REGISTERED NUMBER: 01179246 (England and Wales)

E G LEWIS & COMPANY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T F Lewis

Mrs S W Lewis

REGISTERED OFFICE:

Tank Farm Road

Llandarcy

Neath

SA10 6EN

REGISTERED NUMBER:

01179246 (England and Wales)

AUDITORS:

Bevan Buckland Audit Ltd (Statutory Auditors)

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

BANKERS:

Natwest

Phoenix Way

Llansamlet

Swansea

SA7 9FS

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

43,410

57,863

43,410

57,863

CURRENT ASSETS

Inventories

6

217,916

65,708

Debtors

7

4,846,503

5,160,407

Cash at bank

247,396

249,164

5,311,815

5,475,279

CREDITORS

Amounts falling due within one year

8

4,096,777

4,290,032

NET CURRENT ASSETS

1,215,038

1,185,247

TOTAL ASSETS LESS CURRENT LIABILITIES

1,258,448

1,243,110

CREDITORS

Amounts falling due after more than one year

9

(16,186

)

-

PROVISIONS FOR LIABILITIES

11

(238,300

)

(241,666

)

NET ASSETS

1,003,962

1,001,444

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

1,003,902

1,001,384

SHAREHOLDERS' FUNDS

1,003,962

1,001,444

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 15 October 2026 and were signed on its behalf by:

T F Lewis - Director

1.	STATUTORY INFORMATION

E G Lewis & Company 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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be appropriate and reasonable in the circumstances.

a) Critical judgements in applying the company's accounting policies

i) Recoverability of amounts owed by group undertakings.

The company is owed £3,999,027 by its parent undertakings. The directors have considered the group's plan to settle the balances through distributions from the company over time. Having regard to the company's distributable reserves and forecast profits, they have concluded that no impairment is required. This judgement depends on the company continuing to generate sufficient profits.

b) Key accounting estimates and assumptions

i) Long term contracts

Where the Company enters into long term contracts, revenue is recognised on the percentage of completion basis. Under the percentage of completion method, the Company makes an estimate of the percentage to complete for a project and recognises the proportion of revenue and profit accordingly. In forecasting the profitability of contracts, management makes best estimates of the impact of customer disputes and claims brought by contractors. Any expected losses on long term contracts are recognised immediately and are written off to the income statement.

Turnover

Turnover from the sale of goods is recognised in the profit and loss account when significant risks and rewards of ownership have been transferred to the buyer. Turnover from the projects or contracts is recognised as income in proportion to the stage of completion of the transaction at the balance sheet date. The stage of completion is assessed depending on the specific circumstances of each case. No turnover is recognised if there are significant uncertainties regarding recovery of the consideration due to associated costs, or there is the possibility of return of the goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of four years.

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

-

15% on cost

Plant and Machinery

-

Straight line over 4 years

Fixtures and fittings

-

15% reducing balance

Computer equipment

-

33% - Straight Line

All categories of assets are measured using the cost method. Cost comprises the purchase price of the asset and expenditure directly attributable to the acquisition of the item.

A fixed asset is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Work in Progress

Work-in-progress represents the cost of services rendered and materials used on projects that have not yet reached completion. For accounting purposes, WIP is recognised as part of the company's assets until the project is invoiced or otherwise recognised as revenue.

The revenue associated with each construction project is recognised based on the percentage of completion method, whereby the revenue and costs are recognised in proportion to the work performed as at the reporting date.

Revenue from construction contracts is recognised based on the stage of completion. This is determined as the proportion of contract costs incurred for work performed to date relative to the estimated total contract costs. Revenue recognised on WIP is limited to the amount that is reasonably certain to be recoverable.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised immediately as an expense in the income statement. The amount recognised is the expected excess of costs over revenue, measured at the reporting date.

WIP is reviewed at each reporting date to ensure it remains recoverable. Any impairment loss is recognised if the carrying amount exceeds its net realisable value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other receivables and payables, amounts due to and from related parties.

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debt instruments like loans and other receivables and payables are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying value and the present value of estimated cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the group would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount recognised in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. At each reporting date non-financial assets not carried at fair value, such as property, plant and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less costs to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies are initially recognised at transaction price unless the measurement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provisions for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Amounts Recoverable under contracts

Amounts recoverable under contracts represent work done at the year-end where a continuing right to receive income exists and is valued at the estimated amount recoverable in excess of fees already rendered on account.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised in the balance sheet and depreciated over the term of the lease. 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.

