Abbreviated Company Accounts - LAWRIE & SON (RFC) LIMITED

Abbreviated Company Accounts - LAWRIE & SON (RFC) LIMITED

LAWRIE & SON (RFC) LIMITED - Company Information

Print Friendly Version

Registered Number SC197990

LAWRIE & SON (RFC) LIMITED

Abbreviated Accounts

30 November 2013

LAWRIE & SON (RFC) LIMITED Registered Number SC197990

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 425,587 280,260
425,587 280,260
Current assets
Stocks 94,206 90,000
Debtors 101,676 51,407
Cash at bank and in hand 13,011 28,742
208,893 170,149
Creditors: amounts falling due within one year 3 (356,394) (286,601)
Net current assets (liabilities) (147,501) (116,452)
Total assets less current liabilities 278,086 163,808
Creditors: amounts falling due after more than one year 3 (183,542) (74,606)
Total net assets (liabilities) 94,544 89,202
Capital and reserves
Called up share capital 2 2
Profit and loss account 94,542 89,200
Shareholders' funds 94,544 89,202
  • For the year ending 30 November 2013 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 30 August 2014

And signed on their behalf by:
J Lawrie, Director

LAWRIE & SON (RFC) LIMITED Registered Number SC197990

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents invoiced sales, net of discounts and value added tax.

Tangible assets depreciation policy
Depreciation is provided on all fixed assets at rates calculated to write off the cost over their estimated useful lives as follows:
Plant, machinery and equipment - 20% reducing balance
Vehicles - 25% reducing balance

Valuation information and policy
Stock and work in progress have been valued at the lower of cost and net realisable value in the ordinary course of business

Other accounting policies
Leased assets
Assets held under finance leases are included in the balance sheet and depreciated in accordance with the company's normal accounting policies. Obligations under finance leases are included within creditors and the interest element of rental payments is charged to the profit and loss account in proportion to the balance of capital repayments outstanding.

2Tangible fixed assets
£
Cost
At 1 December 2012 802,973
Additions 299,900
Disposals (181,928)
Revaluations -
Transfers -
At 30 November 2013 920,945
Depreciation
At 1 December 2012 522,713
Charge for the year 108,012
On disposals (135,367)
At 30 November 2013 495,358
Net book values
At 30 November 2013 425,587
At 30 November 2012 280,260
3Creditors
2013
£		 2012
£
Secured Debts 254,403 143,455