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
Lawrie & Son (RFC) Limited
Company Information
for the year ended 30 November 2023
Directors
J Lawrie
D 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
Lawrie & Son (RFC) Limited
Statement of financial position
as at 30 November 2023
Tangible assets
325,281
407,110
Cash at bank and in hand
36,552
37,336
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
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
Lawrie & Son (RFC) Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts are presented in £ sterling.
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 and work-in-progress are valued at the lower of cost and net realisable value in the ordinary course of business.
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.
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
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
At 30 November 2023
319,177
6,104
325,281
At 30 November 2022
398,972
8,138
407,110
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
300,284
375,355
Amounts falling due within one year
Trade debtors
81,653
112,029
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
61,367
117,843
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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).