R Gordon Roberts Laurie & Co Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07370738 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

R Gordon Roberts Laurie & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

E L Williams

H R Jones

E H Griffiths

J R C Hughes

REGISTERED OFFICE:

Glandwr Chambers

Llangefni

Ynys Mon

Gwynedd

LL77 7EE

REGISTERED NUMBER:

07370738 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,625

1,422

4,625

1,422

CURRENT ASSETS

Debtors

6

315,467

299,009

Cash at bank and in hand

295,807

325,347

611,274

624,356

CREDITORS

Amounts falling due within one year

7

278,833

239,847

NET CURRENT ASSETS

332,441

384,509

TOTAL ASSETS LESS CURRENT LIABILITIES

337,066

385,931

CREDITORS

Amounts falling due after more than one year

8

133,699

131,957

NET ASSETS

203,367

253,974

CAPITAL AND RESERVES

Called up share capital

9

300

400

Capital redemption reserve

100

-

Retained earnings

202,967

253,574

SHAREHOLDERS' FUNDS

203,367

253,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2022 and were signed on its behalf by:

E L Williams - Director

H R Jones - Director

E H Griffiths - Director

1.	STATUTORY INFORMATION

R Gordon Roberts Laurie & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost and 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - 25% reducing balance

Computer equipment - 33% straight line

Government grants

Government grants in respect of the Coronavirus Job Retention Scheme are recognised within the Income Statement on an accruals basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

Share capital

Ordinary shares are classed as equity.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends

are approved by the company's shareholders. These amounts are recognised in the statement of

changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank

overdrafts are shown within borrowings in current liabilities.

Operating leases

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2021 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

580,000

AMORTISATION

At 1 May 2021

and 30 April 2022

580,000

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 May 2021

2,000

49,244

51,244

Additions

-

4,206

4,206

At 30 April 2022

2,000

53,450

55,450

DEPRECIATION

At 1 May 2021

1,016

48,806

49,822

Charge for year

328

675

1,003

At 30 April 2022

1,344

49,481

50,825

NET BOOK VALUE

At 30 April 2022

656

3,969

4,625

At 30 April 2021

984

438

1,422

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

85,367

101,736

Prepayments & accrued income

230,100

197,273

315,467

299,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

15,001

25,000

Tax

71,473

62,984

Social security & other taxes

13,095

12,288

VAT

63,399

68,260

Other creditors

61,951

22,057

Directors' current accounts

995

251

Accrued expenses

52,919

49,007

278,833

239,847

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

70,000

75,000

Other creditors

63,699

56,957

133,699

131,957

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

NIL

Ordinary A

£1

-

100

100

Ordinary B

£1

100

100

100

Ordinary C

£1

100

100

100

Ordinary E

£1

100

100

300

400

On 31st Mach 2022, the entire issued Ordinary A shares were purchased by the company for £90,000 and cancelled.

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had non-cancellable commitments totalling £0 (2021: £3,251).

11.	ULTIMATE CONTROLLING PARTY

The directors consider there to be no ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R Gordon Roberts Laurie & Co Limited for the year ended 30 April 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R Gordon Roberts Laurie & Co Limited, 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 R Gordon Roberts Laurie & Co Limited and state those matters that we have agreed to state to the Board of Directors of R Gordon Roberts Laurie & Co Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R Gordon Roberts Laurie & Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R Gordon Roberts Laurie & Co Limited 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 R Gordon Roberts Laurie & Co Limited. You consider that R Gordon Roberts Laurie & Co 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 financial statements of R Gordon Roberts Laurie & Co 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 financial statements.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

28 October 2022