Lawrence Container Hire Limited - Limited company accounts 11.6

REGISTERED NUMBER: 02586004 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

LAWRENCE CONTAINER HIRE LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mrs J Lawrence

A Lawrence

SECRETARY:

A Lawrence

REGISTERED OFFICE:

Commercial House

High Street

Hadlow

Kent

TN11 0EE

REGISTERED NUMBER:

02586004 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 30 April 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2013 to the date of this report.

Mrs J Lawrence

A Lawrence

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mrs J Lawrence - Director

8 January 2015

TURNOVER

335,315

335,598

Cost of sales

114,999

91,423

GROSS PROFIT

220,316

244,175

Administrative expenses

31,747

35,242

OPERATING PROFIT

2

188,569

208,933

Interest receivable and similar income

97

68

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION

188,666

209,001

Tax on profit on ordinary activities

3

38,110

42,177

PROFIT FOR THE FINANCIAL YEAR

150,556

166,824

FIXED ASSETS

Tangible assets

5

633,086

619,692

CURRENT ASSETS

Debtors

6

71,295

81,060

Cash at bank and in hand

106,082

74,014

177,377

155,074

CREDITORS

Amounts falling due within one year

7

64,241

79,100

NET CURRENT ASSETS

113,136

75,974

TOTAL ASSETS LESS CURRENT
LIABILITIES

746,222

695,666

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

9

746,220

695,664

SHAREHOLDERS' FUNDS

746,222

695,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 8 January 2015 and were signed on its behalf by:

Mrs J Lawrence - 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 April 2008).

Turnover

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

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

-

20% on cost

Hire stock

No depreciation has been charged on hire stock due to its continually revolving nature.

2.	OPERATING PROFIT

The operating profit is stated after charging:

2014

2013

£

Depreciation - owned assets

1,884

Directors' remuneration and other benefits etc

15,428

14,900

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

38,110

42,177

Tax on profit on ordinary activities

38,110

42,177

4.

DIVIDENDS

2014

2013

£

Final

100,000

70,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2013

623,460

Additions

72,758

Disposals

(57,480

)

At 30 April 2014

638,738

DEPRECIATION

At 1 May 2013

3,768

Charge for year

1,884

At 30 April 2014

5,652

NET BOOK VALUE

At 30 April 2014

633,086

At 30 April 2013

619,692

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

71,295

81,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

18,322

13,922

Taxation and social security

44,475

46,476

Other creditors

1,444

18,702

64,241

79,100

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

9.

RESERVES

Profit

and loss

account

£

At 1 May 2013

695,664

Profit for the year

150,556

Dividends

(100,000

)

At 30 April 2014

746,220

10.	RELATED PARTY DISCLOSURES

Lawrence Containers

A business in which the company's directors are partners.

Goods and services at a value of £352,254 (2013 - £311,230) were purchased during the year. Sales at a value

of £320,202 (2013 - £277,024) were made during the year. Management charges of £16,774 (2013 - £14,821)

were paid during the year.

2014

2013

£

Amount due to related party at the balance sheet date

-

17,302