Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30No description of principal activity67true662023-10-01falsefalsefalse 02750764 2023-10-01 2024-09-30 02750764 2024-09-30 02750764 2022-10-01 2023-09-30 02750764 2023-09-30 02750764 2022-10-01 02750764 1 2023-10-01 2024-09-30 02750764 1 2022-10-01 2023-09-30 02750764 5 2023-10-01 2024-09-30 02750764 5 2022-10-01 2023-09-30 02750764 d:Director1 2023-10-01 2024-09-30 02750764 d:Director4 2023-10-01 2024-09-30 02750764 d:RegisteredOffice 2023-10-01 2024-09-30 02750764 e:Buildings 2023-10-01 2024-09-30 02750764 e:Buildings 2024-09-30 02750764 e:Buildings 2023-09-30 02750764 e:Buildings e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02750764 e:PlantMachinery 2023-10-01 2024-09-30 02750764 e:PlantMachinery 2024-09-30 02750764 e:PlantMachinery 2023-09-30 02750764 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02750764 e:FurnitureFittings 2023-10-01 2024-09-30 02750764 e:FurnitureFittings 2024-09-30 02750764 e:FurnitureFittings 2023-09-30 02750764 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02750764 e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02750764 e:LeaseholdInvestmentProperty 2024-09-30 02750764 e:LeaseholdInvestmentProperty 2023-09-30 02750764 e:CurrentFinancialInstruments 2024-09-30 02750764 e:CurrentFinancialInstruments 2023-09-30 02750764 e:Non-currentFinancialInstruments 2024-09-30 02750764 e:Non-currentFinancialInstruments 2023-09-30 02750764 e:Non-currentFinancialInstruments 1 2024-09-30 02750764 e:Non-currentFinancialInstruments 1 2023-09-30 02750764 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 02750764 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 02750764 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 02750764 e:Non-currentFinancialInstruments e:AfterOneYear 2023-09-30 02750764 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-09-30 02750764 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-09-30 02750764 e:ReportableOperatingSegment1 2023-10-01 2024-09-30 02750764 e:ReportableOperatingSegment1 2022-10-01 2023-09-30 02750764 e:ReportableOperatingSegment2 2023-10-01 2024-09-30 02750764 e:ReportableOperatingSegment2 2022-10-01 2023-09-30 02750764 e:ReportableOperatingSegment5 2023-10-01 2024-09-30 02750764 e:ReportableOperatingSegment5 2022-10-01 2023-09-30 02750764 e:UKTax 2023-10-01 2024-09-30 02750764 e:UKTax 2022-10-01 2023-09-30 02750764 e:ShareCapital 2024-09-30 02750764 e:ShareCapital 2023-09-30 02750764 e:CapitalRedemptionReserve 2023-10-01 2024-09-30 02750764 e:CapitalRedemptionReserve 2024-09-30 02750764 e:CapitalRedemptionReserve 2023-09-30 02750764 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 02750764 e:RetainedEarningsAccumulatedLosses 2024-09-30 02750764 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 02750764 e:RetainedEarningsAccumulatedLosses 2023-09-30 02750764 e:RetainedEarningsAccumulatedLosses 2022-10-01 02750764 d:OrdinaryShareClass1 2023-10-01 2024-09-30 02750764 d:OrdinaryShareClass1 2024-09-30 02750764 d:OrdinaryShareClass1 2023-09-30 02750764 d:PreferenceShareClass1 2023-10-01 2024-09-30 02750764 d:PreferenceShareClass1 2024-09-30 02750764 d:PreferenceShareClass1 2023-09-30 02750764 d:FRS102 2023-10-01 2024-09-30 02750764 d:Audited 2023-10-01 2024-09-30 02750764 d:FullAccounts 2023-10-01 2024-09-30 02750764 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02750764 e:HirePurchaseContracts e:WithinOneYear 2024-09-30 02750764 e:HirePurchaseContracts e:WithinOneYear 2023-09-30 02750764 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-09-30 02750764 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-09-30 02750764 2 2023-10-01 2024-09-30 02750764 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02750764 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 02750764 e:TaxLossesCarry-forwardsDeferredTax 2024-09-30 02750764 e:TaxLossesCarry-forwardsDeferredTax 2023-09-30 02750764 e:OtherDeferredTax 2024-09-30 02750764 e:OtherDeferredTax 2023-09-30 02750764 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-09-30 02750764 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-09-30 02750764 e:LeasedAssetsHeldAsLessee 2024-09-30 02750764 e:LeasedAssetsHeldAsLessee 2023-09-30 02750764 f:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 02750764























