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REGISTERED NUMBER: SC206154 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

FOR

LAURENCE MCINTOSH LIMITED

LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAURENCE MCINTOSH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: D MacDonald
A Callander



REGISTERED OFFICE: 10 Kings Haugh
Peffermill Road
Edinburgh
EH16 5UY



REGISTERED NUMBER: SC206154 (Scotland)



ACCOUNTANTS: MacDonald Morton Ltd
Chartered Accountants
67 March Road
Edinburgh
EH4 3SU



BANKERS: The Royal Bank of Scotland plc
30 Nicolson Street
Edinburgh
EH8 9DL



SOLICITORS: Gillespie Macandrew
5 Atholl Crescent
Edinburgh
EH3 8EJ

LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 325,913 407,552
325,913 407,552

CURRENT ASSETS
Stocks 54,447 26,902
Debtors 6 3,284,656 2,546,205
Cash at bank and in hand 1,765,716 13,952
5,104,819 2,587,059
CREDITORS
Amounts falling due within one year 7 3,872,125 2,374,267
NET CURRENT ASSETS 1,232,694 212,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,558,607

620,344

CREDITORS
Amounts falling due after more than one year 8 (71,895 ) (292,978 )

PROVISIONS FOR LIABILITIES (66,688 ) (62,406 )
NET ASSETS 1,420,024 264,960

CAPITAL AND RESERVES
Called up share capital 1,000,820 820
Capital redemption reserve 410 410
Retained earnings 418,794 263,730
SHAREHOLDERS' FUNDS 1,420,024 264,960

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)

STATEMENT OF FINANCIAL POSITION - 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 25 March 2024 and were signed on its behalf by:





D MacDonald - Director


LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

Laurence McIntosh Limited 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.

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.

Significant judgements and estimates
The directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant, actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. Key accounting judgements include:

The Company undertakes construction contracts which take place over a period of time and revenue and profits are recognised as the contracts progress. The extent to which the contract revenue and profits have been earned involve estimating a percentage of completion under ongoing contracts which is based on costs incurred as a proportion of total estimated costs. Management base this assessment on detailed costings and progress reports and their experience of similar contracts in the past. Adjustments are made to reflect any after date events which have a significant impact on the final outcomes expected to be achieved on contracts.

Turnover
Turnover consists of the sales value (excluding VAT) of all work done in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the period.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds the following basic financial instruments.

Financial assets
Cash and cash equivalents - comprise cash in hand and deposits held with banks.

Trade and other debtors are initially measured at the undiscounted amounts receivable from a customer, which is normally the invoiced price. Trade and other debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found an impairment loss is recognised.

Financial liabilities
Trade and other creditors are initially measured at the transaction price, including any transaction costs.

Taxation
Taxation for the period 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 period 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.

Long term contracts
Amounts recoverable on long term contract, which are included within debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 63 (2021 - 58 ) .

LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 30 June 2023 64,000
AMORTISATION
At 1 January 2022
and 30 June 2023 64,000
NET BOOK VALUE
At 30 June 2023 -
At 31 December 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 551,582 27,345 300,737 95,422 975,086
Additions 27,103 19,456 - 9,775 56,334
Disposals (9,000 ) - (11,608 ) - (20,608 )
At 30 June 2023 569,685 46,801 289,129 105,197 1,010,812
DEPRECIATION
At 1 January 2022 322,764 15,730 159,984 69,056 567,534
Charge for period 68,420 4,884 48,385 14,195 135,884
Eliminated on disposal (8,304 ) - (10,215 ) - (18,519 )
At 30 June 2023 382,880 20,614 198,154 83,251 684,899
NET BOOK VALUE
At 30 June 2023 186,805 26,187 90,975 21,946 325,913
At 31 December 2021 228,818 11,615 140,753 26,366 407,552

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.21
£    £   
Trade debtors 975,253 233,185
Amounts recoverable on contract 1,665,230 1,862,394
Other debtors 644,173 450,626
3,284,656 2,546,205

LAURENCE MCINTOSH LIMITED (REGISTERED NUMBER: SC206154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.12.21
£    £   
Bank loans and overdrafts 145,833 50,000
Hire purchase contracts 49,684 71,120
Trade creditors 2,026,236 772,572
Amounts owed to group undertakings 707,052 1,094,669
Taxation and social security 908,564 359,931
Other creditors 34,756 25,975
3,872,125 2,374,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 31.12.21
£    £   
Bank loans - 170,833
Hire purchase contracts 71,895 122,145
71,895 292,978

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 31.12.21
£    £   
Hire purchase contracts 121,579 193,265

10. OTHER FINANCIAL COMMITMENTS

As at 30 June 2023 the company had future operating lease commitments of £86,474 (2022: £32,177).

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Laurence McIntosh Holdings Limited.

Address:- 10 Kings Haugh, Peffermill Road, Edinburgh, EH16 5UY