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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
Page
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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
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LAWSON & COWELL LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
388,756 
317,821 
Current assets
Inventories
21,420 
23,800 
Debtors
852,443 
1,121,665 
Cash at bank and in hand
1,893,350 
1,473,419 
2,767,213 
2,618,884 
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 
Capital and reserves
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
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LAWSON & COWELL LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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LAWSON & COWELL LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
70,591 
49,627 
Trade debtors
747,175 
1,051,395 
Accrued income and prepayments
33,997 
19,882 
Other debtors
680 
761 
852,443 
1,121,665 
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 
Accruals
1,496 
825 
755,852 
909,897 
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).
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