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REGISTERED NUMBER: 01508597 (England and Wales)









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: Mrs C MacNeaney
Mr F MacNeaney
Mr S Riches
Mr D MacNeaney



SECRETARY: Mrs C MacNeaney



REGISTERED OFFICE: Scotshaw Brook House
Lower Darwen
Darwen
Lancashire
BB3 0PR



REGISTERED NUMBER: 01508597 (England and Wales)



SENIOR STATUTORY AUDITOR: C L Higgins F.C.A.



AUDITORS: Whitehead & Howarth
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 18,000 21,600
Tangible assets 6 73,726 58,639
91,726 80,239

CURRENT ASSETS
Stocks 301,376 338,518
Debtors 7 313,506 346,425
Cash at bank and in hand 166,258 125,005
781,140 809,948
CREDITORS
Amounts falling due within one year 8 224,423 229,686
NET CURRENT ASSETS 556,717 580,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,443

660,501

CREDITORS
Amounts falling due after more than one
year

9

(6,250

)

-

PROVISIONS FOR LIABILITIES (648 ) (1,324 )
NET ASSETS 641,545 659,177

CAPITAL AND RESERVES
Called up share capital 12 5,355 5,355
Retained earnings 13 636,190 653,822
SHAREHOLDERS' FUNDS 641,545 659,177

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 3rd January 2025 and were signed on its behalf by:





Mr S Riches - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - at 20% on reducing balance and on cost
Motor vehicles - 25% on reducing balance
Computer equipment - at 20% on reducing balance and on cost

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 14 (2023 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 76,000
AMORTISATION
At 1st November 2023 54,400
Amortisation for year 3,600
At 31st October 2024 58,000
NET BOOK VALUE
At 31st October 2024 18,000
At 31st October 2023 21,600

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 11,244 1,549 8,347
Additions - - 443
Disposals - - -
At 31st October 2024 11,244 1,549 8,790
DEPRECIATION
At 1st November 2023 1,124 1,042 2,143
Charge for year 2,249 507 1,784
Eliminated on disposal - - -
At 31st October 2024 3,373 1,549 3,927
NET BOOK VALUE
At 31st October 2024 7,871 - 4,863
At 31st October 2023 10,120 507 6,204

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2023 90,026 8,008 119,174
Additions 38,264 2,556 41,263
Disposals (18,298 ) - (18,298 )
At 31st October 2024 109,992 10,564 142,139
DEPRECIATION
At 1st November 2023 53,018 3,208 60,535
Charge for year 16,038 1,437 22,015
Eliminated on disposal (14,137 ) - (14,137 )
At 31st October 2024 54,919 4,645 68,413
NET BOOK VALUE
At 31st October 2024 55,073 5,919 73,726
At 31st October 2023 37,008 4,800 58,639

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 25,590
At 31st October 2024 25,590
DEPRECIATION
Charge for year 5,331
At 31st October 2024 5,331
NET BOOK VALUE
At 31st October 2024 20,259

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 308,637 341,647
Amounts owed by group undertakings 843 -
Other debtors 300 300
Prepayments and accrued income 3,726 4,478
313,506 346,425

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts (see note 10) 5,000 -
Trade creditors 134,098 142,784
Tax 28,027 31,160
Social security and other taxes 7,405 6,942
VAT 32,949 26,881
Accruals and deferred income 16,944 21,919
224,423 229,686

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts (see note 10) 6,250 -

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 5,000 -
Between one and five years 6,250 -
11,250 -

Non-cancellable operating leases
31/10/24 31/10/23
£    £   
Within one year 24,000 24,000
Between one and five years 96,000 96,000
In more than five years 172,000 196,000
292,000 316,000

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: £    £   
5,355 Ordinary £1 5,355 5,355

13. RESERVES
Retained
earnings
£   

At 1st November 2023 653,822
Profit for the year 82,368
Dividends (100,000 )
At 31st October 2024 636,190

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.

C L Higgins F.C.A. (Senior Statutory Auditor)
for and on behalf of Whitehead & Howarth

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 sold goods of £2,295 (2023: £573) to A.E.F. Limited and purchased goods of £820 (2023: £3,778) to A.E.F. Limited during the yea r.

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

The company is a wholly owned subsidiary of Datajan Holdings Limited, a company registered in the Republic
of Ireland, no 289478, registered office Century House Harold's Cross Dublin 6W.