C.J. Lewis (Ashby) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00401411 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

C.J. Lewis (Ashby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D.A. Lissaman

Mrs K.L. Robinson

Mrs E. Allsopp

SECRETARY:

Mrs K.L. Robinson

REGISTERED OFFICE:

Mill Lane

Ashby De La Zouch

Leicestershire

LE65 1HP

REGISTERED NUMBER:

00401411 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Chestnut Field House

Chestnut Field

Rugby

Warwickshire

CV21 2PD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

99,259

108,016

99,259

108,016

CURRENT ASSETS

Stocks

1,064

1,182

Debtors

6

12,274

7,851

Cash at bank and in hand

2,923

5,136

16,261

14,169

CREDITORS

Amounts falling due within one year

7

18,564

18,575

NET CURRENT LIABILITIES

(2,303

)

(4,406

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,956

103,610

CREDITORS

Amounts falling due after more than one year

8

(6,750

)

(12,150

)

PROVISIONS FOR LIABILITIES

9

(3,939

)

(3,839

)

NET ASSETS

86,267

87,621

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

85,067

86,421

SHAREHOLDERS' FUNDS

86,267

87,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors on 10 July 2017 and were signed on its behalf by:

Mr D.A. Lissaman - Director

1.	STATUTORY INFORMATION

C.J. Lewis (Ashby) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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, has now been fully written

off.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

700

AMORTISATION

At 1 April 2016

and 31 March 2017

700

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

102,242

65,068

6,706

1,121

175,137

DEPRECIATION

At 1 April 2016

22,486

38,722

5,602

311

67,121

Charge for year

2,044

6,426

166

121

8,757

At 31 March 2017

24,530

45,148

5,768

432

75,878

NET BOOK VALUE

At 31 March 2017

77,712

19,920

938

689

99,259

At 31 March 2016

79,756

26,346

1,104

810

108,016

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

27,000

DEPRECIATION

At 1 April 2016

7,493

Charge for year

5,400

At 31 March 2017

12,893

NET BOOK VALUE

At 31 March 2017

14,107

At 31 March 2016

19,507

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

12,157

7,736

Prepayments

117

115

12,274

7,851

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

5,400

5,400

Trade creditors

5,084

4,720

Tax

72

-

Social security and other taxes

1,139

1,426

VAT

2,171

2,319

Directors' current accounts

2,322

2,334

Accrued expenses

2,376

2,376

18,564

18,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,750

12,150

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

3,939

3,839

Deferred

tax

£

Balance at 1 April 2016

3,839

Accelerated capital allowances

100

Balance at 31 March 2017

3,939

10.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102. The transition has

not created any effect to financial position or performance.