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REGISTERED NUMBER: 04716524 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Lawwood Limited

Lawwood Limited (Registered number: 04716524)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lawwood Limited (Registered number: 04716524)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £
Fixed assets
Intangible assets 4 2,500 7,500
Tangible assets 5 4,192 11,340
Investments 6 500,000 -
506,692 18,840

Current assets
Debtors 7 5,723 5,723
Cash at bank 200,694 43,340
206,417 49,063
Creditors
Amounts falling due within one year 8 (79,919 ) (48,420 )
Net current assets 126,498 643
Total assets less current liabilities 633,190 19,483

Creditors
Amounts falling due after more than
one year

9

(500,000

)

-

Provisions for liabilities 10 (1,290 ) (1,290 )
Net assets 131,900 18,193

Capital and reserves
Called up share capital 11 200 200
Retained earnings 12 131,700 17,993
Shareholders' funds 131,900 18,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Lawwood Limited (Registered number: 04716524)

Balance Sheet - continued
30 June 2023


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 27 August 2023 and were signed on its behalf by:




Dr Ruhan Nasir - Director



Mrs Mehreen Fatima - Director


Lawwood Limited (Registered number: 04716524)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Lawwood Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04716524

Registered office: 87 Todmorden Road
Burnley
Lancashire
BB11 3ES

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 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.


Lawwood Limited (Registered number: 04716524)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. Accounting policies - continued
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 13 (2022 - 16 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022
and 30 June 2023 200,000
Amortisation
At 1 July 2022 192,500
Amortisation for year 5,000
At 30 June 2023 197,500
Net book value
At 30 June 2023 2,500
At 30 June 2022 7,500

Lawwood Limited (Registered number: 04716524)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 July 2022
and 30 June 2023 58,093 14,427 72,520
Depreciation
At 1 July 2022 47,195 13,985 61,180
Charge for year 1,055 6,093 7,148
At 30 June 2023 48,250 20,078 68,328
Net book value
At 30 June 2023 9,843 (5,651 ) 4,192
At 30 June 2022 10,898 442 11,340

6. Fixed asset investments
Unlisted
investments
£
Cost
Additions 500,000
At 30 June 2023 500,000
Net book value
At 30 June 2023 500,000

7. Debtors: amounts falling due within one year
30.6.23 30.6.22
£ £
Prepayments 5,723 5,723

8. Creditors: amounts falling due within one year
30.6.23 30.6.22
£ £
Trade creditors 27,000 8,883
Corporation tax 52,334 33,340
Social security and other taxes 585 -
Other creditors - 6,197
79,919 48,420

Lawwood Limited (Registered number: 04716524)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. Creditors: amounts falling due after more than one year
30.6.23 30.6.22
£ £
Trade creditors 500,000 -

10. Provisions for liabilities
30.6.23 30.6.22
£ £
Deferred tax
Other timing differences 1,290 1,290

Deferred tax
£
Balance at 1 July 2022 1,290
Balance at 30 June 2023 1,290

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £ £
200 Ordinary shares 1 200 200

12. Reserves
Retained
earnings
£

At 1 July 2022 17,993
Profit for the year 113,707
At 30 June 2023 131,700