Lawrence & Co CDS LLP - Accounts to registrar (filleted) - small 18.2

Lawrence & Co CDS LLP - Accounts to registrar (filleted) - small 18.2

LAWRENCE & CO. CDS LLP - Company Information

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REGISTERED NUMBER: OC327954 (England and Wales)













LAWRENCE & CO CDS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2019





Sinclairs Bartrum Lerner
Chartered Accountants
Forum House
First Floor
15-18 Lime Street
London
EC3M 7AN








LAWRENCE & CO CDS LLP (REGISTERED NUMBER: OC327954)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2019










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAWRENCE & CO CDS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2019







DESIGNATED MEMBERS: F J Daoud
Ms J E Kelman
L B Lederman
Ms H Patel





REGISTERED OFFICE: 404 Harrow Road
London
W9 2HU





REGISTERED NUMBER: OC327954 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Forum House
First Floor
15-18 Lime Street
London
EC3M 7AN
Page 1
LAWRENCE & CO CDS LLP (REGISTERED NUMBER: OC327954)

BALANCE SHEET
31ST DECEMBER 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Work in progress 106,060 113,513
Debtors 5 108,701 114,883
Cash at bank and in hand 283,799 330,968
498,560 559,364
CREDITORS
Amounts falling due within one year 6 292,541 214,833
NET CURRENT ASSETS 206,019 344,531
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
206,019
344,531

LOANS AND OTHER DEBTS DUE TO
MEMBERS
7
115,019
244,531

MEMBERS' OTHER INTERESTS
Capital accounts 91,000 100,000
206,019 344,531

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 115,019 244,531
Members' other interests 91,000 100,000
Amounts due from members 5 (8,488 ) (8,488 )
197,531 336,043

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st December 2019.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
LAWRENCE & CO CDS LLP (REGISTERED NUMBER: OC327954)

BALANCE SHEET - continued
31ST DECEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 22nd October 2020 and were signed by:





L B Lederman - Designated member

The notes form part of these financial statements

Page 3
LAWRENCE & CO CDS LLP (REGISTERED NUMBER: OC327954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2019


1. STATUTORY INFORMATION

Lawrence & Co CDS LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2018 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2019
and 31st December 2019 11,026
DEPRECIATION
At 1st January 2019
and 31st December 2019 11,026
NET BOOK VALUE
At 31st December 2019 -

Page 4 continued...
LAWRENCE & CO CDS LLP (REGISTERED NUMBER: OC327954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 35,660 51,185
Other debtors 73,041 63,698
108,701 114,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 31,627 15,646
Trade creditors 8,340 9,868
Taxation and social security 32,172 23,267
Other creditors 220,402 166,052
292,541 214,833

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank equally with other unsecured creditors in the event of a winding up.

Page 5