Company registration number 00958642 (England and Wales)
Lawton Tools Limited
Unaudited Financial Statements
For the year ended 31 October 2025
Lawton Tools Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Lawton Tools Limited
Balance sheet
As at 31 October 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
18,624
20,698
Current assets
Stocks
136,449
120,371
Debtors
5
416,295
380,975
Cash at bank and in hand
430
124
553,174
501,470
Creditors: amounts falling due within one year
6
(391,848)
(373,173)
Net current assets
161,326
128,297
Net assets
179,950
148,995
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
179,940
148,985
Total equity
179,950
148,995

For the financial year ended 31 October 2025 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 5 March 2026 and are signed on its behalf by:
Mr J L Horsley
Director
Company registration number 00958642 (England and Wales)
Lawton Tools Limited
Notes to the financial statements
For the year ended 31 October 2025
- 2 -
1
Accounting policies
Company information

Lawton Tools Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72 Newcastle Road, Sandbach, Cheshire, CW11 1LT.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3
Intangible fixed assets other than goodwill

Amortisation 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:

Computer software
25% straight line
1.4
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:

Plant and machinery
25% straight line
Fixtures, fittings & equipment
15% straight line
Motor vehicles
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.

1.5
Stocks

Stock is valued at the lower of cost and net realisable value.

1.6
Taxation

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

Lawton Tools Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 3 -
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.

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.

1.7
Retirement benefits

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

1.8
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.

2
Employees

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

2025
2024
Number
Number
Total
7
7
Lawton Tools Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 4 -
3
Intangible fixed assets
Other
£
Cost
At 1 November 2024 and 31 October 2025
21,371
Amortisation and impairment
At 1 November 2024 and 31 October 2025
21,371
Carrying amount
At 31 October 2025
-
0
At 31 October 2024
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024
174,453
Additions
17,981
Disposals
(119,250)
At 31 October 2025
73,184
Depreciation and impairment
At 1 November 2024
153,755
Depreciation charged in the year
15,640
Eliminated in respect of disposals
(114,835)
At 31 October 2025
54,560
Carrying amount
At 31 October 2025
18,624
At 31 October 2024
20,698
Lawton Tools Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
372,394
332,158
Other debtors
2,731
1,496
Prepayments and accrued income
19,950
15,921
395,075
349,575
Deferred tax asset
21,220
31,400
416,295
380,975
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
76,285
48,372
Trade creditors
165,656
131,194
Taxation and social security
19,797
19,350
Other creditors
130,110
174,257
391,848
373,173
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
8
Operating lease commitments
As lessee

The company has entered into a lease agreement for a telephone system used in its operations. The lease term is 60 months with no purchase option at the end of the term. The lease does not contain variable lease payments, residual value guarantees, or significant extension/termination options.

2025
2024
£
£
Total commitments
23,268
-
0
Lawton Tools Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 6 -
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Mr E M Horsley and Mrs J A Horsley (Directors) are materially interested as shareholders in Lawton Tools (Rail Products) Limited.

Transactions in the year with Lawton Tools (Rail Products) Ltd were as follows:

- Sales £54,906 (2024 £40,337)

- Purchases £50,886 (2024 £67,675)

The year end balances with Lawton Tools (Rail Products) Ltd were as follows:

- Trade debtors £5,510 (202 4 £3,088)

- Trade creditors £7,650 (202 4 £10,808)

- Other creditors £99,688 (202 4 £146,143)

During the year the company rented its trading premises from Mr E M Horsley and Mrs J A Horsley at an amount of £9,6 00 (202 4 £9,600).

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