Rawson & Son Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09528947 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Rawson & Son Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D M Rawson

Mrs S Rawson

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

09528947 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

22,518

30,142

CURRENT ASSETS

Debtors

6

104,109

88,073

Cash at bank

3,198

10,263

107,307

98,336

CREDITORS

Amounts falling due within one year

7

83,442

55,204

NET CURRENT ASSETS

23,865

43,132

TOTAL ASSETS LESS CURRENT LIABILITIES

46,383

73,274

CREDITORS

Amounts falling due after more than one year

8

(40,239

)

(56,156

)

PROVISIONS FOR LIABILITIES

(4,098

)

(1,224

)

NET ASSETS

2,046

15,894

CAPITAL AND RESERVES

Called up share capital

9

12

12

Retained earnings

2,034

15,882

SHAREHOLDERS' FUNDS

2,046

15,894

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:

Mr D M Rawson - Director

1.	STATUTORY INFORMATION

Rawson & Son 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services supplied during the year, and in the case of long-term contracts, comprises the value of work executed during the year.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

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

-

Between 20% & 25% on cost straight line

Motor vehicles

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

and 30 April 2023

41,006

DEPRECIATION

At 1 May 2022

10,864

Charge for year

7,624

At 30 April 2023

18,488

NET BOOK VALUE

At 30 April 2023

22,518

At 30 April 2022

30,142

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts recoverable on contract

86,061

78,273

Other debtors

18,048

9,800

104,109

88,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

64,611

37,438

Trade creditors

6,334

2,500

Taxation and social security

7,561

10,225

Other creditors

4,936

5,041

83,442

55,204

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

40,239

56,156

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Allotted Number:

Class:

Nominal Value:

2023

2022

£

£

50

Ordinary shares

1p

0.50

0.50

50

A shares

1p

0.50

0.50

10

B shares

£1

10.00

10.00

11.00

11.00