Lawson Group Limited - Accounts to registrar (filleted) - small 17.3
Lawson Group Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2017 |
for |
Lawson Group Limited |
Lawson Group Limited (Registered number: 04343190) |
Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Lawson Group Limited |
Company Information |
for the Year Ended 30 September 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants, |
2 Cricklade Court |
Old Town |
Swindon |
Wiltshire |
SN1 3EY |
Lawson Group Limited (Registered number: 04343190) |
Balance Sheet |
30 September 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
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. |
Lawson Group Limited (Registered number: 04343190) |
Balance Sheet - continued |
30 September 2017 |
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 |
Lawson Group Limited (Registered number: 04343190) |
Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
1. | STATUTORY INFORMATION |
Lawson Group Limited is a |
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 |
The company transitioned to FRS 102 from previously extant UK GAAP as at 1 October 2016. No significant |
adjustments were required to the current or prior year accounts as a result of the transition to FRS 102. |
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 has taken the option under |
Section 398 of the Companies Act 2006 not 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 |
Long leasehold | - |
Plant and machinery | - |
Motor vehicles | - |
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. |
Lawson Group Limited (Registered number: 04343190) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 October 2016 |
and 30 September 2017 |
AMORTISATION |
At 1 October 2016 |
Amortisation for year |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
Lawson Group Limited (Registered number: 04343190) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
5. | TANGIBLE FIXED ASSETS |
Long | Plant and | Motor |
leasehold | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2016 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 30 September 2017 |
DEPRECIATION |
At 1 October 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
At 1 October 2016 |
Transfer to ownership | (550,000 | ) |
At 30 September 2017 |
DEPRECIATION |
At 1 October 2016 |
Charge for year |
Transfer to ownership | (241,943 | ) |
At 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
Lawson Group Limited (Registered number: 04343190) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 October 2016 |
and 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
VAT |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Tax |
Social security and other taxes |
Other creditors |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans - 1-5 years |
Bank loans more 5 yr by instal |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 49,294 | 84,809 |
Lawson Group Limited (Registered number: 04343190) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
Hire purchase contracts | 286,601 | 746,106 |
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. |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 October 2016 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 30 September 2017 |
12. | RELATED PARTY DISCLOSURES |
During the year, the company hired plant and machinery and provided other goods and services to Lawson |
Demolition Limited. The amount charged by the company for the hire of this equipment and provision of other |
goods and services totalled £1,785,888 (2016: £1,446,457). The sales were made at an arm's length value. |
At the balance sheet date, the company was owed £253,346 by Lawson Demolition Limited (2016: £452,586). |
At the balance sheet date, the company was owed £676,202 by Lawson Environmental Limited (2016: |
£584,941). |
13. | ULTIMATE CONTROLLING PARTY |
The controlling party is M G Wilson. |