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REGISTERED NUMBER: SC347073 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Lawrie Construction Ltd

Lawrie Construction Ltd (Registered number: SC347073)






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


Lawrie Construction Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTORS: J Lawrie
Mrs K Lawrie





SECRETARY: Mrs K Lawrie





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC347073 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Lawrie Construction Ltd (Registered number: SC347073)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,662 80,838

CURRENT ASSETS
Stocks 118,225 47,000
Debtors 5 221,451 474,216
Cash at bank 33,008 20,616
372,684 541,832
CREDITORS
Amounts falling due within one year 6 344,273 470,551
NET CURRENT ASSETS 28,411 71,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,073

152,119

CREDITORS
Amounts falling due after more than one
year

7

(55,994

)

(62,786

)

PROVISIONS FOR LIABILITIES 9 (18,687 ) (10,773 )
NET ASSETS 30,392 78,560

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 30,381 78,549
SHAREHOLDERS' FUNDS 30,392 78,560

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.

Lawrie Construction Ltd (Registered number: SC347073)

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 12 September 2024 and were signed on its behalf by:





J Lawrie - Director


Lawrie Construction Ltd (Registered number: SC347073)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lawrie Construction Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.

Fixed asset investments
Investments in subsidiary undertakings are stated at cost less any provisions for impairment in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

Lawrie Construction Ltd (Registered number: SC347073)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 126,574 11,487 144,848 18,776 301,685
Additions - - 33,023 - 33,023
At 31 December 2023 126,574 11,487 177,871 18,776 334,708
DEPRECIATION
At 1 January 2023 107,787 8,664 92,185 12,211 220,847
Charge for year 13,758 706 21,422 1,313 37,199
At 31 December 2023 121,545 9,370 113,607 13,524 258,046
NET BOOK VALUE
At 31 December 2023 5,029 2,117 64,264 5,252 76,662
At 31 December 2022 18,787 2,823 52,663 6,565 80,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 63,925 94,255
Other debtors 157,526 379,961
221,451 474,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 84,185 128,560
Hire purchase contracts 10,736 15,316
Trade creditors 99,049 166,944
Taxation and social security 59,439 113,320
Other creditors 90,864 46,411
344,273 470,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 26,666 46,667
Hire purchase contracts 29,328 16,119
55,994 62,786

Lawrie Construction Ltd (Registered number: SC347073)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank Loan 46,666 66,667

The Royal Bank of Scotland floating charge over property

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 18,687 10,773

Deferred
tax
£   
Balance at 1 January 2023 10,773
Provided during year 7,914
Balance at 31 December 2023 18,687

10. RELATED PARTY DISCLOSURES

At the year end date, a balance of £9,256 (2022 - £10,150) is due to Lawrie Homes Limited, a company owned by the directors.