Company Registration No. 08090348 (England and Wales)
LAWRENCE CONTRACTORS LTD
Unaudited accounts
for the year ended 31 March 2024
LAWRENCE CONTRACTORS LTD
Unaudited accounts
Contents
LAWRENCE CONTRACTORS LTD
Company Information
for the year ended 31 March 2024
Directors
Daniel Lawrence
Zoe Anne Lawrence
Company Number
08090348 (England and Wales)
Registered Office
15-17 Middle Street
Brighton
East Sussex
BN1 1AL
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
LAWRENCE CONTRACTORS LTD
Statement of financial position
as at 31 March 2024
Creditors: amounts falling due within one year
(11,019)
(10,456)
Net current liabilities
(8,289)
(6,922)
Total assets less current liabilities
(7,512)
(6,315)
Creditors: amounts falling due after more than one year
(3,667)
(5,667)
Net liabilities
(11,179)
(11,982)
Called up share capital
100
100
Profit and loss account
(11,279)
(12,082)
Shareholders' funds
(11,179)
(11,982)
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 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 3 October 2024 and were signed on its behalf by
Daniel Lawrence
Director
Company Registration No. 08090348
LAWRENCE CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 March 2024
LAWRENCE CONTRACTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 08090348. The registered office is 15-17 Middle Street, Brighton, East Sussex, BN1 1AL.
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.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Despite a challenging economic climate, the company retains the support of its directors. It therefore continues to adopt the going concern basis of accounting.
Tangible fixed assets and depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual
value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% per annum straight line
Computer equipment
33.3% per annum straight line
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
LAWRENCE CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
2,730
15
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,351
7,164
Taxes and social security
(231)
167
Loans from directors
351
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market conditions: A balance of £351 is owed to the directors at the year end. No interest is being charged by the directors.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).