Lawson Demolition Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02601106 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Lawson Demolition Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M G Wilson

REGISTERED OFFICE:

Station Yard

Station Road

Shrivenham

Swindon

SN6 8JL

REGISTERED NUMBER:

02601106 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

2

2,169

1,012

Tangible assets

3

94,785

111,562

96,954

112,574

CURRENT ASSETS

Stocks

3,000

Debtors

1,542,128

2,532,994

Cash at bank and in hand

1,444,995

260,104

2,990,123

2,796,098

CREDITORS

Amounts falling due within one year

2,777,435

1,987,957

NET CURRENT ASSETS

212,688

808,141

TOTAL ASSETS LESS CURRENT
LIABILITIES

309,642

920,715

PROVISIONS FOR LIABILITIES

13,004

15,088

NET ASSETS

296,638

905,627

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

286,638

895,627

SHAREHOLDERS' FUNDS

296,638

905,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 March 2017 and were signed by:

M G Wilson - 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 January 2015).

Turnover

Turnover represents net invoiced sales of 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.

Improvements to property

-

over remaining life of the lease

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

11,301

Additions

1,836

At 30 September 2016

13,137

AMORTISATION

At 1 October 2015

10,289

Amortisation for year

679

At 30 September 2016

10,968

NET BOOK VALUE

At 30 September 2016

2,169

At 30 September 2015

1,012

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

358,410

Additions

614

At 30 September 2016

359,024

DEPRECIATION

At 1 October 2015

246,848

Charge for year

17,391

At 30 September 2016

264,239

NET BOOK VALUE

At 30 September 2016

94,785

At 30 September 2015

111,562

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

1

10,000

5.	ULTIMATE PARENT COMPANY

Lawson Group Limited is regarded by the director as being the company's ultimate parent company.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, interest received in respect of the loan to the director amounted to £nil (2015: £55). At the year end,

the company owed the director £124 (2015: £1,732).