Lewis Ashley Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04660413 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2022

for

Lewis Ashley Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

L C Cator

L A Cator

REGISTERED OFFICE:

Unit 5A Brooksbank Industrial Estate

Tower House Lane

Hull

East Yorkshire

HU12 8EE

REGISTERED NUMBER:

04660413 (England and Wales)

ACCOUNTANTS:

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Santander UK plc

6-8 King Edward Street

Hull

East Yorkshire

HU1 3SS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

449,835

241,646

449,835

241,646

CURRENT ASSETS

Debtors

423,715

1,683,604

CREDITORS

Amounts falling due within one year

299,558

259,651

NET CURRENT ASSETS

124,157

1,423,953

TOTAL ASSETS LESS CURRENT LIABILITIES

573,992

1,665,599

CREDITORS

Amounts falling due after more than one year

(170,833

)

(250,000

)

PROVISIONS FOR LIABILITIES

(54,232

)

(50,746

)

NET ASSETS

348,927

1,364,853

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

348,925

1,364,851

SHAREHOLDERS' FUNDS

348,927

1,364,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th June 2023 and were signed on its behalf by:

L C Cator - Director

1.	STATUTORY INFORMATION

Lewis Ashley Services 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.

Preparation of consolidated financial statements

The financial statements contain information about Lewis Ashley Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2021

and 30th September 2022

50,000

AMORTISATION

At 1st October 2021

and 30th September 2022

50,000

NET BOOK VALUE

At 30th September 2022

-

At 30th September 2021

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2021

734,432

Additions

249,825

At 30th September 2022

984,257

DEPRECIATION

At 1st October 2021

492,786

Charge for year

41,636

At 30th September 2022

534,422

NET BOOK VALUE

At 30th September 2022

449,835

At 30th September 2021

241,646

6.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank overdrafts

74,927

485

Bank loans

220,833

259,917

295,760

260,402

The company's bank loan and overdraft facility are secured by way of a fixed and floating charge over the company's assets.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2022 and 30th September 2021:

2022

2021

£

£

L C Cator

Balance outstanding at start of year

43,142

50,270

Amounts advanced

-

43,142

Amounts repaid

(43,142

)

(50,270

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

43,142

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lewis Ashley Services Limited for the year ended 30th September 2022 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lewis Ashley Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lewis Ashley Services Limited and state those matters that we have agreed to state to the Board of Directors of Lewis Ashley Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lewis Ashley Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lewis Ashley Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lewis Ashley Services Limited. You consider that Lewis Ashley Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lewis Ashley Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

14th June 2023