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REGISTERED NUMBER: 04450747 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Lawrence & Company Accountants Limited

Lawrence & Company Accountants Limited (Registered number: 04450747)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lawrence & Company Accountants Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: C Peacock





SECRETARY: Ms AM Griffiths





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 04450747 (England and Wales)





ACCOUNTANTS: Lawrence & Company
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Lawrence & Company Accountants Limited (Registered number: 04450747)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 819 1,091

CURRENT ASSETS
Debtors 5 409,433 380,713

CREDITORS
Amounts falling due within one year 6 42,609 41,345
NET CURRENT ASSETS 366,824 339,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,643

340,459

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 7 367,393 340,209
SHAREHOLDERS' FUNDS 367,643 340,459

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

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

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 director and authorised for issue on 14 February 2024 and were signed by:





C Peacock - Director


Lawrence & Company Accountants Limited (Registered number: 04450747)

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

1. STATUTORY INFORMATION

Lawrence & Company Accountants 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Lawrence & Company Accountants Limited (Registered number: 04450747)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 8,241 4,532 12,773
DEPRECIATION
At 1 June 2022 7,499 4,183 11,682
Charge for year 185 87 272
At 31 May 2023 7,684 4,270 11,954
NET BOOK VALUE
At 31 May 2023 557 262 819
At 31 May 2022 742 349 1,091

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 24,958 25,441
Other debtors 384,475 355,272
409,433 380,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 6,620 7,994
Trade creditors - 71
Tax 25,517 25,546
VAT 1,194 1,737
Directors' current account 9,278 5,997
42,609 41,345

7. RESERVES
Retained
earnings
£   

At 1 June 2022 340,209
Profit for the year 57,384
Dividends (30,200 )
At 31 May 2023 367,393

Lawrence & Company Accountants Limited (Registered number: 04450747)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
C Peacock
Balance outstanding at start of year (6,828 ) (6,828 )
Amounts advanced (2,450 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,278 ) (6,828 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

Along with many companies of similar size and nature the company operates a directors loan account to facilitate some of the company's financial transactions the movements in this account are summarised above.