A & L Lewis Property Services Limited - Period Ending 2016-05-31

A & L Lewis Property Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016

Harrison Salmon Associates
Chartered Certified Accountants
7 Towngate
Leyland
Lancashire
PR25 2EN

A & L Lewis Property Services Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A & L Lewis Property Services Limited
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A & L Lewis Property Services Limited for the year ended 31 May 2016 set out on pages 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/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of A & L Lewis Property Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A & L Lewis Property Services Limited and state those matters that we have agreed to state to them, 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & L Lewis Property Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A & L Lewis Property Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A & L Lewis Property Services Limited. You consider that A & L Lewis Property Services 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 accounts of A & L Lewis Property Services 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 accounts.

......................................

Harrison Salmon Associates
Chartered Certified Accountants
7 Towngate
Leyland
Lancashire
PR25 2EN

29 November 2016

Page 1

A & L Lewis Property Services Limited
(Registration number: 05807509)
Abbreviated Balance Sheet at 31 May 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		328,973	328,348
Current assets
Stocks		18,000	18,000
Debtors		1,729	2,328
		19,729	20,328
Creditors: Amounts falling due within one year		(5,685)	(6,135)
Net current assets		14,044	14,193
Total assets less current liabilities		343,017	342,541
Creditors: Amounts falling due after more than one year		(329,677)	(321,405)
Provisions for liabilities		(395)	(269)
Net assets		12,945	20,867
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		30,000	30,000
Profit and loss account		(17,057)	(9,135)
Shareholders' funds		12,945	20,867

For the year ending 31 May 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 November 2016 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

A & L Lewis Property Services Limited
(Registration number: 05807509)
Abbreviated Balance Sheet at 31 May 2016
......... continued

.........................................
Mr Andrew Lewis
Director

.........................................
Mrs Lisa Jane Lewis
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

A & L Lewis Property Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance basis
Office equipment	15% Reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

A & L Lewis Property Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 June 2015	330,807	330,807
Additions	973	973
At 31 May 2016	331,780	331,780
Depreciation
At 1 June 2015	2,459	2,459
Charge for the year	348	348
At 31 May 2016	2,807	2,807
Net book value
At 31 May 2016	328,973	328,973
At 31 May 2015	328,348	328,348

Creditors

Included in the creditors are the following amounts due after more than five years:

	2016 £	2015 £

After more than five years by instalments	188,378	188,377

4	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

Page 5