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REGISTERED NUMBER: 06586843 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DAVID LAWRENCE CONSULTANTS LIMITED

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAVID LAWRENCE CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr D R Lawrence





SECRETARY: Dr D R Lawrence





REGISTERED OFFICE: 2 Jardine House
The Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 06586843 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,333 80,000
Property, plant and equipment 5 22,316 29,920
Investments 6 904,815 648,270
980,464 758,190

CURRENT ASSETS
Debtors 7 322,187 279,998
Cash at bank 430,014 500,754
752,201 780,752
CREDITORS
Amounts falling due within one year 8 72,210 96,586
NET CURRENT ASSETS 679,991 684,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,660,455

1,442,356

PROVISIONS FOR LIABILITIES 9 4,240 5,685
NET ASSETS 1,656,215 1,436,671

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,656,214 1,436,670
SHAREHOLDERS' FUNDS 1,656,215 1,436,671

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 his 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.

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Dr D R Lawrence - Director


DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

David Lawrence Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

Turnover
Turnover represents net invoiced fees receivable, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen 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.
Improvements to property - Straight line over 6 years
Computer and office equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 400,000
AMORTISATION
At 1 April 2022 320,000
Amortisation for year 26,667
At 31 March 2023 346,667
NET BOOK VALUE
At 31 March 2023 53,333
At 31 March 2022 80,000

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. PROPERTY, PLANT AND EQUIPMENT
Computer
Improvements and
to office
property equipment Totals
£    £    £   
COST
At 1 April 2022 45,702 175,762 221,464
Additions - 3,387 3,387
At 31 March 2023 45,702 179,149 224,851
DEPRECIATION
At 1 April 2022 45,702 145,842 191,544
Charge for year - 10,991 10,991
At 31 March 2023 45,702 156,833 202,535
NET BOOK VALUE
At 31 March 2023 - 22,316 22,316
At 31 March 2022 - 29,920 29,920

6. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 100 648,170 648,270
Additions - 267,183 267,183
Share of profit/(loss) - (9,311 ) (9,311 )
Revaluations - (2,065 ) (2,065 )
Dividends received - 738 738
At 31 March 2023 100 904,715 904,815
NET BOOK VALUE
At 31 March 2023 100 904,715 904,815
At 31 March 2022 100 648,170 648,270

Cost or valuation at 31 March 2023 is represented by:

Shares in
group Unlisted
undertakings investments Totals
£    £    £   
Valuation in 2021 - (1,168 ) (1,168 )
Valuation in 2022 - (1,762 ) (1,762 )
Valuation in 2023 - (10,638 ) (10,638 )
Cost 100 918,283 918,383
100 904,715 904,815

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

London Thoracic Surgeons Limited
Registered office: Within the United Kingdom
Nature of business: Dormant Company
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 54,215 69,925
Other debtors 267,972 210,073
322,187 279,998

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Corporation tax 48,416 60,417
Social security and other taxes 7,471 4,846
Directors' current accounts 13,503 28,503
Accruals and deferred income 2,820 2,820
72,210 96,586

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 4,240 5,685

Deferred
tax
£   
Balance at 1 April 2022 5,685
Provided during year (1,445 )
Balance at 31 March 2023 4,240

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

DAVID LAWRENCE CONSULTANTS LIMITED (REGISTERED NUMBER: 06586843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr DR Lawrence, its sole director and shareholder.