Lewis Electrical Contracts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03556077 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2018

for

LEWIS ELECTRICAL CONTRACTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr L Richards

Mrs S J Richards

Secretary:

Mrs S J Richards

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

03556077 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

4

150,061

120,082

Investments

5

339,749

339,749

489,810

459,831

Current assets

Cash at bank

163,175

157,604

Creditors

Amounts falling due within one year

6

240,706

230,693

Net current liabilities

(77,531

)

(73,089

)

Total assets less current liabilities

412,279

386,742

Capital and reserves

Called up share capital

7

2

2

Revaluation reserve

8

47,640

17,640

Retained earnings

8

364,637

369,100

Shareholders' funds

412,279

386,742

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Account has not been delivered.

The financial statements were approved by the Board of Directors on 7 December 2018 and were signed on its behalf by:

Mr L Richards - Director

Mrs S J Richards - Director

1.	Statutory information

Lewis Electrical Contracts 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rental income, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Freehold property

The freehold property is shown at the most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

3.	Employees and directors

The average number of employees during the year was 2 (2017 - 1 ) .

4.	Tangible fixed assets

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Cost or valuation

At 1 May 2017

120,000

2,558

122,558

Revaluations

30,000

-

30,000

At 30 April 2018

150,000

2,558

152,558

Depreciation

At 1 May 2017

-

2,476

2,476

Charge for year

-

21

21

At 30 April 2018

-

2,497

2,497

Net book value

At 30 April 2018

150,000

61

150,061

At 30 April 2017

120,000

82

120,082

The directors consider the market value of the freehold land and buildings to not be materially different to the

net book value stated in the financial statements.

Cost or valuation at 30 April 2018 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2015

17,640

-

17,640

Valuation in 2018

30,000

-

30,000

Cost

102,360

2,558

104,918

150,000

2,558

152,558

5.	Fixed asset investments

Investment

in related

business

£

Cost

At 1 May 2017

and 30 April 2018

339,749

Net book value

At 30 April 2018

339,749

At 30 April 2017

339,749

The fixed asset investment relates to Lewis Building Contracts LLP a partnership in which the company is a

designated member.

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Taxation and social security

1,813

1,799

Other creditors

238,893

228,894

240,706

230,693

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

8.

Reserves

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2017

369,100

17,640

386,740

Profit for the year

5,537

5,537

Dividends

(10,000

)

(10,000

)

Revaluation of freehold property

-

30,000

30,000

At 30 April 2018

364,637

47,640

412,277

9.	Directors' advances, credits and guarantees

Included in other creditors due within one year is an amount of £238,394 (2017 - £228,394) due to the

directors.