Company Registration No. 03707482 (England and Wales)
Lester Associates Limited
Unaudited accounts
for the year ended 31 December 2020
Lester Associates Limited
Unaudited accounts
Contents
Lester Associates Limited
Company Information
for the year ended 31 December 2020
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 2020
Tangible assets
3,636
7,733
Cash at bank and in hand
321,892
219,804
Creditors: amounts falling due within one year
(316,293)
(214,440)
Net current assets
42,081
40,542
Called up share capital
100
100
Profit and loss account
45,617
48,175
Shareholders' funds
45,717
48,275
For the year ending 31 December 2020 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 23 September 2021 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 2020
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 2020
2,030
10,535
12,565
At 31 December 2020
2,030
10,535
12,565
At 1 January 2020
1,410
3,422
4,832
Charge for the year
620
3,477
4,097
At 31 December 2020
2,030
6,899
8,929
At 31 December 2020
-
3,636
3,636
At 31 December 2019
620
7,113
7,733
Lester Associates Limited
Notes to the Accounts
for the year ended 31 December 2020
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Debtors: amounts falling due within one year
2020
2019
Trade debtors
29,453
22,384
Accrued income and prepayments
1,485
7,250
Other debtors
5,544
5,544
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
40,000
-
Trade creditors
3,750
22,582
Amounts owed to group undertakings and other participating interests
59,953
36,500
Taxes and social security
280
342
Other creditors
198,536
148,535
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Share capital
2020
2019
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 £115,533 (2019 £105,377) 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 £59,953 (2019 £36,500).
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 (2019: 3).