Lawrence Scaffolding Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02724597 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Lawrence Scaffolding Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M J Farthing

SECRETARY:

Mr D J Farthing

REGISTERED OFFICE:

Unit 7

Babylon View

Oxford Road

Yeovil

Somerset

BA21 5HR

REGISTERED NUMBER:

02724597 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

9,230

15,734

9,230

15,734

CURRENT ASSETS

Debtors

22,564

27,322

Cash at bank

17,498

28,997

40,062

56,319

CREDITORS

Amounts falling due within one year

26,796

17,235

NET CURRENT ASSETS

13,266

39,084

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,496

54,818

PROVISIONS FOR LIABILITIES

880

2,025

NET ASSETS

21,616

52,793

CAPITAL AND RESERVES

Called up share capital

4

600

Capital redemption reserve

900

Profit and loss account

20,116

51,293

SHAREHOLDERS' FUNDS

21,616

52,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 March 2017 and were signed by:

Mr M J Farthing - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1992, was amortised evenly

over its estimated useful life of twenty years.

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 etc

-

25% on cost and 15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

5,000

AMORTISATION

At 1 July 2015

and 30 June 2016

5,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

211,464

DEPRECIATION

At 1 July 2015

195,730

Charge for year

6,504

At 30 June 2016

202,234

NET BOOK VALUE

At 30 June 2016

9,230

At 30 June 2015

15,734

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

600

Ordinary

£1

600