Lawson Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04343190 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Lawson Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M G Wilson

SECRETARY:

Mrs M Wilson

REGISTERED OFFICE:

Station Yard

Station Road

Shrivenham

Swindon

SN6 8JL

REGISTERED NUMBER:

04343190 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

4

2,075

2,495

Tangible assets

5

2,742,212

2,424,797

Investments

6

10,002

10,002

2,754,289

2,437,294

CURRENT ASSETS

Debtors

7

802,333

933,843

Cash at bank and in hand

443,375

34,876

1,245,708

968,719

CREDITORS

Amounts falling due within one year

8

1,043,594

433,554

NET CURRENT ASSETS

202,114

535,165

TOTAL ASSETS LESS CURRENT LIABILITIES

2,956,403

2,972,459

CREDITORS

Amounts falling due after more than one year

9

(150,103

)

(199,377

)

PROVISIONS FOR LIABILITIES

(158,638

)

(186,032

)

NET ASSETS

2,647,662

2,587,050

CAPITAL AND RESERVES

Called up share capital

23,000

23,000

Retained earnings

2,624,662

2,564,050

SHAREHOLDERS' FUNDS

2,647,662

2,587,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 February 2019 and were signed by:

M G Wilson - Director

1.	STATUTORY INFORMATION

Lawson Group 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.

Preparation of consolidated financial statements

The financial statements contain information about Lawson Group Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company is exempt under Section

399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the net invoiced sales of plant hire and other services, excluding value added tax.

Patents & licences

Amortisation on patents and licences has been provided for at 10% on cost.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

Straight line over the life of the lease

Plant and machinery

-

10% on reducing balance and at varying rates on cost

Motor vehicles

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank

loans and loans to or from other group companies are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 October 2017

and 30 September 2018

4,210

AMORTISATION

At 1 October 2017

1,715

Amortisation for year

420

At 30 September 2018

2,135

NET BOOK VALUE

At 30 September 2018

2,075

At 30 September 2017

2,495

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2017

513,627

3,466,970

615,693

4,596,290

Additions

-

734,720

331,221

1,065,941

Disposals

-

(241,406

)

(123,107

)

(364,513

)

At 30 September 2018

513,627

3,960,284

823,807

5,297,718

DEPRECIATION

At 1 October 2017

57,000

1,832,530

281,963

2,171,493

Charge for year

7,200

496,979

142,990

647,169

Eliminated on disposal

-

(178,401

)

(84,755

)

(263,156

)

At 30 September 2018

64,200

2,151,108

340,198

2,555,506

NET BOOK VALUE

At 30 September 2018

449,427

1,809,176

483,609

2,742,212

At 30 September 2017

456,627

1,634,440

333,730

2,424,797

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 October 2017

1,272,000

Transfer to ownership

(1,272,000

)

At 30 September 2018

-

DEPRECIATION

At 1 October 2017

550,556

Transfer to ownership

(550,556

)

At 30 September 2018

-

NET BOOK VALUE

At 30 September 2018

-

At 30 September 2017

721,444

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2017

and 30 September 2018

10,002

NET BOOK VALUE

At 30 September 2018

10,002

At 30 September 2017

10,002

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lawson Demolition Ltd

Registered office: Station Yard, Station Road, Shrivenham, Swindon, SN6 8JL

Nature of business: Demolition work

%

Class of shares:

holding

Ordinary £1 Shares

100.00

2018

2017

£

£

Aggregate capital and reserves

1,537,858

1,265,019

Profit for the year

272,839

968,381

Lawson Environmental Ltd

Registered office: Station Yard, Station Road, Shrivenham, Swindon, SN6 8JL

Nature of business: Asbestos removal

%

Class of shares:

holding

Ordinary £1 Shares

100.00

2018

2017

£

£

Aggregate capital and reserves

234,990

189,957

Profit for the year

45,033

81,764

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

795,333

929,548

Other debtors

2,000

1,768

VAT

-

2,527

Prepayments and accrued income

5,000

-

802,333

933,843

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

30,597

29,618

Hire purchase contracts

-

269,220

Amounts owed to group undertakings

772,220

-

Taxation and social security

105,012

132,917

Other creditors

135,765

1,799

1,043,594

433,554

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

150,103

181,996

Hire purchase contracts

-

17,381

150,103

199,377

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,557

49,294

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

180,700

211,614

Hire purchase contracts

-

286,601

180,700

498,215

AIB Group (UK) PLC hold a mortgage debenture dated 2 November 2009 covering all indebtedness of the

company, present and future and actual and/or contingent. The debenture creates fixed and floating charges over

all company assets and the assets of its subsidiary, Lawson Demolition Ltd, as well as a charge by way of legal

mortgage over the property known as Land on the South side of Hargreaves Road, Groundwell Employment

Area, Swindon.