LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Company Registration Number:
04852735 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2025

Period of accounts

Start date: 01 July 2024

End date: 28 February 2025

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2025

Balance sheet
Notes

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Balance sheet

As at 28 February 2025


Notes
8 months to 28 February 2025
2024


£
£
Fixed assets
Intangible assets: 3 0 250
Tangible assets: 4 44,565 69,100
Total fixed assets: 44,565 69,350
Current assets
Stocks: 29,713 184,368
Debtors:   531,525 365,142
Cash at bank and in hand: 352,216 137,462
Total current assets: 913,454 686,972
Creditors: amounts falling due within one year:   (504,523) (333,387)
Net current assets (liabilities): 408,931 353,585
Total assets less current liabilities: 453,496 422,935
Creditors: amounts falling due after more than one year:   (222,681) (247,325)
Total net assets (liabilities): 230,815 175,610
Capital and reserves
Called up share capital: 6 6
Profit and loss account: 230,809 175,604
Shareholders funds: 230,815 175,610

The notes form part of these financial statements

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2026
and signed on behalf of the board by:

Name: C M Lawrence
Status: Director

The notes form part of these financial statements

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Plant and machinery - 15% reducing balance Motor vehicles - 25% reducing balance Office equipment - 15% reducing balance

Intangible fixed assets and amortisation policy

Goodwill Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Other accounting policies

Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

2. Employees

8 months to 28 February 2025 2024
Average number of employees during the period 13 12

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Intangible Assets

Total
Cost £
At 01 July 2024 60,000
At 28 February 2025 60,000
Amortisation
At 01 July 2024 59,750
Charge for year 250
At 28 February 2025 60,000
Net book value
At 28 February 2025 0
At 30 June 2024 250

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Tangible Assets

Total
Cost £
At 01 July 2024 325,116
Additions 17,879
Disposals (33,000)
At 28 February 2025 309,995
Depreciation
At 01 July 2024 256,016
Charge for year 18,696
On disposals (9,282)
At 28 February 2025 265,430
Net book value
At 28 February 2025 44,565
At 30 June 2024 69,100

LAWRENCE ELECTRICAL CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Related party transactions

Name of the related party: DC & FM Lawrence
Relationship:
Directors
Description of the Transaction: The company pays rent to 2 directors
£
Balance at 01 July 2024 9,156
Balance at 28 February 2025 6,104