Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC311027 Mrs Dawn Lawson Mr Mark Lawson Mrs Dawn Lawson Mrs Dawn Lawson false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC311027 2023-03-31 SC311027 2024-03-31 SC311027 2023-04-01 2024-03-31 SC311027 frs-core:CurrentFinancialInstruments 2024-03-31 SC311027 frs-core:Non-currentFinancialInstruments 2024-03-31 SC311027 frs-core:FurnitureFittings 2024-03-31 SC311027 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC311027 frs-core:FurnitureFittings 2023-03-31 SC311027 frs-core:NetGoodwill 2024-03-31 SC311027 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC311027 frs-core:NetGoodwill 2023-03-31 SC311027 frs-core:PlantMachinery 2024-03-31 SC311027 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC311027 frs-core:PlantMachinery 2023-03-31 SC311027 frs-core:ShareCapital 2024-03-31 SC311027 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC311027 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC311027 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC311027 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC311027 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC311027 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC311027 1 2023-04-01 2024-03-31 SC311027 frs-bus:Director1 2023-04-01 2024-03-31 SC311027 frs-bus:Director2 2023-04-01 2024-03-31 SC311027 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC311027 frs-countries:Scotland 2023-04-01 2024-03-31 SC311027 2022-03-31 SC311027 2023-03-31 SC311027 2022-04-01 2023-03-31 SC311027 frs-core:CurrentFinancialInstruments 2023-03-31 SC311027 frs-core:Non-currentFinancialInstruments 2023-03-31 SC311027 frs-core:ShareCapital 2023-03-31 SC311027 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC311027
Lawson Hardwick Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC311027
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,500 12,500
Tangible Assets 5 3,355 5,595
12,855 18,095
CURRENT ASSETS
Debtors 6 63,068 83,253
Cash at bank and in hand 72,633 93,360
135,701 176,613
Creditors: Amounts Falling Due Within One Year 7 (117,572 ) (140,996 )
NET CURRENT ASSETS (LIABILITIES) 18,129 35,617
TOTAL ASSETS LESS CURRENT LIABILITIES 30,984 53,712
Creditors: Amounts Falling Due After More Than One Year 8 (12,434 ) (22,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (638 ) (1,064 )
NET ASSETS 17,912 30,259
CAPITAL AND RESERVES
Called up share capital 9 100 2
Profit and Loss Account 17,812 30,257
SHAREHOLDERS' FUNDS 17,912 30,259
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Dawn Lawson
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Lawson Hardwick Limited is a private company, limited by shares, incorporated in Scotland, registered number SC311027 . The registered office is 34 New Hunterfield, Gorebridge, Midlothian, EH23 4BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% straight line
Fixtures & Fittings 10% straight line
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 47,500
Provided during the period 3,000
As at 31 March 2024 50,500
Net Book Value
As at 31 March 2024 9,500
As at 1 April 2023 12,500
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 12,815 8,647 21,462
Additions 541 - 541
As at 31 March 2024 13,356 8,647 22,003
Depreciation
As at 1 April 2023 8,082 7,785 15,867
Provided during the period 1,916 865 2,781
As at 31 March 2024 9,998 8,650 18,648
Net Book Value
As at 31 March 2024 3,358 (3 ) 3,355
As at 1 April 2023 4,733 862 5,595
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,068 83,253
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,079 42,847
Bank loans and overdrafts 10,000 10,000
Other creditors 34,019 35,048
Taxation and social security 44,474 53,101
117,572 140,996
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,434 22,389
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 2
10. Related Party Transactions
The Royal Bank of Scotland PLC holds a floating charge over all the property or undertaking of the company.
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
11. Controlling Party
The company's controlling party is Mrs Dawn Lawson by virtue of her ownership of 84% of the issued share capital in the company.
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