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REGISTERED NUMBER: 02724178 (Wales)















LAWRAY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






LAWRAY LTD (REGISTERED NUMBER: 02724178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAWRAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr M W Robinson
Mr C J Evans
Mr A H Miller
Mr N M G Marsh
Ms C Tomkewycz





REGISTERED OFFICE: Southgate House
Wood Street
Cardiff
CF10 1EW





REGISTERED NUMBER: 02724178 (Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

LAWRAY LTD (REGISTERED NUMBER: 02724178)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,015 57,704

CURRENT ASSETS
Debtors 5 1,696,621 1,347,937
Cash at bank and in hand 201,356 385,444
1,897,977 1,733,381
CREDITORS
Amounts falling due within one year 6 673,050 585,801
NET CURRENT ASSETS 1,224,927 1,147,580
TOTAL ASSETS LESS CURRENT LIABILITIES 1,252,942 1,205,284

CREDITORS
Amounts falling due after more than one year 7 (23,356 ) (43,334 )

PROVISIONS FOR LIABILITIES (6,771 ) (11,027 )
NET ASSETS 1,222,815 1,150,923

CAPITAL AND RESERVES
Called up share capital 1,400 1,400
Retained earnings 1,221,415 1,149,523
1,222,815 1,150,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2024 and were signed on its behalf by:





Ms C Tomkewycz - Director


LAWRAY LTD (REGISTERED NUMBER: 02724178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Lawray Ltd is a private company, limited by shares , registered in 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 41 (2023 - 42 ) .

LAWRAY LTD (REGISTERED NUMBER: 02724178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st May 2023 231,720
Additions 9,579
Disposals (47,242 )
At 30th April 2024 194,057
DEPRECIATION
At 1st May 2023 174,016
Charge for year 39,178
Eliminated on disposal (47,152 )
At 30th April 2024 166,042
NET BOOK VALUE
At 30th April 2024 28,015
At 30th April 2023 57,704

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 758,905 684,952
Other debtors 69,460 94,745
828,365 779,697

Amounts falling due after more than one year:
Amounts owed by group undertakings 868,256 568,240

Aggregate amounts 1,696,621 1,347,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,019 20,000
Trade creditors 207,151 162,332
Taxation and social security 234,942 231,351
Other creditors 210,938 172,118
673,050 585,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 23,356 43,334

LAWRAY LTD (REGISTERED NUMBER: 02724178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 34,915 26,575
Between one and five years 182,020 300,390
216,935 326,965

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £868,255 (2023 - £568,239) by its parent company, Lawray Holdings Limited.