Company Registration No. 02230201 (England and Wales)
LAWSON & COWELL LTD
Unaudited accounts
for the year ended 31 December 2023
LAWSON & COWELL LTD
Unaudited accounts
Contents
LAWSON & COWELL LTD
Company Information
for the year ended 31 December 2023
Directors
Mr C T Lawson
Mr D Cowell
Company Number
02230201 (England and Wales)
Registered Office
1 JESMOND BUSINESS COURT
JESMOND ROAD
NEWCASTLE UPON TYNE
NE2 1LA
ENGLAND
Accountants
G W Accountants Ltd
1 Jesmond Business Court
217 Jesmond Road
Newcastle upon Tyne
NE2 1LA
LAWSON & COWELL LTD
Statement of financial position
as at 31 December 2023
Tangible assets
388,756
317,821
Cash at bank and in hand
1,893,350
1,473,419
Creditors: amounts falling due within one year
(755,852)
(909,897)
Net current assets
2,011,361
1,708,987
Total assets less current liabilities
2,400,117
2,026,808
Provisions for liabilities
Deferred tax
(93,975)
(57,788)
Net assets
2,306,142
1,969,020
Called up share capital
2
2
Profit and loss account
2,306,140
1,969,018
Shareholders' funds
2,306,142
1,969,020
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Mr C T Lawson
Director
Company Registration No. 02230201
LAWSON & COWELL LTD
Notes to the Accounts
for the year ended 31 December 2023
LAWSON & COWELL LTD is a private company, limited by shares, registered in England and Wales, registration number 02230201. The registered office is 1 JESMOND BUSINESS COURT, JESMOND ROAD, NEWCASTLE UPON TYNE, NE2 1LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
20,331
719,548
23,243
39,941
803,063
Additions
-
226,347
-
-
226,347
Disposals
-
(106,464)
-
-
(106,464)
At 31 December 2023
20,331
839,431
23,243
39,941
922,946
At 1 January 2023
15,706
423,437
19,317
26,782
485,242
Charge for the year
462
124,346
393
1,316
126,517
On disposals
-
(77,569)
-
-
(77,569)
At 31 December 2023
16,168
470,214
19,710
28,098
534,190
At 31 December 2023
4,163
369,217
3,533
11,843
388,756
At 31 December 2022
4,625
296,111
3,926
13,159
317,821
LAWSON & COWELL LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
747,175
1,051,395
Accrued income and prepayments
33,997
19,882
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
378,657
625,678
Taxes and social security
338,940
250,145
Other creditors
7,736
5,605
Loans from directors
29,023
27,644
Santander UK PLC holds a debenture dated 12 June 2019 providing it with a fixed and floating charge over the assets of the company.
8
Transactions with related parties
The company was under the joint control of Mr D Cowell and Mr C T Lawson throughout the current and previous year, both of whom are directors and 50% shareholders in the company.
9
Average number of employees
During the year the average number of employees was 40 (2022: 48).