REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
FOR |
JOHN LAWSON DISTRIBUTORS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
FOR |
JOHN LAWSON DISTRIBUTORS LIMITED |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31ST OCTOBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JOHN LAWSON DISTRIBUTORS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31ST OCTOBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Statutory Auditors |
327 Clifton Drive South |
Lytham St Annes |
Lancashire |
FY8 1HN |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
BALANCE SHEET |
31ST OCTOBER 2024 |
31/10/24 | 31/10/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings | 13 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31ST OCTOBER 2024 |
1. | STATUTORY INFORMATION |
John Lawson Distributors Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. |
Turnover |
The turnover shown in the profit and loss account represents the value of all goods sold and services provided during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product and service have been transfered to the customer. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2005 was fully amortised in 2010. |
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years, commencing in November 2019. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST OCTOBER 2024 |
3. | 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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st November 2023 |
and 31st October 2024 |
AMORTISATION |
At 1st November 2023 |
Amortisation for year |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST OCTOBER 2024 |
6. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1st November 2023 |
Additions |
Disposals |
At 31st October 2024 |
DEPRECIATION |
At 1st November 2023 |
Charge for year |
Eliminated on disposal |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st November 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st October 2024 |
DEPRECIATION |
At 1st November 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST OCTOBER 2024 |
6. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
Additions |
At 31st October 2024 |
DEPRECIATION |
Charge for year |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/24 | 31/10/23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/24 | 31/10/23 |
£ | £ |
Hire purchase contracts (see note 10) |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 32,949 | 26,881 |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/10/24 | 31/10/23 |
£ | £ |
Hire purchase contracts (see note 10) |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST OCTOBER 2024 |
10. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31/10/24 | 31/10/23 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
31/10/24 | 31/10/23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/10/24 | 31/10/23 |
£ | £ |
Hire purchase contracts | 11,250 | - |
Amounts owing on hire purchase contracts are secured on the assets they relate to. |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/24 | 31/10/23 |
value: | £ | £ |
Ordinary | £1 | 5,355 | 5,355 |
13. | RESERVES |
Retained |
earnings |
£ |
At 1st November 2023 |
Profit for the year |
Dividends | ( |
) |
At 31st October 2024 |
JOHN LAWSON DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01508597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31ST OCTOBER 2024 |
14. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
15. | CONTINGENT LIABILITIES |
The Bank of Ireland holds a debenture dated 7th September 2008 over the assets of the company. |
16. | RELATED PARTY DISCLOSURES |
The company s |
A.E.F. Limited is a company under common control, at the balance sheet date £843 (2023: £nil) was owing by A.E.F. Limited to the company. |
A dividend of £100,000 (2023: £100,000) was paid in the year to Datajan Holdings Limited, the parent company. |
17. | CONTROLLING PARTY |
of Ireland, no 289478, registered office Century House Harold's Cross Dublin 6W. |