Lawrence & Company Accountants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04450747 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Lawrence & Company Accountants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

C Peacock

SECRETARY:

Ms A M Griffiths

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

04450747 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

2,152

2,869

CURRENT ASSETS

Debtors

5

220,224

196,303

Cash at bank

6,819

25,492

227,043

221,795

CREDITORS

Amounts falling due within one year

6

25,333

27,622

NET CURRENT ASSETS

201,710

194,173

TOTAL ASSETS LESS CURRENT LIABILITIES

203,862

197,042

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

7

203,612

196,792

SHAREHOLDERS' FUNDS

203,862

197,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 February 2019 and were signed by:

C Peacock - Director

1.	STATUTORY INFORMATION

Lawrence & Company Accountants 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2017

and 31 May 2018

7,693

4,532

12,225

DEPRECIATION

At 1 June 2017

6,299

3,057

9,356

Charge for year

348

369

717

At 31 May 2018

6,647

3,426

10,073

NET BOOK VALUE

At 31 May 2018

1,046

1,106

2,152

At 31 May 2017

1,394

1,475

2,869

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

23,098

22,907

Other debtors

197,126

173,396

220,224

196,303

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

715

442

Tax

21,604

24,499

VAT

2,354

2,021

Directors' current account

660

660

25,333

27,622

7.

RESERVES

Retained

earnings

£

At 1 June 2017

196,792

Profit for the year

91,385

Dividends

(84,565

)

At 31 May 2018

203,612

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £17,000 were paid to the director .

Along with many companies of similar size and nature the company operates a directors loan account to facilitate some of

the company's financial transactions the movements in this account are summarised above. Dividends of £17,000 (£NIL)

were paid to the director during the year.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2018 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

26 February 2019