Government grants

Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets while grants related to expenses are recognised in the period to which they relate.

Deferred Income

Deferred income represents monies received in advance for contracts.

Intercompany balances

Amounts owed by group undertakings are repayable on demand and are therefore measured at the undiscounted amount receivable, less any impairment.

Provisions for liabilities

Provisions are made when an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the income statement in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Dilapidation Provision

Provisions are made for dilapidations, estimate for the provision is based on expected cost to restore the building to its original state.

Share Capital

Ordinary shares are classified as equity.

Dividends to equity holders

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividend and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

Going Concern

The directors have assessed the company's ability to continue as a going concern for at least twelve months from the date of approval, including the recoverability of amounts owed by group undertakings and the company's reliance on key customers. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

82,200

AMORTISATION

At 1 February 2025

and 31 January 2026

82,200

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

Computer

property

Machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

and 31 January 2026

95,493

56,211

17,517

42,921

212,142

DEPRECIATION

At 1 February 2025

95,493

-

16,045

42,741

154,279

Charge for year

-

14,053

220

180

14,453

At 31 January 2026

95,493

14,053

16,265

42,921

168,732

NET BOOK VALUE

At 31 January 2026

-

42,158

1,252

-

43,410

At 31 January 2025

-

56,211

1,472

180

57,863

6.	INVENTORIES

2026

2025

£

£

Inventories

15,877

28,087

Work-in-progress

202,039

37,621

217,916

65,708

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

708,616

721,898

Amounts owed by group undertakings

3,999,027

4,125,801

Amounts owed by RLP

-

340

Other debtors

19,433

114,042

Amounts due from contracts

72,583

-

VAT

21,116

155,516

Prepayments

25,728

42,810

4,846,503

5,160,407

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

286,897

199,526

Amounts owed to group undertakings

3,068

17,931

Amounts owed to RLP

50,695

35,447

Tax

105,854

78,054

Social security and other taxes

21,150

19,964

Other creditors, accruals and

deferred income

3,621,021

3,939,110

Deferred government grants

8,092

-

4,096,777

4,290,032

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Deferred government grants

16,186

-

Government Grants

£

At 1st February 2025

-

Grants received in the year

32,370

Released to the income statement

(8,092

)

At 31st January 2026

24,278

Due within one year

8,092

Due after more than one year

16,186

Total

24,278

10.	SECURED DEBTS

At 31 January 2026 Lloyds Bank PLC held fixed and floating charges, containing negative pledges, over the property and undertaking of the company. These charges were satisfied on 27 April 2026.

T F Lewis and Mrs S W Lewis, directors of the company, hold a fixed and floating charge, containing a negative pledge, over all the property and undertaking of the company, created on 11 August 2022.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

10,853

14,219

Other provisions

227,447

227,447

238,300

241,666

Dilapidati

Deferred

-on

tax

Costs

£

£

Balance at 1 February 2025

14,219

227,447

Credit to Income Statement during year

(3,366

)

-

Accelerated Capital Allowances

Balance at 31 January 2026

10,853

227,447

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Henry Lloyd-Davies (Senior Statutory Auditor)

for and on behalf of Bevan Buckland Audit Ltd (Statutory Auditors)

13.	ENTITIES WITH CONTROL, JOINT CONTROL OR INFLUENCE OVER THE ENTITY

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2026

2025

£

£

Sales

96,456

82,269

Purchases

2,189,903

4,005,669

Amounts due from related party

-

340

Amounts due to related party

50,695

35,447

14.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is E. G. Lewis Holdings Limited (registered number 07476424), a company registered in England and Wales. Its registered office is Tank Farm Road, Llandarcy, Neath, SA10 6EN.

The company's ultimate parent undertaking is E G Lewis Group Industrial Services Ltd (registered number 14183375), a company registered in England and Wales. Its registered office is Tank Farm Road, Llandarcy, Neath, SA10 6EN.

E G Lewis Group Industrial Services Ltd is the parent undertaking of both the largest and smallest group of undertakings of which the company is a member and for which group financial statements are prepared. Copies of the group financial statements can be obtained from Companies House or from the registered office above.

In the opinion of the directors, there is no single ultimate controlling party of E G Lewis Group Industrial Services Ltd.