Lawton Prior & Mecklenburgh Limited Company Accounts

LAWTON PRIOR & MECKLENBURGH LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02225335

Lawton Prior & Mecklenburgh Limited

Filleted Unaudited Financial Statements

30 April 2018

Lawton Prior & Mecklenburgh Limited

Financial Statements

Year ended 30 April 2018

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	8

Lawton Prior & Mecklenburgh Limited

Officers and Professional Advisers

The board of directors	H R Mecklenburgh
	F R Mecklenburgh
	Mrs S Hall

Company secretary	H R Mecklenburgh

Registered office	168 High Street
	Watford
	Herts
	WD17 2EG

Accountants	Hardcastle Burton
	Chartered accountant
	166 Northwood Way
	Northwood
	Middlesex
	HA6 1RB

Bankers	National Westminster Bank Plc
	72-74 High Street
	Watford
	Herts
	WD17 2BQ

Lawton Prior & Mecklenburgh Limited

Statement of Financial Position

30 April 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		5,875	7,343

Current assets

Debtors	6	38,617	19,160
Cash at bank and in hand		77,578	99,674
		---------	---------
		116,195	118,834

Creditors: amounts falling due within one year	7	81,073		106,085
		---------		---------
Net current assets			35,122	12,749
			--------	--------
Total assets less current liabilities			40,997	20,092
			--------	--------
Net assets			40,997	20,092
			--------	--------

Capital and reserves

Called up share capital	1,002	1,002
Profit and loss account	39,995	19,090
	--------	--------
Shareholders funds	40,997	20,092
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lawton Prior & Mecklenburgh Limited

Statement of Financial Position (continued)

30 April 2018

These financial statements were approved by the board of directors and authorised for issue on 12 July 2018 , and are signed on behalf of the board by:

H R Mecklenburgh

Director

Company registration number: 02225335

Lawton Prior & Mecklenburgh Limited

Notes to the Financial Statements

Year ended 30 April 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 High Street, Watford, Herts, WD17 2EG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2017: 12 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 May 2017 and 30 April 2018	67,173	40,680	5,630	113,483
	--------	--------	-------	---------
Depreciation
At 1 May 2017	65,936	35,220	4,984	106,140
Charge for the year	247	1,092	129	1,468
	--------	--------	-------	---------
At 30 April 2018	66,183	36,312	5,113	107,608
	--------	--------	-------	---------
Carrying amount
At 30 April 2018	990	4,368	517	5,875
	--------	--------	-------	---------
At 30 April 2017	1,237	5,460	646	7,343
	--------	--------	-------	---------

6. Debtors

	2018	2017
	£	£
Trade debtors	4,950	15,493
Other debtors	33,667	3,667
	--------	--------
	38,617	19,160
	--------	--------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	2,245	5,698
Corporation tax	23,193	23,763
Social security and other taxes	15,862	16,951
Other creditors	39,773	59,673
	--------	---------
	81,073	106,085
	--------	---------

8. Related party transactions

The company was under the control of H R Mecklenburgh throughout the current and previous year. H R Mecklenburgh is the managing director and majority shareholder. Dividends paid to directors were £77,006 (2017:£77,925). The amount due to the company from the directors was £30,000, (2017:£nil)

Lawton Prior & Mecklenburgh Limited

Management Information

Year ended 30 April 2018

The following pages do not form part of the financial statements.

Lawton Prior & Mecklenburgh Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lawton Prior & Mecklenburgh Limited

Year ended 30 April 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 April 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Hardcastle Burton Chartered accountant

166 Northwood Way Northwood Middlesex HA6 1RB

12 July 2018