Company Registration No. 6116232 (England and Wales)
STEPHEN LAWRENCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
STEPHEN LAWRENCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STEPHEN LAWRENCE LIMITED
COMPANY INFORMATION
Directors
A Lawrence
S Lawrence
Secretary
Mrs S Lawrence
Company number
6116232
Registered office
Unit 5 Handford Court
Off Garston Lane
Watford
Herts
WD25 9EJ
Accountants
D R Accountancy Services Limited
Stevendale House
Primett Road
Stevenage
Herts
SG1 3EE
1
Accounting policies
Company information

Stephen Lawrence Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5 Handford Court, Off Garston Lane, Watford, Herts, WD25 9EJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
STEPHEN LAWRENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STEPHEN LAWRENCE LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
102,766
90,238
Current assets
Stock and work in progress
1,621
2,829
Debtors
3
164,722
128,082
Cash at bank and in hand
292,831
223,005
459,174
353,916
Creditors: amounts falling due within one year
4
(150,103)
(169,695)
Net current assets
309,071
184,221
Total assets less current liabilities
411,837
274,459
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
411,835
274,457
Total equity
411,837
274,459

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

 

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

The financial statements were approved by the board of directors and authorised for issue on 14 November 2023 and are signed on its behalf by:
S Lawrence
Director
Company Registration No. 6116232
STEPHEN LAWRENCE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022
316,771
Additions
46,784
At 28 February 2023
363,555
Depreciation and impairment
At 1 March 2022
226,533
Depreciation charged in the year
34,256
At 28 February 2023
260,789
Carrying amount
At 28 February 2023
102,766
At 28 February 2022
90,238
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
164,722
128,082
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
921
5,568
Corporation tax
41,004
45,031
Other taxation and social security
73,686
75,843
Other creditors
34,492
43,253
150,103
169,695
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary shares of £1 each
100
100
Issued and fully paid
2 Ordinary shares of £1 each
2
2
STEPHEN LAWRENCE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
(Continued)
- 3 -
2023-02-282022-03-01falseCCH SoftwareCCH Accounts Production 2023.100No description of principal activityA LawrenceS LawrenceMrs S Lawrence361162322022-03-012023-02-286116232bus:Director12022-03-012023-02-286116232bus:Director22022-03-012023-02-286116232bus:CompanySecretary12022-03-012023-02-286116232bus:RegisteredOffice2022-03-012023-02-286116232core:PlantMachinery2022-03-012023-02-2861162322023-02-2861162322022-02-286116232core:OtherPropertyPlantEquipment2023-02-286116232core:OtherPropertyPlantEquipment2022-02-286116232core:CurrentFinancialInstruments2023-02-286116232core:CurrentFinancialInstruments2022-02-286116232core:Non-currentFinancialInstruments2023-02-286116232core:ShareCapital2023-02-286116232core:ShareCapital2022-02-286116232core:RetainedEarningsAccumulatedLosses2023-02-286116232core:RetainedEarningsAccumulatedLosses2022-02-286116232core:OtherPropertyPlantEquipment2022-02-286116232core:OtherPropertyPlantEquipment2022-03-012023-02-286116232bus:PrivateLimitedCompanyLtd2022-03-012023-02-286116232bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-286116232bus:FRS1022022-03-012023-02-286116232bus:AuditExempt-NoAccountantsReport2022-03-012023-02-286116232bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP