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REGISTERED NUMBER: SC690140 (Scotland)





















Unaudited Financial Statements

For The Year Ended 28 February 2024

for

S. Lawrie Contracts Ltd

S. Lawrie Contracts Ltd (Registered number: SC690140)






Contents of the Financial Statements
For The Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

S. Lawrie Contracts Ltd

Company Information
For The Year Ended 28 February 2024







DIRECTOR: S Lawrie





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





REGISTERED NUMBER: SC690140 (Scotland)





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

S. Lawrie Contracts Ltd (Registered number: SC690140)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,372 62,968

CURRENT ASSETS
Debtors 5 62,766 74,216
Cash at bank 225,175 37,928
287,941 112,144
CREDITORS
Amounts falling due within one year 6 97,613 78,275
NET CURRENT ASSETS 190,328 33,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,700

96,837

CREDITORS
Amounts falling due after more than one
year

7

(35,968

)

(9,992

)

PROVISIONS FOR LIABILITIES 8 (11,429 ) -
NET ASSETS 223,303 86,845

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 223,302 86,844
223,303 86,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S. Lawrie Contracts Ltd (Registered number: SC690140)

Balance Sheet - continued
28 February 2024


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 director and authorised for issue on 12 September 2024 and were signed by:





S Lawrie - Director


S. Lawrie Contracts Ltd (Registered number: SC690140)

Notes to the Financial Statements
For The Year Ended 28 February 2024

1. STATUTORY INFORMATION

S. Lawrie Contracts 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 - 25% on reducing balance
Motor vehicles - 20% on cost and 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

S. Lawrie Contracts Ltd (Registered number: SC690140)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 83,958 - 83,958
Additions 7,452 37,726 45,178
Disposals (6,493 ) - (6,493 )
At 28 February 2024 84,917 37,726 122,643
DEPRECIATION
At 1 March 2023 20,990 - 20,990
Charge for year 15,981 6,923 22,904
Eliminated on disposal (1,623 ) - (1,623 )
At 28 February 2024 35,348 6,923 42,271
NET BOOK VALUE
At 28 February 2024 49,569 30,803 80,372
At 28 February 2023 62,968 - 62,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 33,588 32,922
Other debtors 29,178 41,294
62,766 74,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,892 -
Hire purchase contracts and finance leases 16,943 -
Trade creditors 5,055 -
Taxation and social security 68,267 11,867
Other creditors 4,456 66,408
97,613 78,275

S. Lawrie Contracts Ltd (Registered number: SC690140)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 4,485 9,992
Hire purchase contracts and finance leases 31,483 -
35,968 9,992

8. PROVISIONS FOR LIABILITIES
28.2.24 28.2.23
£    £   
Deferred tax 11,429 -

Deferred
tax
£   
Charge to Income Statement during year 11,429
Balance at 28 February 2024 11,429

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
S. Lawrie Contracts Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S. Lawrie Contracts Ltd for the year ended 28 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of S. Lawrie Contracts Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S. Lawrie Contracts Ltd and state those matters that we have agreed to state to the director of S. Lawrie Contracts Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that S. Lawrie Contracts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S. Lawrie Contracts Ltd. You consider that S. Lawrie Contracts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S. Lawrie Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


12 September 2024