LAWSONS HAULAGE LIMITED





FINANCIAL STATEMENTS





 30 SEPTEMBER 2024
























img639b.png

 
LAWSONS HAULAGE LIMITED
 

COMPANY INFORMATION


Directors
Mr R J Lawson 
Miss P Lawson 




Registered number
02750764



Registered office
Gote Mill House
Gote Road

Cockermouth

Cumbria

CA13 0JQ




Independent auditors
Armstrong Watson Audit Limited
Chartered Accountants

James Watson House

Montgomery Way

Rosehill

Carlisle

Cumbria

CA1 2UU





 
LAWSONS HAULAGE LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditors' report
 
5 - 8
Statement of income and retained earnings
 
9
Statement of financial position
 
10
Notes to the financial statements
 
11 - 29


 
LAWSONS HAULAGE LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Introduction
 
The directors present their Strategic Report for Lawsons Haulage Limited for the period ended 30 September 2024. 

Business review
 
The company continued its principal activity of haulage and plant hire throughout the current year.

Principal risks and uncertainties
 
The company uses various financial instruments which include cash, trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.
Management continually monitor the key risks facing the company together with assessing the controls used for managing risks. The directors agree policies for managing the risks arising from the company's financial instruments. These are as follows:
Economic pressure – the company acknowledges the importance of maintaining close relationships with its key customers in order to be able to identify the early signs of potential financial difficulties. 
Competitor pressure – the market in which the company operates is considered to be highly competitive, and therefore competitor pressure could result in losing sales to key competitors. The company manages this risk by providing quality service and equipment and maintaining strong relationships with its key customers.
Loss of key personnel – this would present significant operational difficulties for the company. Management seek to ensure that key personnel are appropriately remunerated to ensure that good performance is recognised and also that we are flexible to personal needs where possible.
Financial Results
The Company has achieved strong results in the year to 30 September 2024 with a growth in turnover resulting from new contract terms with some customers, contract wins on new large insfrastructure projects and an increase in crane hire activities. The directors are hopeful that this will continue.

Financial key performance indicators

The directors use a range of financial performance measures to monitor and manage the business. The key performance indicators are set out below; 

2024
2023
        £
        £
Turnover

10,978,761

9,608,781
 
Gross Profit

2,323,590

846,399
 
Profit/(loss) on ordinary activities before taxation

2,436,182

234,796
 

Financial position at the reporting date
The statement of financial position shows that net assets at the period end have increased by £1,660k on the 2023 position to £8,471k. 

Page 1

 
LAWSONS HAULAGE LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024


This report was approved by the board and signed on its behalf.



................................................
Mr R J Lawson
Director

Date: 22 April 2025
Page 2

 
LAWSONS HAULAGE LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,824,058 (2023 - £320,198).

During the year dividends on ordinary shares of £163,800 (2023 - £14,582) were paid. 

Directors

The directors who served during the year were:

Mr R J Lawson 
Miss P Lawson 

Future developments

The directors are looking to continue to develop and expand the crane hire side of the business but do not expect any significant future developments.

