Abbreviated Company Accounts - LAWRIE & SON (RFC) LIMITED

LAWRIE & SON (RFC) LIMITED - Company Information

SC197990 LAWRIE & SON (RFC) LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true SC197990 2014-12-01 2015-11-30 SC197990 2015-11-30 SC197990 2014-11-30 SC197990 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 SC197990 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number SC197990

LAWRIE & SON (RFC) LIMITED

Abbreviated Accounts

30 November 2015

LAWRIE & SON (RFC) LIMITED Registered Number SC197990

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	463,811	442,823
		463,811	442,823
Current assets
Stocks		83,221	110,383
Debtors		77,879	63,218
Cash at bank and in hand		96,765	-
		257,865	173,601
Creditors: amounts falling due within one year	3	(348,321)	(322,379)
Net current assets (liabilities)		(90,456)	(148,778)
Total assets less current liabilities		373,355	294,045
Creditors: amounts falling due after more than one year	3	(198,849)	(163,446)
Total net assets (liabilities)		174,506	130,599
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		174,504	130,597
Shareholders' funds		174,506	130,599

For the year ending 30 November 2015 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 17 August 2016

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 2015

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 has been valued at the lower of cost and net realisable value in the ordinary course of business

Other accounting policies
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 with 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 2014	995,475
Additions	158,500
Disposals	(87,000)
Revaluations	-
Transfers	-
At 30 November 2015	1,066,975
Depreciation
At 1 December 2014	552,652
Charge for the year	123,888
On disposals	(73,376)
At 30 November 2015	603,164
Net book values
At 30 November 2015	463,811
At 30 November 2014	442,823

3Creditors

	2015 £	2014 £
Secured Debts	275,307	258,478

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2