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REGISTERED NUMBER: SC439557 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lawrence Logistics Limited

Lawrence Logistics Limited (Registered number: SC439557)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lawrence Logistics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs G Lawrence





REGISTERED OFFICE: Hilltop House
Netherbackhill
Ardallie
Peterhead
Aberdeenshire
AB42 5BQ





REGISTERED NUMBER: SC439557 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Lawrence Logistics Limited (Registered number: SC439557)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,954 22,803

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 6,794 3,474
Cash at bank and in hand 7,955 8,436
16,249 13,410
CREDITORS
Amounts falling due within one year 6 20,432 14,885
NET CURRENT LIABILITIES (4,183 ) (1,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,771

21,328

PROVISIONS FOR LIABILITIES 1,683 -
NET ASSETS 28,088 21,328

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,988 21,228
28,088 21,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lawrence Logistics Limited (Registered number: SC439557)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mrs G Lawrence - Director


Lawrence Logistics Limited (Registered number: SC439557)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lawrence Logistics Limited 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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Lawrence Logistics Limited (Registered number: SC439557)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 39,307 13,184 8,500 1,807 62,798
Additions 24,072 - - - 24,072
Disposals (6,057 ) - - - (6,057 )
At 31 March 2024 57,322 13,184 8,500 1,807 80,813
DEPRECIATION
At 1 April 2023 26,781 9,644 2,125 1,445 39,995
Charge for year 6,539 708 1,594 178 9,019
Eliminated on disposal (2,155 ) - - - (2,155 )
At 31 March 2024 31,165 10,352 3,719 1,623 46,859
NET BOOK VALUE
At 31 March 2024 26,157 2,832 4,781 184 33,954
At 31 March 2023 12,526 3,540 6,375 362 22,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 6,794 3,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,344 1,491
Taxation and social security - 2,076
Other creditors 19,088 11,318
20,432 14,885

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs G Lawrence.