Page 3

 
LAWSONS HAULAGE LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Each of the persons who are directors at the time when this Directors’ report is approved has confirmed that:
• so far as they are aware, there is no relevant audit information of which the company and the Group’s    auditors are unware, and
• the directors have taken all steps that ought to have been taken as a director in order to be aware of any   relevant audit information and to establish that the company and the Group’s auditors are aware of that    information.

Post balance sheet events

There have been no significant events affecting the company since the year end.

Auditors

The auditorsArmstrong Watson Audit Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
Mr R J Lawson
Director

Date: 22 April 2025

Page 4

 
LAWSONS HAULAGE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LAWSONS HAULAGE LIMITED
 

Opinion


We have audited the financial statements of Lawsons Haulage Limited (the 'company') for the year ended 30 September 2024, which comprise the Statement of income and retained earnings, the Statement of financial position and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted out audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the  financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 5

 
LAWSONS HAULAGE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LAWSONS HAULAGE LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
LAWSONS HAULAGE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LAWSONS HAULAGE LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
•  the engagement partner ensured that the engagement team collectively had the appropriate competence,            capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
•  we identified the laws and regulations applicable to the company through discussions with directors and    other management;
•  we assessed the extent of compliance with the laws and regulations identified above through making    enquiries of management; and
•  identified laws and regulations were communicated within the audit team regularly and the team     remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
•  making enquiries of management as to where they considered there was susceptibility to fraud, their    knowledge of actual, suspected and alleged fraud; and
•  considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and    regulations.
To address the risk of fraud through management bias and override of controls, we:
•  performed analytical procedures as a risk assessment tool to identify any unusual or unexpected     relationships; and
•  tested journal entries to identify unusual transactions; and
•  reviewed the application of accounting policies.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
•  agreeing financial statement disclosures to underlying supporting documentation; and
•  enquiring of management as to actual and potential litigation and claims; and 
•  reviewing documentation in respect of the operating license.




Page 7

 
LAWSONS HAULAGE LIMITED
 

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LAWSONS HAULAGE LIMITED (CONTINUED)


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





David Harper (Senior statutory auditor)
for and on behalf of
Armstrong Watson Audit Limited
Chartered Accountants
James Watson House
Montgomery Way
Rosehill
Carlisle
Cumbria
CA1 2UU

23 April 2025
Page 8

 
LAWSONS HAULAGE LIMITED
 

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Turnover
 4 
10,978,761
9,608,781

Cost of sales
  
(8,655,171)
(8,762,382)

Gross profit
  
2,323,590
846,399

Administrative expenses
  
59,575
(584,187)

Other operating income
 5 
68,838
35,514

Operating profit
 6 
2,452,003
297,726

Interest receivable and similar income
 10 
75,715
29,499

Interest payable and similar expenses
 11 
(91,536)
(92,429)

Profit before tax
  
2,436,182
234,796

Tax on profit
 12 
(612,124)
85,402

Profit after tax
  
1,824,058
320,198

  

  

Retained earnings at the beginning of the year
  
6,510,674
6,205,058

  
6,510,674
6,205,058

Profit for the year
  
1,824,058
320,198

Dividends declared and paid
  
(163,800)
(14,582)

Retained earnings at the end of the year
  
8,170,932
6,510,674
The notes on pages 11 to 29 form part of these financial statements.

Page 9

 
LAWSONS HAULAGE LIMITED
REGISTERED NUMBER: 02750764

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 14 
6,560,384
4,719,808

Investment property
 15 
88,297
88,297

  
6,648,681
4,808,105

Current assets
  

Stocks
 16 
75,548
71,401

Debtors: amounts falling due within one year
 17 
3,314,240
3,081,838

Cash at bank and in hand
 18 
2,903,895
2,517,777

  
6,293,683
5,671,016

Creditors: amounts falling due within one year
 19 
(1,772,956)
(2,179,132)

Net current assets
  
 
 
4,520,727
 
 
3,491,884

Total assets less current liabilities
  
11,169,408
8,299,989

Creditors: amounts falling due after more than one year
 20 
(1,164,123)
(567,086)

