Company Registration No. 04665429 (England and Wales)
Lawson (Plymouth) Limited
Unaudited accounts
for the year ended 31 December 2018
Lawson (Plymouth) Limited
Unaudited accounts
Contents
Lawson (Plymouth) Limited
Company Information
for the year ended 31 December 2018
Directors
Mr Darren James Lawson
Mrs Deborah Jane Lawson
Secretary
Mr Darren James Lawson
Company Number
04665429 (England and Wales)
Registered Office
6 Mannamead Road
Plymouth
Devon
PL4 6HH
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
Lawson (Plymouth) Limited
Statement of financial position
as at 31 December 2018
Tangible assets
33,157
43,159
Cash at bank and in hand
123,175
502
Creditors: amounts falling due within one year
(184,119)
(126,205)
Net current liabilities
(8,858)
(15,534)
Total assets less current liabilities
24,699
28,025
Provisions for liabilities
Deferred tax
(3,233)
(3,949)
Called up share capital
5,001
5,001
Share premium
45,000
45,000
Profit and loss account
(28,535)
(25,925)
Shareholders' funds
21,466
24,076
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 September 2019.
Mr Darren James Lawson
Director
Company Registration No. 04665429
Lawson (Plymouth) Limited
Notes to the Accounts
for the year ended 31 December 2018
Lawson (Plymouth) Limited is a private company, limited by shares, registered in England and Wales, registration number 04665429. The registered office is 6 Mannamead Road, Plymouth, Devon, PL4 6HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
8 Years Straight Line (Leasehold Property)
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
20% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
Other tangible fixed assets
20% Reducing Balance Basis (Property Improvements)
Lawson (Plymouth) Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2018
140,415
23,200
55,536
39,282
258,433
At 31 December 2018
140,415
23,200
55,536
39,282
258,433
At 1 January 2018
130,274
6,832
49,922
28,246
215,274
Charge for the year
2,028
4,092
1,123
2,759
10,002
At 31 December 2018
132,302
10,924
51,045
31,005
225,276
At 31 December 2018
8,113
12,276
4,491
8,277
33,157
At 31 December 2017
10,141
16,368
5,614
11,036
43,159
5
Investments
Other investments
Valuation at 1 January 2018
400
Valuation at 31 December 2018
400
Trade debtors
44,648
65,050
Accrued income and prepayments
6,238
14,235
Other debtors
1,200
30,884
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
6,411
Trade creditors
7,406
19,582
Amounts owed to group undertakings and other participating interests
121,006
101,004
Taxes and social security
67,137
30,226
Loans from directors
(19,884)
(41,007)
8
Average number of employees
During the year the average number of employees was 28 (2017: 30).
