Lawrest Ltd - Accounts to registrar (filleted) - small 18.2

Lawrest Ltd - Accounts to registrar (filleted) - small 18.2

LAWREST LTD - Company Information

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REGISTERED NUMBER: 07274650 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2021

for

LAWREST LTD
LAWREST LTD (REGISTERED NUMBER: 07274650)






Contents of the Financial Statements
for the Year Ended 30th September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAWREST LTD

Company Information
for the Year Ended 30th September 2021







DIRECTOR: A M McCormack





REGISTERED OFFICE: Lawrest Works
Downley Road
Naphill
High Wycombe
Buckinghamshire
HP14 4QY





REGISTERED NUMBER: 07274650 (England and Wales)





ACCOUNTANTS: Quantulus Limited
Accountants & Business Advisors
Spen Cottage
Coombe Lane
Hughenden Valley
Buckinghamshire
HP14 4NX
Page 1
LAWREST LTD (REGISTERED NUMBER: 07274650)

Balance Sheet
30th September 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,805,828 1,759,907

CURRENT ASSETS
Debtors 5 138,900 49,281
Investments 6 31,500 31,500
Cash at bank 196,037 298,963
366,437 379,744
CREDITORS
Amounts falling due within one year 7 128,313 183,122
NET CURRENT ASSETS 238,124 196,622
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,043,952
1,956,529

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,043,950 1,956,527
SHAREHOLDERS' FUNDS 2,043,952 1,956,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8th November 2021 and were signed by:





A M McCormack - Director


The notes form part of these financial statements

Page 2
LAWREST LTD (REGISTERED NUMBER: 07274650)

Notes to the Financial Statements
for the Year Ended 30th September 2021

1. STATUTORY INFORMATION

Lawrest Ltd 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.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

Page 3 continued...
LAWREST LTD (REGISTERED NUMBER: 07274650)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2020 1,744,617 15,955 1,760,572
Additions 47,450 - 47,450
At 30th September 2021 1,792,067 15,955 1,808,022
DEPRECIATION
At 1st October 2020 - 665 665
Charge for year - 1,529 1,529
At 30th September 2021 - 2,194 2,194
NET BOOK VALUE
At 30th September 2021 1,792,067 13,761 1,805,828
At 30th September 2020 1,744,617 15,290 1,759,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 138,900 48,000
Other debtors - 1,281
138,900 49,281

6. CURRENT ASSET INVESTMENTS
2021 2020
£    £   
Other 31,500 31,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 433
Taxation and social security 26,919 23,161
Other creditors 101,394 159,528
128,313 183,122

Page 4