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Unaudited Financial Statements for the Year Ended 31 December 2023

for

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S S J Lawton
P Brumby
J A Lawton
E J Duggan
I J Lawton





REGISTERED OFFICE: Unit 10, The Glenmore Centre
Grove Technology Centre
Downsview Road
Wantage
OX12 9GN





REGISTERED NUMBER: 03018151 (England and Wales)





ACCOUNTANTS: Abacus Business Consulting Limited
Thistledown
Wendlebury
Bicester
OX25 2PE

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 591,272 436,112

CURRENT ASSETS
Stocks 151,432 92,304
Debtors 5 1,057,917 615,716
Cash at bank 1,160,239 471,899
2,369,588 1,179,919
CREDITORS
Amounts falling due within one year 6 1,829,396 920,236
NET CURRENT ASSETS 540,192 259,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,131,464

695,795

CREDITORS
Amounts falling due after more than one
year

7

(99,212

)

(52,597

)

PROVISIONS FOR LIABILITIES (33,000 ) (33,000 )
NET ASSETS 999,252 610,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 999,152 610,098
SHAREHOLDERS' FUNDS 999,252 610,198

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

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

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)

Balance Sheet - continued
31 December 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 10 June 2024 and were signed on its behalf by:





J A Lawton - Director


LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)

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

1. STATUTORY INFORMATION

LAWTON (BUILDING ENGINEERING SERVICES) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

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

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.

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.

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 47 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 252,062 42,703 12,675
Additions - - -
Disposals - - -
At 31 December 2023 252,062 42,703 12,675
DEPRECIATION
At 1 January 2023 - 32,702 9,758
Charge for year - 7,720 137
Eliminated on disposal - - -
At 31 December 2023 - 40,422 9,895
NET BOOK VALUE
At 31 December 2023 252,062 2,281 2,780
At 31 December 2022 252,062 10,001 2,917

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 567,701 39,992 915,133
Additions 209,098 - 209,098
Disposals (69,013 ) - (69,013 )
At 31 December 2023 707,786 39,992 1,055,218
DEPRECIATION
At 1 January 2023 398,069 38,492 479,021
Charge for year 46,080 - 53,937
Eliminated on disposal (69,012 ) - (69,012 )
At 31 December 2023 375,137 38,492 463,946
NET BOOK VALUE
At 31 December 2023 332,649 1,500 591,272
At 31 December 2022 169,632 1,500 436,112

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 237,164
Additions 209,098
Transfer to ownership (135,838 )
At 31 December 2023 310,424
DEPRECIATION
At 1 January 2023 64,117
Charge for year 20,095
Transfer to ownership (58,827 )
At 31 December 2023 25,385
NET BOOK VALUE
At 31 December 2023 285,039
At 31 December 2022 173,047

LAWTON (BUILDING ENGINEERING SERVICES)
LIMITED (Registered number: 03018151)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 440,717 300,281
Amounts recoverable on contract 506,390 291,648
Other debtors 110,810 23,787
1,057,917 615,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 93,721 46,356
Trade creditors 1,480,783 727,321
Taxation and social security 229,777 123,901
Other creditors 25,115 22,658
1,829,396 920,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 99,212 52,597