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REGISTERED NUMBER: 04952009 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

LAWSON FREIGHT SERVICES LIMITED

LAWSON FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 04952009)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAWSON FREIGHT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: J A Lawson
B A Lawson





SECRETARY: B A Lawson





REGISTERED OFFICE: 10 Littlebourne Road
Maidstone
Kent
ME14 5QP





REGISTERED NUMBER: 04952009 (England and Wales)





ACCOUNTANTS: SHPD Accountants
10 Littlebourne Road
Maidstone
Kent
ME14 5QP

LAWSON FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 04952009)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,222 19,028
Tangible assets 5 - 75
15,222 19,103

CURRENT ASSETS
Debtors 6 20,968 24,657
Cash at bank 39,509 39,298
60,477 63,955
CREDITORS
Amounts falling due within one year 7 28,174 25,976
NET CURRENT ASSETS 32,303 37,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,525

57,082

CREDITORS
Amounts falling due after more than one
year

8

(43,717

)

(47,645

)

PROVISIONS FOR LIABILITIES (2,892 ) (3,630 )
NET ASSETS 916 5,807

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 896 5,787
SHAREHOLDERS' FUNDS 916 5,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 04952009)

BALANCE SHEET - continued
30 NOVEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2022 and were signed on its behalf by:




J A Lawson - Director



B A Lawson - Director


LAWSON FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 04952009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Lawson Freight Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life. Amortisation was originally being applied evenly over an estimated life of 50 years. The estimated useful life has since been revised and is now expected to end in 2026. The rate of amortisation has been adjusted to reflect the new estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

LAWSON FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 04952009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 56,000
AMORTISATION
At 1 December 2020 36,972
Amortisation for year 3,806
At 30 November 2021 40,778
NET BOOK VALUE
At 30 November 2021 15,222
At 30 November 2020 19,028

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2020
and 30 November 2021 1,269 302 1,571
DEPRECIATION
At 1 December 2020 1,269 227 1,496
Charge for year - 75 75
At 30 November 2021 1,269 302 1,571
NET BOOK VALUE
At 30 November 2021 - - -
At 30 November 2020 - 75 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 20,102 24,253
Other debtors 866 404
20,968 24,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,843 2,355
Trade creditors 17,425 15,320
Taxation and social security 4,762 7,157
Other creditors 1,144 1,144
28,174 25,976

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 43,717 47,645

LAWSON FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 04952009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,215 7,904

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,348 (2020 - £28,325) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

No one person holds a controlling interest in the company.