IRIS Accounts Production v23.3.1.45 06724086 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067240862022-10-31067240862023-10-31067240862022-11-012023-10-31067240862021-10-31067240862021-11-012022-10-31067240862022-10-3106724086ns10:Originalns15:EnglandWales2022-11-012023-10-3106724086ns14:PoundSterlingns10:Original2022-11-012023-10-3106724086ns10:Originalns10:Director12022-11-012023-10-3106724086ns10:Original2022-11-012023-10-3106724086ns10:Original2023-10-3106724086ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3106724086ns10:Originalns10:SmallEntities2022-11-012023-10-3106724086ns10:Originalns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3106724086ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3106724086ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3106724086ns10:Originalns10:FullAccounts2022-11-012023-10-3106724086ns10:Originalns10:Director22022-11-012023-10-3106724086ns10:CompanySecretary1ns10:Original2022-11-012023-10-3106724086ns10:Originalns10:RegisteredOffice2022-11-012023-10-3106724086ns10:Original2022-10-3106724086ns10:Originalns5:CurrentFinancialInstruments2023-10-3106724086ns10:Originalns5:CurrentFinancialInstruments2022-10-3106724086ns5:ShareCapitalns10:Original2023-10-3106724086ns5:ShareCapitalns10:Original2022-10-3106724086ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3106724086ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3106724086ns10:Originalns5:LandBuildings2022-11-012023-10-3106724086ns10:Originalns5:PlantMachinery2022-11-012023-10-3106724086ns10:Original2021-11-012022-10-3106724086ns10:Originalns5:LandBuildings2022-10-3106724086ns10:Originalns5:PlantMachinery2022-10-3106724086ns10:Originalns5:FurnitureFittings2022-10-3106724086ns10:Originalns5:ComputerEquipment2022-10-3106724086ns10:Original2022-10-3106724086ns10:Originalns5:FurnitureFittings2022-11-012023-10-3106724086ns10:Originalns5:ComputerEquipment2022-11-012023-10-3106724086ns10:Originalns5:LandBuildings2023-10-3106724086ns10:Originalns5:PlantMachinery2023-10-3106724086ns10:Originalns5:FurnitureFittings2023-10-3106724086ns10:Originalns5:ComputerEquipment2023-10-3106724086ns10:Originalns5:LandBuildings2022-10-3106724086ns10:Originalns5:PlantMachinery2022-10-3106724086ns10:Originalns5:FurnitureFittings2022-10-3106724086ns10:Originalns5:ComputerEquipment2022-10-31
REGISTERED NUMBER: 06724086 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Lawtons Furniture Limited

Lawtons Furniture Limited (Registered number: 06724086)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lawtons Furniture Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr P A Lawton
Mr P C Lawton





SECRETARY:





REGISTERED OFFICE: 1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU





REGISTERED NUMBER: 06724086 (England and Wales)





ACCOUNTANTS: Lerman Quaile
1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU

Lawtons Furniture Limited (Registered number: 06724086)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 799,965 48,783

CURRENT ASSETS
Stocks 895,000 835,000
Cash at bank and in hand 160,993 963,759
1,055,993 1,798,759
CREDITORS
Amounts falling due within one year 5 247,992 308,860
NET CURRENT ASSETS 808,001 1,489,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,607,966

1,538,682

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,607,666 1,538,382
SHAREHOLDERS' FUNDS 1,607,966 1,538,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 14 February 2024 and were signed on its behalf by:





Mr P C Lawton - Director


Lawtons Furniture Limited (Registered number: 06724086)

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

1. STATUTORY INFORMATION

Lawtons Furniture 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 25% on cost

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 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 18 (2022 - 21 ) .

Lawtons Furniture Limited (Registered number: 06724086)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 - 103,393 5,968 3,802 113,163
Additions 731,973 35,088 - - 767,061
At 31 October 2023 731,973 138,481 5,968 3,802 880,224
DEPRECIATION
At 1 November 2022 - 54,897 5,968 3,515 64,380
Charge for year 3,660 12,124 - 95 15,879
At 31 October 2023 3,660 67,021 5,968 3,610 80,259
NET BOOK VALUE
At 31 October 2023 728,313 71,460 - 192 799,965
At 31 October 2022 - 48,496 - 287 48,783

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 31,945 20,848
Taxation and social security 60,638 85,878
Other creditors 155,409 202,134
247,992 308,860