D & E Lewis Consultancy Limited 31/03/2022 iXBRL

D & E Lewis Consultancy Limited 31/03/2022 iXBRL

D & E LEWIS CONSULTANCY LIMITED - Company Information

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31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 4678723 2021-04-01 2022-03-31 4678723 2022-03-31 4678723 2021-03-31 4678723 2020-04-01 2021-03-31 4678723 2021-03-31 4678723 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 4678723 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 4678723 bus:Director1 2021-04-01 2022-03-31 4678723 core:WithinOneYear 2022-03-31 4678723 core:WithinOneYear 2021-03-31 4678723 core:IntangibleAssetsOtherThanGoodwill 2021-03-31 4678723 core:IntangibleAssetsOtherThanGoodwill 2022-03-31 4678723 core:FurnitureFittingsToolsEquipment 2021-03-31 4678723 core:FurnitureFittingsToolsEquipment 2022-03-31 4678723 core:ShareCapital 2022-03-31 4678723 core:ShareCapital 2021-03-31 4678723 core:RetainedEarningsAccumulatedLosses 2022-03-31 4678723 core:RetainedEarningsAccumulatedLosses 2021-03-31 4678723 bus:OrdinaryShareClass1 core:ShareCapital 2022-03-31 4678723 bus:OrdinaryShareClass1 core:ShareCapital 2021-03-31 4678723 core:IntangibleAssetsOtherThanGoodwill 2021-04-01 2022-03-31 4678723 core:IntangibleAssetsOtherThanGoodwill 2021-03-31 4678723 core:FurnitureFittingsToolsEquipment 2021-03-31 4678723 bus:SmallEntities 2021-04-01 2022-03-31 4678723 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 4678723 bus:FullAccounts 2021-04-01 2022-03-31 4678723 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 4678723 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 4678723 core:NetGoodwill 2021-04-01 2022-03-31
Company registration number: 4678723
D & E Lewis Consultancy Limited
Unaudited filleted financial statements
31 March 2022
D & E Lewis Consultancy Limited
Contents
Balance sheet
Notes to the financial statements
D & E Lewis Consultancy Limited
Balance sheet
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Intangible assets 5 8,220 6,720
Tangible assets 6 1,713 2,575
_______ _______
9,933 9,295
Current assets
Cash at bank and in hand 39,702 57,797
_______ _______
39,702 57,797
Creditors: amounts falling due
within one year 7 ( 30,664) ( 30,870)
_______ _______
Net current assets 9,038 26,927
_______ _______
Net assets 18,971 36,222
_______ _______
Capital and reserves
Called up share capital 8 2 2
Profit and loss account 18,969 36,220
_______ _______
Shareholders funds 18,971 36,222
_______ _______
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2023 , and are signed on behalf of the board by:
...................................
Mr E R Lewis
Director
Company registration number: 4678723
D & E Lewis Consultancy Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in Wales. The address of the registered office is 2 Tenby House, Bishops Close, Whitchurch, Cardiff, CF14 1NG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website development - 3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 April 2021 10,520 10,520
Additions 5,000 5,000
_______ _______
At 31 March 2022 15,520 15,520
_______ _______
Amortisation
At 1 April 2021 3,800 3,800
Charge for the year 3,500 3,500
_______ _______
At 31 March 2022 7,300 7,300
_______ _______
Carrying amount
At 31 March 2022 8,220 8,220
_______ _______
At 31 March 2021 6,720 6,720
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2021 and 31 March 2022 20,223 20,223
_______ _______
Depreciation
At 1 April 2021 17,648 17,648
Charge for the year 862 862
_______ _______
At 31 March 2022 18,510 18,510
_______ _______
Carrying amount
At 31 March 2022 1,713 1,713
_______ _______
At 31 March 2021 2,575 2,575
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Accruals and deferred income 2,160 1,500
Taxation and social security 7,312 13,993
Director loan accounts 21,192 15,377
_______ _______
30,664 30,870
_______ _______
8. Called up share capital
Issued, called up and fully paid
2022 2021
No £ No £
Ordinary shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______