Lawrence & Company Accountants Limited - Accounts to registrar (filleted) - small 17.3

Lawrence & Company Accountants Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 04450747(England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2017

for

Lawrence & Company Accountants Limited

Lawrence & Company Accountants Limited (Registered number: 04450747)






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Lawrence & Company Accountants Limited

Company Information
for the Year Ended 31 May 2017







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

Lawrence & Company Accountants Limited (Registered number: 04450747)

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,869 3,826

CURRENT ASSETS
Debtors 5 196,303 159,455
Cash at bank 25,492 21,169
221,795 180,624
CREDITORS
Amounts falling due within one year 6 27,622 28,757
NET CURRENT ASSETS 194,173 151,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,042

155,693

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 196,792 155,443
SHAREHOLDERS' FUNDS 197,042 155,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 22 February 2018and were signed by:





C Peacock- Director


Lawrence & Company Accountants Limited (Registered number: 04450747)

Notes to the Financial Statements
for the Year Ended 31 May 2017

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(2016 - 1) .

Lawrence & Company Accountants Limited (Registered number: 04450747)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2016
and 31 May 2017 7,693 4,532 12,225
DEPRECIATION
At 1 June 2016 5,834 2,565 8,399
Charge for year 465 492 957
At 31 May 2017 6,299 3,057 9,356
NET BOOK VALUE
At 31 May 2017 1,394 1,475 2,869
At 31 May 2016 1,859 1,967 3,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 22,907 17,418
Other debtors 173,396 142,037
196,303 159,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade creditors 442 477
Tax 24,499 19,007
VAT 2,021 1,313
Directors' current account 660 7,960
27,622 28,757

7. RELATED PARTY DISCLOSURES

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. No dividends were paid to the
director during the year.

Lawrence & Company Accountants Limited

Report of the Accountants to the Director of
Lawrence & Company Accountants Limited

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 2017 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


23 February 2018