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REGISTERED NUMBER: 07514625 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Lawson West Solicitors Limited

Lawson West Solicitors Limited (Registered number: 07514625)

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 5


Lawson West Solicitors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A M Hunt
V N Jones
V Thakerar
R A Beswick





REGISTERED OFFICE: 4 Dominus Way
Meridian Business Park
Leicester
Leicestershire
LE19 1RP





REGISTERED NUMBER: 07514625 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lawson West Solicitors Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 Lawson West Solicitors Limited 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 Board of Directors of Lawson West Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lawson West Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of Lawson West Solicitors Limited, as a body, 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 Lawson West Solicitors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lawson West Solicitors Limited 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 profit of Lawson West Solicitors Limited. You consider that Lawson West Solicitors Limited 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 Lawson West Solicitors Limited. 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


11 November 2024

Lawson West Solicitors Limited (Registered number: 07514625)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 343,296 392,339
Tangible assets 5 92,960 127,963
436,256 520,302

CURRENT ASSETS
Debtors 6 878,020 1,066,235
Cash at bank and in hand 282,322 340,445
1,160,342 1,406,680
CREDITORS
Amounts falling due within one year 7 832,229 1,125,899
NET CURRENT ASSETS 328,113 280,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,369

801,083

CREDITORS
Amounts falling due after more than
one year

8

(104,167

)

(150,000

)

PROVISIONS FOR LIABILITIES (21,575 ) (29,576 )
NET ASSETS 638,627 621,507

CAPITAL AND RESERVES
Called up share capital 10 320,000 320,000
Retained earnings 318,627 301,507
SHAREHOLDERS' FUNDS 638,627 621,507

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 directors acknowledge their 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.

Lawson West Solicitors Limited (Registered number: 07514625)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





V N Jones - Director


Lawson West Solicitors Limited (Registered number: 07514625)

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


1. STATUTORY INFORMATION

Lawson West Solicitors Limited 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.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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 - over the term of the lease
Plant and machinery etc - 20% on cost and 15% on cost

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.


Lawson West Solicitors Limited (Registered number: 07514625)

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


2. ACCOUNTING POLICIES - continued
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.

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 65 (2023 - 69 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,110,850
AMORTISATION
At 1 April 2023 718,511
Charge for year 49,043
At 31 March 2024 767,554
NET BOOK VALUE
At 31 March 2024 343,296
At 31 March 2023 392,339

Lawson West Solicitors Limited (Registered number: 07514625)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 125,956 502,020 627,976
Additions - 3,956 3,956
At 31 March 2024 125,956 505,976 631,932
DEPRECIATION
At 1 April 2023 92,323 407,690 500,013
Charge for year 11,950 27,009 38,959
At 31 March 2024 104,273 434,699 538,972
NET BOOK VALUE
At 31 March 2024 21,683 71,277 92,960
At 31 March 2023 33,633 94,330 127,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 739,390 925,611
Other debtors 138,630 140,624
878,020 1,066,235

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 127,345 127,973
Trade creditors 19,648 28,153
Amounts owed to group undertakings 234,716 380,479
Taxation and social security 337,188 284,621
Other creditors 113,332 304,673
832,229 1,125,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 104,167 150,000

Lawson West Solicitors Limited (Registered number: 07514625)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 75,169 77,973

Bank loans are secured by a fixed and floating charge over the assets of the business.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
300,000 Ordinary A £1 300,000 300,000
20,000 Ordinary B £1 20,000 20,000
320,000 320,000

11. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £168,583 (2023 £259,583).