Harry Lewis Motors Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00539171 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2017

for

HARRY LEWIS MOTORS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

R A Lewis

Mrs S A Lewis

REGISTERED OFFICE:

337 Bath Road

Slough

Berkshire

SL1 5PR

BUSINESS ADDRESS:

111 Chertsey Lane

Staines

Middlesex

TW18 3LQ

REGISTERED NUMBER:

00539171 (England and Wales)

ACCOUNTANTS:

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

FIXED ASSETS

Tangible assets

4

111

131

Investment property

5

352,770

356,334

352,881

356,465

CURRENT ASSETS

Debtors

51,396

51,599

Cash at bank and in hand

473,735

465,157

525,131

516,756

CREDITORS

Amounts falling due within one year

30,713

34,662

NET CURRENT ASSETS

494,418

482,094

TOTAL ASSETS LESS CURRENT LIABILITIES

847,299

838,559

CAPITAL AND RESERVES

Called up share capital

6

8,333

8,333

Revaluation reserve

7

326,585

329,884

Other reserves

1,667

1,667

Retained earnings

510,714

498,675

SHAREHOLDERS' FUNDS

847,299

838,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 5 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 August 2017 and were signed on its behalf by:

R A Lewis - Director

1.	STATUTORY INFORMATION

Harry Lewis Motors 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.

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

-

15% on reducing balance

The company's policy is to maintain its property to a high standard through a continual programme of

refurbishment and maintenance. In accordance with this practice depreciation is not provided on freehold

properties where, in the opinion of the directors, the residual values (in terms of original cost) are such that any

depreciation charge would be immaterial to the period and on a cumulative basis.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Where the property has not been revalued during the current period a depreciation charge has been applied and

charged against comprehensive income.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2016

and 5 April 2017

17,787

DEPRECIATION

At 6 April 2016

17,656

Charge for year

20

At 5 April 2017

17,676

NET BOOK VALUE

At 5 April 2017

111

At 5 April 2016

131

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2016

and 5 April 2017

356,334

DEPRECIATION

Charge for year

3,564

At 5 April 2017

3,564

NET BOOK VALUE

At 5 April 2017

352,770

At 5 April 2016

356,334

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.17

5.4.16

value:

£

£

5,000

Ordinary

£1

5,000

5,000

3,333

A Ordinary

£1

3,333

3,333

8,333

8,333

7.

RESERVES

Revaluation

reserve

£

At 6 April 2016

329,884

Depreciation

(3,299

)

At 5 April 2017

326,585

8.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

to use a previous GAAP revaluation as deemed cost on an investment property.

The following reproduces the text of the report prepared for the directors and members 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 Abridged Statement of Comprehensive

Income 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 Harry Lewis Motors Limited for the year ended 5 April 2017 which comprise the Abridged

Statement of Comprehensive Income, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Harry Lewis Motors 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 Harry Lewis Motors Limited and state those matters that we have agreed to state to the Board of Directors of Harry Lewis Motors Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Harry Lewis Motors 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 Harry Lewis Motors Limited. You consider that Harry Lewis Motors 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 Harry Lewis Motors 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.

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

11 August 2017