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REGISTERED NUMBER: SC224675 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Colin Lawson (Builders) Ltd.

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Contents of the Financial Statements
for the year ended 31st March 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Colin Lawson (Builders) Ltd.

Company Information
for the year ended 31st March 2023







Directors: M Lawson
C Lawson
C Lawson





Secretary: C Lawson





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC224675 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Colin Lawson (Builders) Ltd.


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colin Lawson (Builders) Ltd. for the year ended 31st March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Colin Lawson (Builders) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colin Lawson (Builders) Ltd. and state those matters that we have agreed to state to the Board of Directors of Colin Lawson (Builders) Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colin Lawson (Builders) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colin Lawson (Builders) Ltd.. You consider that Colin Lawson (Builders) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colin Lawson (Builders) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


1st March 2024

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 330,553 368,878

Current assets
Stocks 569,582 447,166
Debtors 5 186,610 217,203
Cash at bank and in hand 79,284 29,192
835,476 693,561
Creditors
Amounts falling due within one year 6 169,177 119,046
Net current assets 666,299 574,515
Total assets less current liabilities 996,852 943,393

Provisions for liabilities 28,651 27,876
Net assets 968,201 915,517

Capital and reserves
Called up share capital 100 100
Retained earnings 968,101 915,417
968,201 915,517

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

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

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Balance Sheet - continued
31st 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st March 2024 and were signed on its behalf by:





C Lawson - Director


Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements
for the year ended 31st March 2023


1. Statutory information

Colin Lawson (Builders) Ltd. is a private company, limited by shares , registered in Scotland. 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
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:





Freehold Property-2% straight line
Plant and machinery-15 - 40% reducing balance
Motor Vehicles-25% Reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 22 (2022 - 23 ) .

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1st April 2022 310,572 137,744 4,244 286,330 738,890
Additions - - 2,669 - 2,669
At 31st March 2023 310,572 137,744 6,913 286,330 741,559
Depreciation
At 1st April 2022 88,410 113,955 805 166,842 370,012
Charge for year 6,211 3,975 936 29,872 40,994
At 31st March 2023 94,621 117,930 1,741 196,714 411,006
Net book value
At 31st March 2023 215,951 19,814 5,172 89,616 330,553
At 31st March 2022 222,162 23,789 3,439 119,488 368,878

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 95,165 162,317
Other debtors 91,445 54,886
186,610 217,203

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 91,709 87,894
Taxation and social security 56,316 24,852
Other creditors 21,152 6,300
169,177 119,046

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements - continued
for the year ended 31st March 2023


7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
M Lawson
Balance outstanding at start of year 37,205 -
Amounts advanced 45,000 125,000
Amounts repaid (41,500 ) (87,795 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,705 37,205

C Lawson and C Lawson
Balance outstanding at start of year - -
Amounts advanced 122,387 -
Amounts repaid (104,205 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,182 -