Robert Lawson & Sons (Scotland) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC382048 (Scotland)

Abbreviated Accounts

for the Year Ended

31st July 2014

for

Robert Lawson & Sons (Scotland) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

5

DIRECTORS:

S R Lawson

G R Lawson

REGISTERED OFFICE:

Block 25, Units 3 & 4

Kilspindie Road

Dundee

DD2 3QH

REGISTERED NUMBER:

SC382048 (Scotland)

ACCOUNTANTS:

AWH

Chartered Certified Accountants

Fort Street House

63 Fort Street

Broughty Ferry

Dundee

Angus

DD5 2AB

FIXED ASSETS

Tangible assets

2

177,566

182,309

CURRENT ASSETS

Stocks

2,100

2,000

Debtors

64,200

49,494

Cash at bank

28,348

35,682

94,648

87,176

CREDITORS

Amounts falling due within one year

94,539

68,733

NET CURRENT ASSETS

109

18,443

TOTAL ASSETS LESS CURRENT LIABILITIES

177,675

200,752

CREDITORS

Amounts falling due after more than one year

(114,405

)

(124,149

)

PROVISIONS FOR LIABILITIES

(2,846

)

(3,794

)

NET ASSETS

60,424

72,809

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

60,422

72,807

SHAREHOLDERS' FUNDS

60,424

72,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13th March 2015 and were signed on its behalf by:

G R Lawson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2013

and 31st July 2014

204,525

DEPRECIATION

At 1st August 2013

22,216

Charge for year

4,743

At 31st July 2014

26,959

NET BOOK VALUE

At 31st July 2014

177,566

At 31st July 2013

182,309

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

2

Ordinary

1

2

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Robert Lawson & Sons (Scotland) Ltd for the year ended 31st July 2014 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes 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://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Robert Lawson & Sons (Scotland) Ltd, as a body, in accordance

with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements

of Robert Lawson & Sons (Scotland) Ltd and state those matters that we have agreed to state to the Board of Directors of

Robert Lawson & Sons (Scotland) Ltd, 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/factsheet163. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a

body, for our work or for this report.

It is your duty to ensure that Robert Lawson & Sons (Scotland) Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Robert

Lawson & Sons (Scotland) Ltd. You consider that Robert Lawson & Sons (Scotland) Ltd 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 financial statements of Robert Lawson & Sons

(Scotland) Ltd. 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

financial statements.

AWH

Chartered Certified Accountants

Fort Street House

63 Fort Street

Broughty Ferry

Dundee

Angus

DD5 2AB

Date: .............................................