Company Registration No. 03707482 (England and Wales)
Lester Associates Limited
Unaudited accounts
for the year ended 31 December 2018
Lester Associates Limited
Unaudited accounts
Contents
Lester Associates Limited
Company Information
for the year ended 31 December 2018
Director
Spencer Kendrick
Company Number
03707482 (England and Wales)
Registered Office
NO.1 FARRIER'S YARD
77 FULHAM PALACE ROAD
HAMMERSMITH
LONDON
W6 8JA
ENGLAND
Lester Associates Limited
Statement of financial position
as at
31 December 2018
Tangible assets
4,966
1,974
Cash at bank and in hand
223,638
213,436
Creditors: amounts falling due within one year
(225,118)
(209,455)
Net current assets
42,957
59,914
Called up share capital
100
2
Profit and loss account
47,823
61,886
Shareholders' funds
47,923
61,888
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 September 2019.
Spencer Kendrick
Director
Company Registration No. 03707482
Lester Associates Limited
Notes to the Accounts
for the year ended 31 December 2018
Lester Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 03707482. The registered office is NO.1 FARRIER'S YARD, 77 FULHAM PALACE ROAD, HAMMERSMITH, LONDON, W6 8JA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.3% Straight Line Method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2018
2,030
-
2,030
At 31 December 2018
2,030
3,975
6,005
At 1 January 2018
56
-
56
Charge for the year
677
306
983
At 31 December 2018
733
306
1,039
At 31 December 2018
1,297
3,669
4,966
At 31 December 2017
1,974
-
1,974
Lester Associates Limited
Notes to the Accounts
for the year ended 31 December 2018
Trade debtors
19,869
38,375
Accrued income and prepayments
7,577
1,107
Other debtors
16,991
16,451
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
23,078
7,594
Amounts owed to group undertakings and other participating interests
119,403
100,427
Taxes and social security
845
3,454
Other creditors
77,412
92,730
7
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
2
Shares issued during the period:
98 Ordinary shares of £1 each
98
8
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Sybersolve Solutions Limited: During the year the company was charged £120,755 (2017 £166,305) by Sybersolve Solutions Limited for administrative services, a company in which S Kendrick is a director. The amount due to Sybersolve Solutions Limited at the end of the year was £119,403 (2017 £100,427).
The company is wholly owned by Lesters Consulting Limited, registered No. 08886016, registered office address and place of business: No.1 Farrier's Yard, 77 Fulham Palace Road, Hammersmith, London, England, W6 8JA
10
Average number of employees
During the year the average number of employees was 3 (2017: 3).