REGISTERED NUMBER: 06519795 (England and Wales)

LAWFIELD CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Field

G Lawrence

SECRETARY:

S J Field

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

06519795 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

48,044

12,300

CURRENT ASSETS

Stocks

11,541

10,525

Debtors

5

671,270

417,138

Cash at bank

266,974

72,029

949,785

499,692

CREDITORS

Amounts falling due within one year

6

911,991

415,661

NET CURRENT ASSETS

37,794

84,031

TOTAL ASSETS LESS CURRENT LIABILITIES

85,838

96,331

CREDITORS

Amounts falling due after more than one year

7

(12,115

)

(11,667

)

PROVISIONS FOR LIABILITIES

(5,090

)

(2,429

)

NET ASSETS

68,633

82,235

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

68,533

82,135

SHAREHOLDERS' FUNDS

68,633

82,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

S J Field - Director

1.	STATUTORY INFORMATION

Lawfield Contracts 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.

Turnover

Turnover represents net invoiced sales of goods/services, excluding value added tax.

Where the company enters into long-term contracts, cumulative turnover is compared with total payments on account. If turnover exceeds payments on account, the company recognises 'amounts recoverable on contracts' as disclosed within debtors.

Where payments on account are greater than turnover to date, the excess is classified as a deduction from any balance on that contract in stocks, with any residual balance in excess of cost being classified within creditors.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

19,550

8,621

5,000

7,446

40,617

Additions

8,657

-

30,793

714

40,164

At 31 March 2025

28,207

8,621

35,793

8,160

80,781

DEPRECIATION

At 1 April 2024

9,403

7,538

4,625

6,751

28,317

Charge for year

2,142

217

1,469

592

4,420

At 31 March 2025

11,545

7,755

6,094

7,343

32,737

NET BOOK VALUE

At 31 March 2025

16,662

866

29,699

817

48,044

At 31 March 2024

10,147

1,083

375

695

12,300

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

Additions

26,353

At 31 March 2025

26,353

DEPRECIATION

Charge for year

1,098

At 31 March 2025

1,098

NET BOOK VALUE

At 31 March 2025

25,255

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

654,688

415,861

Other debtors

16,582

1,277

671,270

417,138

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Finance leases (see note 8)

5,451

-

Trade creditors

409,152

181,370

Taxation and social security

365,025

214,048

Other creditors

122,363

10,243

911,991

415,661

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,667

Finance leases (see note 8)

10,448

-

12,115

11,667

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

5,451

-

Between one and five years

10,448

-

15,899

-

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

4,786

8,878

Between one and five years

4,605

9,210

9,391

18,088