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REGISTERED NUMBER: SC619901 (Scotland)





















Unaudited Financial Statements

For The Year Ended 27 February 2024

for

Graeme Lawson Ltd

Graeme Lawson Ltd (Registered number: SC619901)






Contents of the Financial Statements
For The Year Ended 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Graeme Lawson Ltd

Company Information
For The Year Ended 27 February 2024







DIRECTOR: G Lawson





SECRETARY: G Lawson





REGISTERED OFFICE: 2/1 1 Milliken Road
Kilbarchan
Johnstone
Renfrewshire
PA10 2AQ





REGISTERED NUMBER: SC619901 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Graeme Lawson Ltd (Registered number: SC619901)

Balance Sheet
27 February 2024

27.2.24 27.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 2,816 3,628
Cash at bank 38 2,382
2,854 6,010
CREDITORS
Amounts falling due within one year 5 3,215 2,710
NET CURRENT (LIABILITIES)/ASSETS (361 ) 3,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

(361

)

3,300

CREDITORS
Amounts falling due after more than one
year

6

2,741

5,092
NET LIABILITIES (3,102 ) (1,792 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,202 ) (1,892 )
SHAREHOLDERS' FUNDS (3,102 ) (1,792 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Graeme Lawson Ltd (Registered number: SC619901)

Balance Sheet - continued
27 February 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 director and authorised for issue on 27 November 2024 and were signed by:





G Lawson - Director


Graeme Lawson Ltd (Registered number: SC619901)

Notes to the Financial Statements
For The Year Ended 27 February 2024

1. STATUTORY INFORMATION

Graeme Lawson Ltd 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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Other debtors 2,816 3,628

Graeme Lawson Ltd (Registered number: SC619901)

Notes to the Financial Statements - continued
For The Year Ended 27 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans and overdrafts 2,405 2,350
Other creditors 810 360
3,215 2,710

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.2.24 27.2.23
£    £   
Bank loans 2,741 5,092