Lawrence Scaffolding Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02724597 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Lawrence Scaffolding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

3

-

-

Tangible assets

4

5,148

9,230

5,148

9,230

CURRENT ASSETS

Debtors

5

19,305

22,564

Cash at bank

21,698

17,498

41,003

40,062

CREDITORS

Amounts falling due within one year

6

20,443

26,796

NET CURRENT ASSETS

20,560

13,266

TOTAL ASSETS LESS CURRENT LIABILITIES

25,708

22,496

PROVISIONS FOR LIABILITIES

7

276

880

NET ASSETS

25,432

21,616

CAPITAL AND RESERVES

Called up share capital

600

600

Capital redemption reserve

900

900

Retained earnings

23,932

20,116

SHAREHOLDERS' FUNDS

25,432

21,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 March 2018 and were signed by:

Mr M J Farthing - Director

1.	STATUTORY INFORMATION

Lawrence Scaffolding Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

5,000

AMORTISATION

At 1 July 2016

and 30 June 2017

5,000

NET BOOK VALUE

At 30 June 2017

-

At 30 June 2016

-

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

211,464

DEPRECIATION

At 1 July 2016

202,234

Charge for year

4,082

At 30 June 2017

206,316

NET BOOK VALUE

At 30 June 2017

5,148

At 30 June 2016

9,230

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

15,836

17,110

Other debtors

3,469

5,454

19,305

22,564

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

761

50

Taxation and social security

7,289

14,099

Other creditors

12,393

12,647

20,443

26,796

7.	PROVISIONS FOR LIABILITIES

30.6.17

30.6.16

£

£

Deferred tax

276

880

Deferred

tax

£

Balance at 1 July 2016

880

Decelerated capital allowances

(604

)

Balance at 30 June 2017

276

8.	RELATED PARTY DISCLOSURES

The company operates a current account with the director and the activity during the year was as follows:

30.6.17

30.6.16

Mr M J Farthing

£

£

Amount owed to director at end of year

9,468

9,440

Amount owed to director at start of year

9,440

9,430

The amount owed to the director is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company was under the ultimate control of Mr M J Farthing who is the sole director and shareholder.