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.

Herd

The production herd has been included within the fixed assets at tax value under S122 Corporation Tax Act 2009, as there is a herd basis election in place.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

Herd

property

machinery

£

£

£

£

COST

At 1 April 2024

137,275

219,891

374,580

1,749,867

Additions

539,000

8,670

-

250,435

Disposals

-

-

-

(46,400

)

At 31 March 2025

676,275

228,561

374,580

1,953,902

DEPRECIATION

At 1 April 2024

-

-

42,315

972,986

Charge for year

-

-

6,646

151,585

Eliminated on disposal

-

-

-

(29,620

)

At 31 March 2025

-

-

48,961

1,094,951

NET BOOK VALUE

At 31 March 2025

676,275

228,561

325,619

858,951

At 31 March 2024

137,275

219,891

332,265

776,881

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,800

486,301

6,091

2,977,805

Additions

-

129,500

1,716

929,321

Disposals

-

(79,000

)

-

(125,400

)

At 31 March 2025

3,800

536,801

7,807

3,781,726

DEPRECIATION

At 1 April 2024

3,340

212,919

4,740

1,236,300

Charge for year

69

55,772

1,262

215,334

Eliminated on disposal

-

(47,934

)

-

(77,554

)

At 31 March 2025

3,409

220,757

6,002

1,374,080

NET BOOK VALUE

At 31 March 2025

391

316,044

1,805

2,407,646

At 31 March 2024

460

273,382

1,351

1,741,505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

141,102

223,166

Other debtors

29,810

48,653

170,912

271,819

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

202,154

191,773

Hire purchase contracts

134,241

82,249

Trade creditors

94,303

129,832

Taxation and social security

4,640

4,196

Other creditors

59,329

111,085

494,667

519,135

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

137,922

108,141

Other creditors

986,999

571,357

1,124,921

679,498

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

986,999

571,357

9.	RELATED PARTY DISCLOSURES

The company has use of land and buildings owned by the directors. A rent of £7,737 was charged by the directors in the year.

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £55,767 (2024 - £107,627).