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REGISTERED NUMBER: 10573564 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LAWTON BRADFORD ACCOUNTANTS LIMITED

LAWTON BRADFORD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 10573564)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


LAWTON BRADFORD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 10573564)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,125 13,906

CURRENT ASSETS
Debtors 5 89,885 100,973
Cash at bank and in hand 20,449 29,605
110,334 130,578
CREDITORS
Amounts falling due within one year 6 55,946 82,192
NET CURRENT ASSETS 54,388 48,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,513

62,292

CREDITORS
Amounts falling due after more than one year 7 (8,909 ) (13,819 )

PROVISIONS FOR LIABILITIES (2,642 ) (2,642 )
NET ASSETS 53,962 45,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,862 45,731
SHAREHOLDERS' FUNDS 53,962 45,831

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

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

LAWTON BRADFORD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 10573564)

Balance Sheet - continued
31 May 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 26 February 2025 and were signed on its behalf by:




Mr M W Bradford - Director



Mrs A E Lawton - Director


LAWTON BRADFORD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 10573564)

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

1. STATUTORY INFORMATION

Lawton Bradford Accountants Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10573564 and the registered office address is 7 Marconi Gate, Staffordshire Technology Park, Stafford. ST18 0FZ.
The principal activity during the year was that of Chartered Certified Accountants and Auditors.

The presentation of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation and provisions are its critical accounting policies.

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 is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

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 - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.


LAWTON BRADFORD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 10573564)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 27,287 11,359 38,646
DEPRECIATION
At 1 June 2023 18,406 6,334 24,740
Charge for year 1,776 1,005 2,781
At 31 May 2024 20,182 7,339 27,521
NET BOOK VALUE
At 31 May 2024 7,105 4,020 11,125
At 31 May 2023 8,881 5,025 13,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 56,929 91,452
Amounts recoverable on contract 2,200 2,200
Other debtors 30,756 7,321
89,885 100,973

LAWTON BRADFORD ACCOUNTANTS LIMITED (REGISTERED NUMBER: 10573564)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,900 3,900
Trade creditors 49 -
Taxation and social security 16,130 37,707
Other creditors 35,867 40,585
55,946 82,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 8,909 13,819