LEWIS_HOWES_(SIGNS_&_ENGR - Accounts

LEWIS HOWES [SIGNS & ENGRAVING] LIMITED - Company Information

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Company Registration No. 02484688 (England and Wales)

LEWIS HOWES (SIGNS & ENGRAVING) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

LEWIS HOWES (SIGNS & ENGRAVING) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

LEWIS HOWES (SIGNS & ENGRAVING) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

17,936

10,839

Current assets

Stocks

34,529

31,930

Debtors

163,309

133,612

Cash at bank and in hand

21,251

41,947

219,089

207,489

Creditors: amounts falling due within one year

(113,482)

(96,245)

Net current assets

105,607

111,244

Total assets less current liabilities

123,543

122,083

Creditors: amounts falling due after more than one year

(6,869)

Provisions for liabilities

(2,935)

(1,372)

113,739

120,711

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

113,639

120,611

Shareholders' funds

113,739

120,711

LEWIS HOWES (SIGNS & ENGRAVING) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2016

- 2 -

For the financial year ended 31 October 2016 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 July 2017

Mr D A Lewis

Director

Company Registration No. 02484688

LEWIS HOWES (SIGNS & ENGRAVING) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised as goods and services are delivered.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Short leasehold land and buildings

Over the term of the lease

Plant and machinery

10% straight line

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 November 2015

328,642

Additions

13,224

Disposals

(10,713)

At 31 October 2016

331,153

Depreciation

At 1 November 2015

317,803

On disposals

(10,395)

Charge for the year

5,809

At 31 October 2016

313,217

Net book value

At 31 October 2016

17,936

At 31 October 2015

10,839

LEWIS HOWES (SIGNS & ENGRAVING) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £2,875 (2015 - £0).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £6,869 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

50 Ordinary shares of £1 each