Company registration number 03699446 (England and Wales)
Lawson Management Services Limited
Lawson Environmental Services
Annual report and unaudited financial statements
For the year ended 31 January 2024
Pages for filing with registrar
Lawson Management Services Limited
Lawson Environmental Services
Company information
Director
P A Lawrence
Secretary
Mrs G Z Lawrence
Company number
03699446
Registered office
125 John Wilson Business Park
Chestfield
Whitstable
Kent
CT5 3QT
Accountants
Lilley & Co.
125 John Wilson Business Park
Chestfield
Whitstable
Kent
CT5 3QT
Business address
Unit 4 Coopers Court
Ropersole Farm
Barham
Canterbury
Kent
CT4 6SA
Lawson Management Services Limited
Lawson Environmental Services
Contents
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 6
Lawson Management Services Limited
Lawson Environmental Services
Director's report
For the year ended 31 January 2024
- 1 -

The director presents his annual report and financial statements for the year ended 31 January 2024.

Principal activities

The principal activity of the company continued to be that of installation and maintenance of heating, ventilation and air conditioning systems.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

P A Lawrence
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P A Lawrence
Director
10 September 2024
Lawson Management Services Limited
Lawson Environmental Services
Balance sheet
As at 31 January 2024
31 January 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
834
9,525
Current assets
Stocks
750
750
Debtors
4
77,691
48,575
Cash at bank and in hand
107,144
82,352
185,585
131,677
Creditors: amounts falling due within one year
5
(161,354)
(76,377)
Net current assets
24,231
55,300
Total assets less current liabilities
25,065
64,825
Creditors: amounts falling due after more than one year
6
(13,333)
(23,333)
Provisions for liabilities
7
(209)
(1,810)
Net assets
11,523
39,682
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
11,521
39,680
Shareholders' funds
11,523
39,682

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 10 September 2024
P A Lawrence
Director
Company Registration No. 03699446
Lawson Management Services Limited
Lawson Environmental Services
Notes to the financial statements
For the year ended 31 January 2024
- 3 -
1
Accounting policies
Company information

Lawson Management Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 125 John Wilson Business Park, Chestfield, Whitstable, Kent, CT5 3QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line basis
Motor vehicles
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

Deferred tax is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Lawson Management Services Limited
Lawson Environmental Services
Notes to the financial statements (continued)
For the year ended 31 January 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
5
3
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 February 2023 and 31 January 2024
12,874
61,580
74,454
Depreciation and impairment
At 1 February 2023
11,623
53,306
64,929
Depreciation charged in the year
417
8,274
8,691
At 31 January 2024
12,040
61,580
73,620
Carrying amount
At 31 January 2024
834
-
0
834
At 31 January 2023
1,251
8,274
9,525
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
69,410
35,207
Other debtors
683
7,227
Prepayments and accrued income
7,598
6,141
77,691
48,575
Lawson Management Services Limited
Lawson Environmental Services
Notes to the financial statements (continued)
For the year ended 31 January 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases
-
0
6,146
Trade creditors
62,725
20,043
Corporation tax
17,687
13,113
Other taxation and social security
8,809
1,560
Director's loan account
57,537
17,305
Accruals and deferred income
4,596
8,210
161,354
76,377

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,333
23,333

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
209
1,810
2024
Movements in the year:
£
Liability at 1 February 2023
1,810
Credit to profit or loss
(1,601)
Liability at 31 January 2024
209
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
Lawson Management Services Limited
Lawson Environmental Services
Notes to the financial statements (continued)
For the year ended 31 January 2024
8
Called up share capital
(Continued)
- 6 -
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
16,000
16,000
10
Directors' transactions

Dividends totalling £38,850 (2023 - £25,850) were paid in the year in respect of shares held by the company's directors.

The director's loan account was not overdrawn during the year.    

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