Cawdron & Lawless Ltd - Period Ending 2016-05-31

Registration number: 09570699

Cawdron & Lawless Ltd

Unaudited Abbreviated Accounts

for the Period from 1 May 2015 to 31 May 2016

 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

Cawdron & Lawless Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Cawdron & Lawless Ltd
(Registration number: 09570699)
Abbreviated Balance Sheet at 31 May 2016

		Note			31 May 2016 £
Fixed assets
Tangible fixed assets		2			936
Current assets
Stocks					109,113
Debtors					61,497
Cash at bank and in hand					45,996
					216,606
Creditors: Amounts falling due within one year					(75,202)
Net current assets					141,404
Total assets less current liabilities					142,340
Provisions for liabilities					(187)
Net assets					142,153
Capital and reserves
Called up share capital		3			20
Profit and loss account					142,133
Shareholders' funds					142,153

For the year ending 31 May 2016 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 31 October 2016 and signed on its behalf by:

.........................................
Mr A Cawdron
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Cawdron & Lawless Ltd
(Registration number: 09570699)
Abbreviated Balance Sheet at 31 May 2016
......... continued

.........................................
Mr SW Lawless
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cawdron & Lawless Ltd
Notes to the Abbreviated Accounts for the Period from 1 May 2015 to 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Revenue represents the fair value of the consideration received or receivable for building services, net of discounts and sales taxes. Revenue is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue and associated costs can be measured reliably.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Cawdron & Lawless Ltd
Notes to the Abbreviated Accounts for the Period from 1 May 2015 to 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,052			1,052
At 31 May 2016		1,052			1,052
Depreciation
Charge for the period		116			116
At 31 May 2016		116			116
Net book value
At 31 May 2016		936			936

3	Share capital

Allotted, called up and fully paid shares

	31 May 2016
		No.			£
Ordinary shares of £1 each		20			20

New shares allotted

During the period 20 Ordinary shares having an aggregate nominal value of £20 were allotted for an aggregate consideration of £20.

Page 4