Provisions for liabilities
  

Deferred tax
 23 
(1,534,353)
(922,229)

  
 
 
(1,534,353)
 
 
(922,229)

Net assets
  
8,470,932
6,810,674


Capital and reserves
  

Called up share capital 
 24 
262,500
262,500

Capital redemption reserve
 25 
37,500
37,500

Profit and loss account
 25 
8,170,932
6,510,674

  
8,470,932
6,810,674


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr R J Lawson
................................................
Miss P Lawson
Director
Director


Date: 22 April 2025

The notes on pages 11 to 29 form part of these financial statements.

Page 10

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Lawsons Haulage Limited is a private company limited by shares, incorporated in England. Its registered office and principle address is Gote Mill House, Gote Road, Cockermouth CA13 0JQ.
These financial statements are presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of investment property and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
Lawsons Haulage Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its financial statements. Exemptions have been taken in relation to the presentation of a cash flow statement. Sametimetomorrow Limited is the parent of the group in whose consolidated financial statements the results of Lawsons Haulage Limited are included. The consolidated financial statements of Sametimetomorow Limited are publicly available. The registered office of Sametimetomorrow Limited is Gote Mill House, Gote Road, Cockermouth, Cumbria, United Kingdom, CA13 0JQ.

 
2.2

Going concern

At the balance sheet date, the company had £4,521k (2023: £3,492k) net current assets, £8,471k (2023: £6,811k) net assets following a profit of £1,824k (2023: £320k) in the period. The directors review management information and the cash position regularly to ensure that there is sufficient liquid assets to pay liabilities as they fall.
Based on this, the directors deem the going concern basis appropriate.

Page 11

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 12

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 13

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
4% straight line
Plant and machinery
-
10% straight line
Fixtures and fittings
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 14

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Page 15

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at
Page 16

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)

a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Investments in preference shares are measured at cost less impairment.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 17

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of these financial statements require management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. 
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
(a) Establishing useful economic lives for depreciation purposes of property, plant and equipment
Long-lived assets, consisting primarily of property, plant and equipment, comprise a significant portion of the total fixed assets. The annual depreciation charge depends primarily on the estimated useful economic lives of each type of asset and estimates of residual values. The directors regularly review these assets useful economic lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset useful lives can have a significant impact on depreciation charges for the period. Details of the depreciation policies based on estimated useful economic lives are included in accounting policies note 2.10.
(b) Providing for doubtful debts
The company makes an estimate of the recoverable value of trade and other debtors. The company uses estimates based on historical experience in determining the level of debts, which the company believes, will not be collected. These estimates include such factors as the credit rating of the debtor, the ageing profile of debtors and historical experience. Any significant change in the level of customers that default on payments or other significant improvements that resulted in a change in the level of bad debt provision would have an impact on the operating results. The level of provision required is reviewed on an on-going basis.


4.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Haulage
7,622,485
6,832,190

Plant hire
3,282,386
2,775,221

Other sales
73,890
1,370

10,978,761
9,608,781


All turnover arose within the United Kingdom.

Page 18

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Other operating income

2024
2023
£
£

Net rents receivable
68,838
35,514

68,838
35,514



6.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Other operating lease rentals
3,220
17,197

Depreciation
1,154,550
1,133,476

Defined contribution pension cost
79,074
113,285

Exchange differences
-
1,062

Fees payable to the company's auditor for the audit of the company's financial statements
16,000
15,000

Loss/(Profit) on disposal of tangible fixed assets
(845,658)
3,774


7.


Auditors' remuneration

During the year, the company obtained the following services from the company's auditors:


2024
2023
£
£

Fees payable to the company's auditors for the audit of the company's financial statements
16,000
15,000

Page 19

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
3,305,829
3,423,743

Social security costs
340,941
335,592

Cost of defined contribution scheme
79,074
113,285

3,725,844
3,872,620


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Distribution staff
54
53



Administrative staff
11
11



Directors
2
2

67
66


9.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
39,212
23,329

Company contributions to defined contribution pension schemes
836
25,289

40,048
48,618


During the year retirement benefits were accruing to 2 director (2023 - 1) in respect of defined contribution pension schemes.


