Company Registration No. 03707482 (England and Wales)
Lester Associates Limited
Unaudited accounts
for the year ended 31 December 2019
Lester Associates Limited
Unaudited accounts
Contents
Lester Associates Limited
Company Information
for the year ended 31 December 2019
Director
Spencer Kendrick
Company Number
03707482 (England and Wales)
Registered Office
105 Palewell Park
London
SW14 8JJ
United Kingdom
Lester Associates Limited
Statement of financial position
as at
31 December 2019
Tangible assets
7,733
4,966
Cash at bank and in hand
219,804
223,638
Creditors: amounts falling due within one year
(214,440)
(225,118)
Net current assets
40,542
42,957
Called up share capital
100
100
Profit and loss account
48,175
47,823
Shareholders' funds
48,275
47,923
For the year ending 31 December 2019 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.
The financial statements were approved by the Board and authorised for issue on 22 December 2020 and were signed on its behalf by
Spencer Kendrick
Director
Company Registration No. 03707482
Lester Associates Limited
Notes to the Accounts
for the year ended 31 December 2019
Lester Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 03707482. The registered office is 105 Palewell Park, London, SW14 8JJ, United Kingdom.
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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
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2019
2,030
3,975
6,005
At 31 December 2019
2,030
10,535
12,565
At 1 January 2019
733
306
1,039
Charge for the year
677
3,116
3,793
At 31 December 2019
1,410
3,422
4,832
At 31 December 2019
620
7,113
7,733
At 31 December 2018
1,297
3,669
4,966
Lester Associates Limited
Notes to the Accounts
for the year ended 31 December 2019
Trade debtors
22,384
19,869
Accrued income and prepayments
7,250
7,577
Other debtors
5,544
16,991
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
22,582
23,078
Amounts owed to group undertakings and other participating interests
36,500
119,403
Taxes and social security
342
845
Other creditors
148,535
77,412
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Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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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 £105,377 (2018 £120,755) 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 £36,500 (2018 £119,403).
The company is wholly owned by Lesters Consulting Limited, registered No. 08886016, registered office address and place of business: 105 Palewell Park, London SW14 8JJ
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Average number of employees
During the year the average number of employees was 3 (2018: 3).