LEW Insulations Ltd - Filleted accounts

Registered number

14757789

LEW Insulations Ltd

Unaudited Filleted Accounts

31 March 2026

LEW Insulations Ltd
Registered number:		14757789
Balance Sheet
as at 31 March 2026
Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		47,402			43,527

Current assets
Stocks and work in progress		15,000			8,000
Debtors	4	161,440			129,246
Cash at bank and in hand		71,769			64,904
		248,209			202,150
Creditors: amounts falling due within one year	5	(160,856)			(106,612)

Net current assets			87,353			95,538

Total assets less current liabilities			134,755			139,065

Creditors: amounts falling due after more than one year	6		-			(8,529)

Provisions for liabilities			(10,884)			(10,884)

Net assets			123,871			119,652

Capital and reserves
Called up share capital			4			4
Profit and loss account			123,867			119,648
Shareholders' funds			123,871			119,652

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.

Mrs C Walton
Director
Approved by the board on 9 October 2026

LEW Insulations Ltd
Notes to the Accounts
for the year ended 31 March 2026


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). The reporting currency is Pounds Sterling (GBP) and all figures are rounded to the nearest £1.


	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:

	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 3 - 8 years
	Motor vehicles	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			2026		2025
Number					Number
	Average number of persons employed by the company			3		3

3	Tangible fixed assets
		Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	8,108		42,152		50,260
	Additions	12,969		6,781		19,750
	At 31 March 2026	21,077		48,933		70,010

	Depreciation
	At 1 April 2025	1,027		5,706		6,733
	Charge for the year	4,222		11,653		15,875
	At 31 March 2026	5,249		17,359		22,608

	Net book value
	At 31 March 2026	15,828		31,574		47,402
	At 31 March 2025	7,081		36,446		43,527





4	Debtors			2026		2025
£					£

	Trade debtors			153,812		92,213
	Other debtors			7,628		37,033
				161,440		129,246

5	Creditors: amounts falling due within one year			2026		2025
£					£
	Obligations under finance lease and hire purchase contracts			-		2,559
	Trade creditors			33,022		49,505
	Taxation and social security costs			79,741		31,151
	Other creditors			48,093		23,397
				160,856		106,612

6	Creditors: amounts falling due after one year			2026		2025
£					£
	Obligations under hire purchase contracts			-		8,529


7	Share Capital			2026		2025
£					£
	Ordinary shares of £0.01 each			Number	Number
	Authorised share capital			400		400

£					£
	Allotted, called up and fully paid			4		4

8	Controlling party

	The company is jointly owned and controlled by Mrs Carla Walton and Mr Mark Walton who together own over 75% of the issued share capital.

9	Other information

	LEW Insulations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 10 Adam Smith Street
	West Marsh Industrial Estate
	Grimsby
	N E Lincolnshire
	DN31 1SJ