N.K. Lewis Limited,Ltd - Accounts

N.K. LEWIS LIMITED - Company Information

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N.K. Lewis Limited

For the year ended 31 May 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06947770

Contents Page

N.K. Lewis Limited

For the year ended 31 May 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

N.K. Lewis Limited

As at 31 May 2016

06947770

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

163,260

20,502

163,260

20,502

Current assets

Stocks

50,000

Debtors

18,857

65,253

Cash at bank and in hand

211,439

37,776

326,692

106,633

Creditors: amounts falling due within one year

(27,883)

(240,427)

78,750

86,265

Net current assets

Total assets less current liabilities

249,525

99,252

249,525

Net assets

99,252

Capital and reserves

Called up share capital

500

Profit and loss account

249,025

98,752

249,525

99,252

Shareholders funds

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 08 February 2017

Mr Nigel Lewis Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

N.K. Lewis Limited

For the year ended 31 May 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Office Equipment

10 Straight line

Plant and Machinery

10 Straight line

Computer Equipment

10 Straight line

Motor Vehicles

10 Straight line

Fixtures and Fittings

10 Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

N.K. Lewis Limited

For the year ended 31 May 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

48,836

At 01 June 2015

152,653

Additions

(7,434)

Disposals

At 31 May 2016

194,055

Depreciation

28,334

At 01 June 2015

(3,076)

Disposals

5,537

Charge for year

30,795

At 31 May 2016

Net book values

At 31 May 2016

163,260

20,502

At 31 May 2015

3 Share capital

Allotted called up and fully paid

2016

2015

500 Class A shares of £1.00 each

500

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