Lesley, Stephen & Co. Limited - Accounts to registrar (filleted) - small 18.2

Lesley, Stephen & Co. Limited - Accounts to registrar (filleted) - small 18.2

LESLEY, STEPHEN & CO. LIMITED - Company Information

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REGISTERED NUMBER: 07355651 (England and Wales)















LESLEY, STEPHEN & CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018





Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS








LESLEY, STEPHEN & CO. LIMITED (REGISTERED NUMBER: 07355651)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LESLEY, STEPHEN & CO. LIMITED

COMPANY INFORMATION
for the year ended 30 September 2018







DIRECTORS: Mr I S Cummine
Mr H J Cummine
Mr A G Cummine





SECRETARY: Mr H J Cummine





REGISTERED OFFICE: The Media Centre
7 Northumberland Street
Huddersfield
West Yorkshire
HD1 1RL





REGISTERED NUMBER: 07355651 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS
Page 1
LESLEY, STEPHEN & CO. LIMITED (REGISTERED NUMBER: 07355651)

BALANCE SHEET
30 September 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,343 -

CURRENT ASSETS
Debtors 5 4,809,706 3,851,813
Cash at bank and in hand 298,290 61,913
5,107,996 3,913,726
CREDITORS
Amounts falling due within one year 6 (41,580 ) (948,092 )
NET CURRENT ASSETS 5,066,416 2,965,634
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,090,759
2,965,634

CREDITORS
Amounts falling due after more than one
year
7
(5,068,237
)
(2,920,781
)

PROVISIONS FOR LIABILITIES 9 (3,690 ) -
NET ASSETS 18,832 44,853

CAPITAL AND RESERVES
Called up share capital 10 75 75
Retained earnings 18,757 44,778
SHAREHOLDERS' FUNDS 18,832 44,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 notes form part of these financial statements

Page 2 continued...
LESLEY, STEPHEN & CO. LIMITED (REGISTERED NUMBER: 07355651)

BALANCE SHEET - continued
30 September 2018


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 November 2018 and were signed on its behalf
by:





Mr H J Cummine - Director


The notes form part of these financial statements

Page 3
LESLEY, STEPHEN & CO. LIMITED (REGISTERED NUMBER: 07355651)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2018


1. STATUTORY INFORMATION

Lesley, Stephen & Co. 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 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 represents interest and fees receivable on loans, excluding value added tax, recorded when the
company becomes entitled to the income on a monthly basis.

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 - Straight line over 5 years monthly

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 1 ) .

Page 4 continued...
LESLEY, STEPHEN & CO. LIMITED (REGISTERED NUMBER: 07355651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 25,800
At 30 September 2018 25,800
DEPRECIATION
Charge for year 1,457
At 30 September 2018 1,457
NET BOOK VALUE
At 30 September 2018 24,343

5. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 999,390 863,934
Amounts owed by associates 80,656 -
Other debtors 38,030 636
1,118,076 864,570

Amounts falling due after more than one year:
Trade debtors 3,691,630 2,987,243

Aggregate amounts 4,809,706 3,851,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1 523,433
Amounts owed to associates 32,000 365,003
Taxation and social security 5,796 55,807
Other creditors 3,783 3,849
41,580 948,092

Page 5 continued...
LESLEY, STEPHEN & CO. LIMITED (REGISTERED NUMBER: 07355651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 4,000,000 1,858,344
Other creditors 1,068,237 1,062,437
5,068,237 2,920,781

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 4,000,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 4,000,000 2,381,777

9. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 3,690 -

Deferred
tax
£   
Charge to Income Statement during year 3,690
Balance at 30 September 2018 3,690

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
75 Ordinary £1 75 75

Page 6