10.


Interest receivable

2024
2023
£
£


Bank interest
63,287
21,288

Other interest income
12,428
8,211

75,715
29,499

Page 20

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Interest payable and similar expenses

2024
2023
£
£


Bank interest payable
81
4,523

Dividends on shares treated as debt
2,000
2,000

Finance leases and hire purchase contracts
89,455
85,906

91,536
92,429


12.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
-
103,867

Adjustments in respect of previous periods
-
(130,523)


-
(26,656)


Total current tax
-
(26,656)

Deferred tax


Origination and reversal of timing differences
612,124
(58,746)

Total deferred tax
612,124
(58,746)


Taxation on profit/(loss) on ordinary activities
612,124
(85,402)
Page 21

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
12.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - lower than) the standard rate of corporation tax in the UK of 25% (2023 - 19%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
2,436,182
234,796


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 19%)
609,046
51,655

Effects of:


Fixed asset timing differences
-
29,657

Tax effect of expenses that are not deductible in determining taxable profit
4,707
(6,229)

Tax effect of utilisation of tax losses not previously recognised
-
(22,969)

Adjustments in respect of prior years
(4,330)
(130,523)

Permanent capital allowances in excess of depreciation
-
(9,787)

Depreciation on assets not qualifying for tax allowances
2,701
2,794

Total tax charge for the year
612,124
(85,402)


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


13.


Dividends

2024
2023
£
£


Dividends - Ordinary shares
163,800
14,582


Dividends - Preference shares
2,000
2,000

165,800
16,582

Page 22

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14.


Tangible fixed assets





Freehold property improvem'ts
Plant, machinery and motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2023
359,577
14,079,612
70,518
14,509,707


Additions
210,992
2,882,925
-
3,093,917


Disposals
-
(1,854,860)
-
(1,854,860)



At 30 September 2024

570,569
15,107,677
70,518
15,748,764



Depreciation


At 1 October 2023
217,065
9,514,001
58,833
9,789,899


Charge for the year on owned assets
21,802
1,130,234
2,513
1,154,549


Disposals
-
(1,756,068)
-
(1,756,068)



At 30 September 2024

238,867
8,888,167
61,346
9,188,380



Net book value



At 30 September 2024
331,702
6,219,510
9,172
6,560,384



At 30 September 2023
142,512
4,565,611
11,685
4,719,808

Page 23

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           14.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant, machinery and motor vehicles
3,692,464
2,148,623

3,692,464
2,148,623


15.


Investment property


Investment property

£



Valuation


At 1 October 2023
88,297



At 30 September 2024
88,297

The 2024 valuations were made by the directors, on an open market value for existing use basis.



Page 24

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

16.


Stocks

2024
2023
£
£

Fuel, parts and other stock items
75,548
71,401

75,548
71,401



Page 25

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17.


Debtors

2024
2023
£
£


Trade debtors
2,137,241
1,804,761

Other debtors
894,932
869,196

Prepayments and accrued income
282,067
331,642

Corporation tax recoverable
-
76,239

3,314,240
3,081,838



18.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,903,895
2,517,777

2,903,895
2,517,777



19.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
504,754
672,008

Corporation tax
-
106,862

Other taxation and social security
290,428
255,250

Obligations under finance lease and hire purchase contracts
543,587
599,948

Other creditors
199,171
295,405

Accruals and deferred income
235,016
249,659

1,772,956
2,179,132


Disclosure of the terms and conditions attached to the non-equity shares is made in note 24.

Hire purchase agreements totalling £543,587 (2023 - £599,948) disclosed under creditors falling due within one year are secured by the company.

