Company registration number 08727747 (England and Wales)
LAWRENCE WARREN FOOTWEAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
The Granary
Hones Yard
1 Waverley Lane
Farnham
Surrey
GU9 8BB
LAWRENCE WARREN FOOTWEAR LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
LAWRENCE WARREN FOOTWEAR LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr L. Warren
Miss H C Warren
(Appointed 21 October 2024)
Miss S Hedges
(Appointed 21 October 2024)
Secretary
Mrs. L Warren
Company number
08727747
Registered office
The Granary
Hones Yard
1 Waverley Lane
Farnham
Surrey
GU9 8BB
Accountants
TC Group
The Granary
Hones Yard
1 Waverley Lane
Farnham
Surrey
GU9 8BB
LAWRENCE WARREN FOOTWEAR LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
600
Tangible assets
5
6,942
8,156
6,942
8,756
Current assets
Debtors
6
276,337
392,808
Cash at bank and in hand
236,583
161,920
512,920
554,728
Creditors: amounts falling due within one year
7
(111,348)
(105,500)
Net current assets
401,572
449,228
Net assets
408,514
457,984
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
408,513
457,983
Total equity
408,514
457,984
LAWRENCE WARREN FOOTWEAR LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 July 2025 and are signed on its behalf by:
Mr L. Warren
Director
Company registration number 08727747 (England and Wales)
LAWRENCE WARREN FOOTWEAR LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

2
Accounting policies
Company information

Lawrence Warren Footwear Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Granary, Hones Yard, 1 Waverley Lane, Farnham, Surrey, GU9 8BB.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

LAWRENCE WARREN FOOTWEAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 5 -
2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
20% straight line
Computer equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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

LAWRENCE WARREN FOOTWEAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

LAWRENCE WARREN FOOTWEAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Accounting policies
(Continued)
- 7 -
2.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
13
11
LAWRENCE WARREN FOOTWEAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
36,000
Amortisation and impairment
At 1 January 2024
35,400
Amortisation charged for the year
600
At 31 December 2024
36,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
600
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
31,354
Additions
3,875
Disposals
(19,544)
At 31 December 2024
15,685
Depreciation and impairment
At 1 January 2024
23,198
Depreciation charged in the year
2,654
Eliminated in respect of disposals
(17,109)
At 31 December 2024
8,743
Carrying amount
At 31 December 2024
6,942
At 31 December 2023
8,156
LAWRENCE WARREN FOOTWEAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
81,357
176,108
Other debtors
194,980
216,700
276,337
392,808
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,071
8,820
Corporation tax
72,373
56,398
Other taxation and social security
24,055
33,828
Other creditors
9,849
6,454
111,348
105,500
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
80
80
1
1
Ordinary B shares of 1p each
10
10
-
0
-
0
Ordinary C shares of 1p each
10
10
-
0
-
0
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
37,854
45,276
Between two and five years
51,478
14,779
89,332
60,055
LAWRENCE WARREN FOOTWEAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
10
Related party transactions

At the balance sheet date the immediate parent owed the company £4,075.

Dividends were voted to Soleas Footwear Ltd of £170,000 in the year.

11
Directors' transactions

Dividends totalling £64,636 (2023 - £166,274) were paid in the year in respect of shares held by the company's directors.

The directors maintain loans with the company. At the start of the year, the directors owed the company £18,202. During the year, £nil was advanced to the directors and £18,202 was repaid. Interest was charged on the loans of £nil. At the balance sheet date, there was no amount owed on the loan.

12
Parent company

The company's immediate parent is Soleas Footwear Ltd, incorporated in England. The registered office is Frensham House, Ground Floor Suite B, Farnham Business Park,, Weydon Lane, Farnham, Surrey, GU9 8QT.

2024-12-31 2024-01-01 false false false 30 July 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr L. Warren Miss H C Warren Miss S Hedges Miss Sarah-Jane Hedges Mrs. L Warren 08727747 2024-01-01 2024-12-31 08727747 bus:Director1 2024-01-01 2024-12-31 08727747 bus:Director2 2024-01-01 2024-12-31 08727747 bus:Director3 2024-01-01 2024-12-31 08727747 bus:CompanySecretary1 2024-01-01 2024-12-31 08727747 bus:Director4 2024-01-01 2024-12-31 08727747 bus:RegisteredOffice 2024-01-01 2024-12-31 08727747 2024-12-31 08727747 2023-12-31 08727747 core:NetGoodwill 2024-12-31 08727747 core:NetGoodwill 2023-12-31 08727747 core:OtherPropertyPlantEquipment 2024-12-31 08727747 core:OtherPropertyPlantEquipment 2023-12-31 08727747 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08727747 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08727747 core:CurrentFinancialInstruments 2024-12-31 08727747 core:CurrentFinancialInstruments 2023-12-31 08727747 core:ShareCapital 2024-12-31 08727747 core:ShareCapital 2023-12-31 08727747 core:RetainedEarningsAccumulatedLosses 2024-12-31 08727747 core:RetainedEarningsAccumulatedLosses 2023-12-31 08727747 core:ShareCapitalOrdinaryShareClass1 2024-12-31 08727747 core:ShareCapitalOrdinaryShareClass1 2023-12-31 08727747 core:ShareCapitalOrdinaryShareClass2 2024-12-31 08727747 core:ShareCapitalOrdinaryShareClass2 2023-12-31 08727747 core:ShareCapitalOrdinaryShareClass3 2024-12-31 08727747 core:ShareCapitalOrdinaryShareClass3 2023-12-31 08727747 core:Goodwill 2024-01-01 2024-12-31 08727747 core:FurnitureFittings 2024-01-01 2024-12-31 08727747 core:ComputerEquipment 2024-01-01 2024-12-31 08727747 2023-01-01 2023-12-31 08727747 core:NetGoodwill 2023-12-31 08727747 core:NetGoodwill 2024-01-01 2024-12-31 08727747 core:OtherPropertyPlantEquipment 2023-12-31 08727747 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 08727747 core:WithinOneYear 2024-12-31 08727747 core:WithinOneYear 2023-12-31 08727747 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08727747 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 08727747 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 08727747 bus:OrdinaryShareClass1 2024-12-31 08727747 bus:OrdinaryShareClass1 2023-12-31 08727747 bus:OrdinaryShareClass2 2024-12-31 08727747 bus:OrdinaryShareClass2 2023-12-31 08727747 bus:OrdinaryShareClass3 2024-12-31 08727747 bus:OrdinaryShareClass3 2023-12-31 08727747 core:BetweenTwoFiveYears 2024-12-31 08727747 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08727747 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08727747 bus:FRS102 2024-01-01 2024-12-31 08727747 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08727747 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP