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REGISTERED NUMBER: 04092253 (England and Wales)















Lawson Cars Limited

Unaudited Financial Statements for the Year Ended 30th November 2024






Lawson Cars Limited (Registered number: 04092253)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lawson Cars Limited

Company Information
for the Year Ended 30th November 2024







DIRECTOR: R W Hudson





SECRETARY: R W Hudson





REGISTERED OFFICE: South Bank Road
Middlesbrough
CLEVELAND
TS3 8AB





REGISTERED NUMBER: 04092253 (England and Wales)





ACCOUNTANTS: Draycott & Kirk LLP
Chartered Accountants
Cleveland House
92 Westgate
Guisborough
Cleveland
TS14 6AP

Lawson Cars Limited (Registered number: 04092253)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,839 74,125

CURRENT ASSETS
Stocks 798,771 791,344
Debtors 5 39,024 147,656
Cash at bank and in hand 98,356 198,623
936,151 1,137,623
CREDITORS
Amounts falling due within one year 6 928,121 1,054,431
NET CURRENT ASSETS 8,030 83,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,869

157,317

CREDITORS
Amounts falling due after more than one
year

7

-

(86,917

)

PROVISIONS FOR LIABILITIES (14,000 ) (18,531 )
NET ASSETS 51,869 51,869

CAPITAL AND RESERVES
Called up share capital 5,001 5,001
Share premium 46,868 46,868
SHAREHOLDERS' FUNDS 51,869 51,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8th April 2025 and were signed by:





R W Hudson - Director


Lawson Cars Limited (Registered number: 04092253)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Lawson Cars 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. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 15% on reducing balance

No deprecation is provided on the freehold property as the asset is maintained and has not fallen in value.

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.

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 12 (2023 - 10 ) .

Lawson Cars Limited (Registered number: 04092253)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 153,773
Additions 1,952
Disposals (12,142 )
At 30th November 2024 143,583
DEPRECIATION
At 1st December 2023 79,648
Charge for year 11,109
Eliminated on disposal (5,013 )
At 30th November 2024 85,744
NET BOOK VALUE
At 30th November 2024 57,839
At 30th November 2023 74,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,096 129,358
Other debtors 11,928 18,298
39,024 147,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,000
Trade creditors 100,367 239,255
Taxation and social security 38,023 77,016
Other creditors 789,731 729,160
928,121 1,054,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 86,917

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 50,917

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 95,917

The loan is secured on property in parent company Greenhow Holdings Ltd.

Lawson Cars Limited (Registered number: 04092253)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R W Hudson.

10. THE ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Greenhow Holdings Limited, a company registered in England and Wales, which holds 100% of the shares.