Lewis-Harvey Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05792819 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Lewis-Harvey Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S Harvey

R E Harvey

J P Harvey

REGISTERED OFFICE:

Unit 4 Hadrian House

Beaminster Way East

Airport Industrial Estate

Kingston Park

Newcastle Upon Tyne

NE3 2ER

REGISTERED NUMBER:

05792819 (England and Wales)

ACCOUNTANTS:

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Lewis-Harvey Limited for the year ended 30 April 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lewis-Harvey Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lewis-Harvey Limited and state those matters that we have agreed to state to the Board of Directors of Lewis-Harvey Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lewis-Harvey Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lewis-Harvey Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lewis-Harvey Limited. You consider that Lewis-Harvey Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lewis-Harvey Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

13 January 2020

FIXED ASSETS

Intangible assets

4

66,380

75,030

Tangible assets

5

5,006

14,116

71,386

89,146

CURRENT ASSETS

Debtors

6

79,296

113,537

Cash at bank

134,762

139,540

214,058

253,077

CREDITORS

Amounts falling due within one year

7

54,212

90,856

NET CURRENT ASSETS

159,846

162,221

TOTAL ASSETS LESS CURRENT LIABILITIES

231,232

251,367

PROVISIONS FOR LIABILITIES

1,257

2,682

NET ASSETS

229,975

248,685

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

229,971

248,681

SHAREHOLDERS' FUNDS

229,975

248,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 applicable to companies subject to the small companies regime.

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 13 January 2020 and were signed on its behalf by:

J P Harvey - Director

1.	STATUTORY INFORMATION

Lewis-Harvey 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Turnover is derived from electrical installations services and maintenance contracts. Revenue from the

installation of services is measured by reference to the stage of completion of the service transaction at the end

of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be

reliably estimated, revenue is recognised only to the extent that expenses recognised are recovered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

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.

Fixtures and fittings

-

33% on cost per annum

Motor vehicles

-

33% on cost per annum

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.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are

recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after

more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs

and subsequently amortised cost, net of impairment.

Trade and other creditors

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised

costs using the effective interest method unless the effect of discounting would be immaterial, in which case

they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

173,000

AMORTISATION

At 1 May 2018

97,970

Charge for year

8,650

At 30 April 2019

106,620

NET BOOK VALUE

At 30 April 2019

66,380

At 30 April 2018

75,030

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

45,081

Additions

1,977

At 30 April 2019

47,058

DEPRECIATION

At 1 May 2018

30,965

Charge for year

11,087

At 30 April 2019

42,052

NET BOOK VALUE

At 30 April 2019

5,006

At 30 April 2018

14,116

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

77,413

107,374

Other debtors

1,883

6,163

79,296

113,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

5,904

10,072

Trade creditors

23,293

38,917

Taxation and social security

18,323

35,789

Other creditors

6,692

6,078

54,212

90,856

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

5,904

10,072

Hire purchase contracts are secured on the assets concerned.