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REGISTERED NUMBER: SC439557 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Lawrence Logistics Limited

Lawrence Logistics Limited (Registered number: SC439557)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lawrence Logistics Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs G Lawrence





REGISTERED OFFICE: Hilltop House
Netherbackhill
Ardallie
Peterhead
Aberdeenshire
AB42 5BQ





REGISTERED NUMBER: SC439557 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Lawrence Logistics Limited (Registered number: SC439557)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,803 21,553

CURRENT ASSETS
Stocks 1,500 507
Debtors 5 3,474 2,478
Cash at bank and in hand 8,436 6,329
13,410 9,314
CREDITORS
Amounts falling due within one year 6 14,885 18,369
NET CURRENT LIABILITIES (1,475 ) (9,055 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,328

12,498

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,228 12,398
21,328 12,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





Mrs G Lawrence - Director


Lawrence Logistics Limited (Registered number: SC439557)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lawrence Logistics Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

Lawrence Logistics Limited (Registered number: SC439557)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 39,150 13,184 3,850 1,267 57,451
Additions 157 - 8,500 540 9,197
Disposals - - (3,850 ) - (3,850 )
At 31 March 2023 39,307 13,184 8,500 1,807 62,798
DEPRECIATION
At 1 April 2022 23,649 8,759 2,226 1,264 35,898
Charge for year 3,132 885 2,125 181 6,323
Eliminated on disposal - - (2,226 ) - (2,226 )
At 31 March 2023 26,781 9,644 2,125 1,445 39,995
NET BOOK VALUE
At 31 March 2023 12,526 3,540 6,375 362 22,803
At 31 March 2022 15,501 4,425 1,624 3 21,553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 3,474 2,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,491 1,058
Taxation and social security 2,076 1,520
Other creditors 11,318 15,791
14,885 18,369

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs G Lawrence.