Page 26

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

20.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
64,000
64,000

Net obligations under finance leases and hire purchase contracts
1,000,123
403,086

Share capital treated as debt
100,000
100,000

1,164,123
567,086


Hire purchase agreements totalling £1,000,123 (2023 - £403,086) disclosed under creditors falling due after more than one year are secured by the company.


21.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
64,000
64,000





22.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
543,587
599,948

Between 1-5 years
1,000,123
403,086

1,543,710
1,003,034
Page 27

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

23.


Deferred taxation




2024
2023


£

£






At beginning of year
(922,229)
(980,975)


Charged to profit or loss
(612,124)
58,746



At end of year
(1,534,353)
(922,229)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,539,688)
(922,229)

Tax losses carried forward
3,543
-

Short term timing differences
1,792
-

(1,534,353)
(922,229)


24.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



262,500 (2023 - 262,500) Ordinary shares of £1.00 each
262,500
262,500

2024
2023
£
£
Shares classified as debt

Allotted, called up and fully paid



100,000 (2023 - 100,000) 2% Preference shares of £1.00 each
100,000
100,000



25.


Reserves

Capital redemption reserve

This reserve represents the capital value of own shares purchased by the company.

Profit and loss account

This reserve represents cumulative profits and losses.

Page 28

 
LAWSONS HAULAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

26.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £79,074 (2023 - £113,285). Contributions totalling £7,168 (2023 - £5,634) were payable to the fund at the statement of financial position date and are included in creditors.


27.


Directors' benefits: advances, credit and guarantees

During the year advances of £77,000 were made to Ms Lawson, a director, in respect of a loan. Repayments totalling £81,900 were made during the year. Interest of £3,125 has been charged. At the balance sheet date the loan was overdrawn by £135,182 (2023 - £136,957). The loan is unsecured and repayable on demand. Interest is charged at the official rate.
During the year advances of £103,648 were made to Mr Lawson, a director, in respect of a loan. Repayments totalling £81,900 were made during the year. Interest of £9,303 has been charged. At the balance sheet date the loan was overdrawn by £416,661 (2023 - £385,610). The loan is unsecured and repayable on demand. Interest is charged at the standard rate.


28.


Related party transactions

Included in other creditors is a loan of £64,000 (2023 - £64,000) from Lawsons Haulage Executive Trust, a Trust which is for the benefit of the directors of Lawsons Haulage Limited. Interest is payable quarterly at a rate of 3% above bank base rate. Interest charged during the year amounted to £- (2023 - £4,523). The total amount outstanding at the year end was £92,221 (2023 - £92,221).
Included within other debtors is £213,480 (2023 - £218,976) due from Lawson Properties (Cockermouth) Limited. Lawson Properties (Cockermouth) Limited and Lawsons Haulage Limited have common ownership and control.
At the year end the following amounts were outstanding in respect of loans with the directors: Mr R J Lawson £416,661 overdrawn (2023 - £385,610 overdrawn), Ms P Lawson £135,182 overdrawn (2023 - £136,957 overdrawn) and Mrs M E Lawson £96,819 owed to the director  (2023 - £112,104 owed to the directors). Interest is charged on overdrawn amounts at the government's standard rate.
The company is a wholly-owned subsidiary of Sametimetomorrow Limited and has taken advantage of
the exemptions included in Section 33 Related Party Transactions, not to disclose transactions with the parent undertaking.


29.


Controlling party

The company is a subsidiary undertaking of Sametimetomorrow Limited, a company registered and incorporated in England and Wales. Its registered office address is Gote Mill House, Gote Road, Cockermouth, England, CA13 0JQ.
Lawsons Haulage Limited is consolidated in Sametimetomorrow Limited. Copies of the Sametimetomorrow Limited financial statements are available from its registered office at Gote Mill House, Gote Road, Cockermouth, Cumbria, United Kingdom, CA13 0JQ.
There is no ultimate controlling party.


Page 29