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REGISTERED NUMBER: SC224675 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Colin Lawson (Builders) Ltd.

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Colin Lawson (Builders) Ltd.

Company Information
for the year ended 31st March 2024







Directors: M Lawson
C Lawson
C Lawson





Secretary: C Lawson





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC224675 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Colin Lawson (Builders) Ltd.


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 Colin Lawson (Builders) Ltd. for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Colin Lawson (Builders) Ltd., 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 Colin Lawson (Builders) Ltd. and state those matters that we have agreed to state to the Board of Directors of Colin Lawson (Builders) Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colin Lawson (Builders) 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 profit of Colin Lawson (Builders) Ltd.. You consider that Colin Lawson (Builders) 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 Colin Lawson (Builders) 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


20th December 2024

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 323,587 330,553

Current assets
Stocks 637,199 569,582
Debtors 5 140,785 186,610
Cash at bank and in hand 60,869 79,284
838,853 835,476
Creditors
Amounts falling due within one year 6 149,068 169,177
Net current assets 689,785 666,299
Total assets less current liabilities 1,013,372 996,852

Provisions for liabilities 26,982 28,651
Net assets 986,390 968,201

Capital and reserves
Called up share capital 100 100
Retained earnings 986,290 968,101
986,390 968,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Balance Sheet - continued
31st 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 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 20th December 2024 and were signed on its behalf by:





C Lawson - Director


Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements
for the year ended 31st March 2024


1. Statutory information

Colin Lawson (Builders) 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.

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.
Freehold property - 2% on cost
Plant and machinery - 40% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements - continued
for the year ended 31st 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.

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 22 (2023 - 22 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1st April 2023 310,572 137,744 6,913 286,330 741,559
Additions - - 1,815 33,000 34,815
Disposals - (12,291 ) - - (12,291 )
At 31st March 2024 310,572 125,453 8,728 319,330 764,083
Depreciation
At 1st April 2023 94,621 117,930 1,741 196,714 411,006
Charge for year 6,211 2,814 1,048 30,654 40,727
Eliminated on disposal - (11,237 ) - - (11,237 )
At 31st March 2024 100,832 109,507 2,789 227,368 440,496
Net book value
At 31st March 2024 209,740 15,946 5,939 91,962 323,587
At 31st March 2023 215,951 19,814 5,172 89,616 330,553

Colin Lawson (Builders) Ltd. (Registered number: SC224675)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 98,821 95,165
Other debtors 41,964 91,445
140,785 186,610

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 68,908 91,709
Taxation and social security 44,369 56,316
Other creditors 35,791 21,152
149,068 169,177

7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
M Lawson
Balance outstanding at start of year 40,705 37,205
Amounts advanced 28,000 45,000
Amounts repaid (33,000 ) (41,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,705 40,705

C Lawson and C Lawson
Balance outstanding at start of year 18,182 -
Amounts advanced 2,262 122,387
Amounts repaid (50,000 ) (104,205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29,556 ) 18,182