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Company Registration No. SC197990 (Scotland)
Lawrie & Son (RFC) Limited Unaudited accounts for the year ended 30 November 2023
Lawrie & Son (RFC) Limited Unaudited accounts Contents
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Lawrie & Son (RFC) Limited Company Information for the year ended 30 November 2023
Directors
J Lawrie D Lawrie
Secretary
R J Lawrie
Company Number
SC197990 (Scotland)
Registered Office
Balchalum Farm Rait Errol Perthshire PH2 7RR United Kingdom
Accountants
Helen Hally CA The Retreat South Street Burrelton Perthshire PH13 9PE
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Lawrie & Son (RFC) Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
325,281 
407,110 
Current assets
Inventories
97,974 
99,166 
Debtors
83,653 
114,029 
Cash at bank and in hand
36,552 
37,336 
218,179 
250,531 
Creditors: amounts falling due within one year
(304,553)
(352,888)
Net current liabilities
(86,374)
(102,357)
Total assets less current liabilities
238,907 
304,753 
Creditors: amounts falling due after more than one year
(61,367)
(117,843)
Net assets
177,540 
186,910 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
177,538 
186,908 
Shareholders' funds
177,540 
186,910 
For the year ending 30 November 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 19 August 2024 and were signed on its behalf by
J Lawrie Director Company Registration No. SC197990
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Lawrie & Son (RFC) Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Lawrie & Son (RFC) Limited is a private company, limited by shares, registered in Scotland, registration number SC197990. The registered office is Balchalum Farm, Rait, Errol, Perthshire, PH2 7RR, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value in the ordinary course of business.
Leased assets
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Lawrie & Son (RFC) Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
1,489,015 
53,050 
1,542,065 
At 30 November 2023
1,489,015 
53,050 
1,542,065 
Depreciation
At 1 December 2022
1,090,043 
44,912 
1,134,955 
Charge for the year
79,795 
2,034 
81,829 
At 30 November 2023
1,169,838 
46,946 
1,216,784 
Net book value
At 30 November 2023
319,177 
6,104 
325,281 
At 30 November 2022
398,972 
8,138 
407,110 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
300,284 
375,355 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,653 
112,029 
Other debtors
2,000 
2,000 
83,653 
114,029 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
56,276 
73,927 
Trade creditors
97,408 
114,267 
Taxes and social security
22,532 
20,263 
Other creditors
5,401 
8,246 
Loans from directors
122,936 
136,185 
304,553 
352,888 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
61,367 
117,843 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Lawrie & Son (RFC) Limited Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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