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REGISTERED NUMBER: 08949453 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

T W Laming & Son Ltd

T W Laming & Son Ltd (Registered number: 08949453)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


T W Laming & Son Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Michael Laming





SECRETARY: Mrs M Laming





REGISTERED OFFICE: C/o Wright Vigar Limited
Britannia House
Marshall's yard
Gainsborough
Lincolnshire
DN21 2NA





REGISTERED NUMBER: 08949453 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
T W Laming & Son 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 T W Laming & Son Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of T W Laming & Son Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T W Laming & Son Ltd and state those matters that we have agreed to state to the director of T W Laming & Son Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T W Laming & Son Ltd and its director for our work or for this report.

It is your duty to ensure that T W Laming & Son 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 loss of T W Laming & Son Ltd. You consider that T W Laming & Son 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 T W Laming & Son 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

T W Laming & Son Ltd (Registered number: 08949453)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,247 1,247
Tangible assets 5 219,002 213,935
220,249 215,182

CURRENT ASSETS
Stocks 256,098 385,831
Debtors 6 71,635 121,599
Cash at bank and in hand 500 42,511
328,233 549,941
CREDITORS
Amounts falling due within one year 7 62,494 246,898
NET CURRENT ASSETS 265,739 303,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,988

518,225

CREDITORS
Amounts falling due after more than one
year

8

(110,087

)

(95,229

)

PROVISIONS FOR LIABILITIES (29,016 ) (27,765 )
NET ASSETS 346,885 395,231

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 346,883 395,229
SHAREHOLDERS' FUNDS 346,885 395,231

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 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.

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 November 2024 and were signed by:



Michael Laming - Director


T W Laming & Son Ltd (Registered number: 08949453)

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

1. STATUTORY INFORMATION

T W Laming & Son Ltd is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets - entitlements
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are not being amortised as they are deemed to hold their value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Computer equipment - 25% on cost

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 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.

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 2 (2023 - 2 ) .

T W Laming & Son Ltd (Registered number: 08949453)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,247
NET BOOK VALUE
At 31 March 2024 1,247
At 31 March 2023 1,247

5. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
Buildings property machinery
£    £    £   
COST
At 1 April 2023 28,000 48,031 238,836
Additions - - 5,646
Disposals - - -
At 31 March 2024 28,000 48,031 244,482
DEPRECIATION
At 1 April 2023 1,168 7,058 146,429
Charge for year 560 961 18,756
Eliminated on disposal - - -
At 31 March 2024 1,728 8,019 165,185
NET BOOK VALUE
At 31 March 2024 26,272 40,012 79,297
At 31 March 2023 26,832 40,973 92,407

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 145,431 2,393 462,691
Additions 42,280 - 47,926
Disposals (23,969 ) - (23,969 )
At 31 March 2024 163,742 2,393 486,648
DEPRECIATION
At 1 April 2023 93,031 1,070 248,756
Charge for year 18,685 417 39,379
Eliminated on disposal (20,489 ) - (20,489 )
At 31 March 2024 91,227 1,487 267,646
NET BOOK VALUE
At 31 March 2024 72,515 906 219,002
At 31 March 2023 52,400 1,323 213,935

T W Laming & Son Ltd (Registered number: 08949453)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,927 88,480
Other debtors 28,708 33,119
71,635 121,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,583 -
Hire purchase contracts - 14,422
Trade creditors 20,467 74,344
Amounts owed to participating interests - 45,985
Taxation and social security - 41,947
Other creditors 37,444 70,200
62,494 246,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 110,087 95,229

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 14,422

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2