Company Registration No. 03312844 (England and Wales)
LEWIS SCHOOLS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
LEWIS SCHOOLS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
LEWIS SCHOOLS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
2
53,031
66,288
Tangible assets
2
295,350
270,176
348,381
336,464
Current assets
Stocks
5,222
8,984
Debtors
127,699
186,287
Cash at bank and in hand
123,493
109,155
256,414
304,426
Creditors: amounts falling due within one year
(205,634)
(234,595)
Net current assets
50,780
69,831
Total assets less current liabilities
399,161
406,295
Provisions for liabilities
(35,406)
(23,645)
363,755
382,650
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
363,753
382,648
Shareholders' funds
363,755
382,650
LEWIS SCHOOLS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 19 October 2016
Mr A Walker
Director
Company Registration No. 03312844
LEWIS SCHOOLS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
10% on reducing balance
Computer equipment
33% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Motor vehicles
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
LEWIS SCHOOLS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
120,463
593,555
714,018
Additions
-
82,475
82,475
At 31 December 2015
120,463
676,030
796,493
Depreciation
At 1 January 2015
54,175
323,378
377,553
Charge for the year
13,257
57,302
70,559
At 31 December 2015
67,432
380,680
448,112
Net book value
At 31 December 2015
53,031
295,350
348,381
At 31 December 2014
66,288
270,176
336,464
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2