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Registration number: 08777516

Lawson's of Corby Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 30 November 2025

Lawson's of Corby Limited

Contents

Abridged Balance Sheet | 1
Notes to the Unaudited Abridged Financial Statements | 2 to 4

Lawson's of Corby Limited

(Registration number: 08777516)
Abridged Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 706,401 | 481,494
Current assets |  |  |
Debtors |  | 272,632 | 293,864
Cash at bank and in hand |  | 203,236 | 120,238
|  | 475,868 | 414,102
Creditors: Amounts falling due within one year |  | (159,334) | (160,484)
Net current assets |  | 316,534 | 253,618
Total assets less current liabilities |  | 1,022,935 | 735,112
Creditors: Amounts falling due after more than one year |  | (180,318) | (56,281)
Provisions for liabilities |  | (176,600) | (120,373)
Net assets |  | 666,017 | 558,458
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 665,917 | 558,358
Shareholders' funds |  | 666,017 | 558,458

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of Abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 15 May 2026 and signed on its behalf by:

......................................... W Lawson Director

Lawson's of Corby Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Tax

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

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Lawson's of Corby Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

Depreciation

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:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Fixtures and fittings | Over 3 years
Motor vehicles | 15% reducing balance

Leases

Assets held under hire purchase contracts or finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of future payments is included within creditors.

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.

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 46 (2024 - 39).

Lawson's of Corby Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

3 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 December 2024 | 10,535 | 674,311 | 28,232 | 713,078
Additions | 3,523 | 395,506 | 11,702 | 410,731
Disposals | - | (143,150) | - | (143,150)
At 30 November 2025 | 14,058 | 926,667 | 39,934 | 980,659
Depreciation
At 1 December 2024 | 7,554 | 218,788 | 5,242 | 231,584
Charge for the year | 2,374 | 89,527 | 4,135 | 96,036
Eliminated on disposal | - | (53,362) | - | (53,362)
At 30 November 2025 | 9,928 | 254,953 | 9,377 | 274,258
Carrying amount
At 30 November 2025 | 4,130 | 671,714 | 30,557 | 706,401
At 30 November 2024 | 2,981 | 455,523 | 22,990 | 481,494