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Lawrence Furnishings Limited

Registered Number
07382124
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Lawrence Furnishings Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Mark Stephen Lawrence
Valerie Ellen Newman

Company Secretary

Valerie Ellen Newman

Registered Address

8d Boundary Road
Brackley
NN13 7ES

Registered Number

07382124 (England and Wales)
Lawrence Furnishings Limited
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3120,985120,985
Tangible assets4154,303159,783
275,288280,768
Current assets
Stocks5-2,655
Debtors61,58566,372
Cash at bank and on hand271,379222,985
332,964292,012
Creditors amounts falling due within one year6(123,686)(105,103)
Net current assets (liabilities)209,278186,909
Total assets less current liabilities484,566467,677
Creditors amounts falling due after one year7(6,446)(16,777)
Net assets478,120450,900
Capital and reserves
Called up share capital100100
Profit and loss account478,020450,800
Shareholders' funds478,120450,900
The financial statements were approved and authorised for issue by the Board of Directors on 22 January 2025, and are signed on its behalf by:
Mark Stephen Lawrence
Director
Valerie Ellen Newman
Director

Registered Company No. 07382124
Lawrence Furnishings Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets are stated at cost or valuation less depreciation. No ammortisation is provided as the market value exceeds the intangible asset amount.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year46
3.Intangible assets
The Intangible Asset value represents the value of the business on acquisition

Other

Total

££
Cost or valuation
At 01 October 23120,985120,985
At 30 September 24120,985120,985
Net book value
At 30 September 24120,985120,985
At 30 September 23120,985120,985
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 October 23140,00015,04727,39720,937203,381
At 30 September 24140,00015,04727,39720,937203,381
Depreciation and impairment
At 01 October 23-15,0477,61420,93743,598
Charge for year--5,480-5,480
At 30 September 24-15,04713,09420,93749,078
Net book value
At 30 September 24140,000-14,303-154,303
At 30 September 23140,000-19,783-159,783
5.Stocks

2024

2023

££
Other stocks-2,655
Total-2,655
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,2397,303
Bank borrowings and overdrafts10,64810,648
Taxation and social security61,06754,115
Other creditors40,28128,586
Accrued liabilities and deferred income4,4514,451
Total123,686105,103
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,44616,777
Total6,44616,777