Lawsons Estate Agents (Thetford) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06648323

Lawsons Estate Agents (Thetford) Limited

Unaudited financial statements

31 March 2026

Lawsons Estate Agents (Thetford) Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	294	1,470
Tangible assets	6	98,627	103,663
		-------	---------
		98,921	105,133

Current assets

Debtors	8	470,734	450,658
Cash at bank and in hand		10,874	63,135
		---------	---------
		481,608	513,793

Creditors: Amounts falling due within one year	9	( 86,763)		( 140,529)
		---------		---------
Net current assets			394,845		373,264
			---------		---------
Total assets less current liabilities			493,766		478,397

Creditors: Amounts falling due after more than one year	10		( 132,559)		( 152,892)

Provisions

Taxation including deferred tax	( 24,553)	( 25,820)
	---------	---------
Net assets	336,654	299,685
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	336,653	299,684
	---------	---------
Shareholders funds	336,654	299,685
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lawsons Estate Agents (Thetford) Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 4 August 2026 , and are signed on behalf of the board by:

M J Lawson
Director

Company registration number: 06648323

Lawsons Estate Agents (Thetford) Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The director considers that there are no estimates or assumptions that have a significant effect on the financial statements.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Website	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	15% reducing balance
Leasehold improvements	-	10% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 10 (2025: 9 ).

5. Intangible assets

	Goodwill	Website	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	117,600	5,880	123,480
	---------	------	---------
Amortisation
At 1 April 2025	117,600	4,410	122,010
Charge for the year	–	1,176	1,176
	---------	------	---------
At 31 March 2026	117,600	5,586	123,186
	---------	------	---------
Carrying amount
At 31 March 2026	–	294	294
	---------	------	---------
At 31 March 2025	–	1,470	1,470
	---------	------	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Leasehold improvements	Total
	£	£	£	£
Cost
At 1 April 2025	59,226	79,545	24,336	163,107
Additions	683	14,115	–	14,798
	-------	-------	-------	---------
At 31 March 2026	59,909	93,660	24,336	177,905
	-------	-------	-------	---------
Depreciation
At 1 April 2025	24,441	30,694	4,309	59,444
Charge for the year	8,300	9,092	2,442	19,834
	-------	-------	-------	---------
At 31 March 2026	32,741	39,786	6,751	79,278
	-------	-------	-------	---------
Carrying amount
At 31 March 2026	27,168	53,874	17,585	98,627
	-------	-------	-------	---------
At 31 March 2025	34,785	48,851	20,027	103,663
	-------	-------	-------	---------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025	7,254
Disposals	( 7,254)
	------
At 31 March 2026	–
	------
Impairment
At 1 April 2025	7,254
Disposals	( 7,254)
	------
At 31 March 2026	–
	------

Carrying amount
At 31 March 2026	–
	------
At 31 March 2025	–
	------

8. Debtors

	2026	2025
	£	£
Trade debtors	15,322	23,039
Amounts owed by group undertakings	431,630	398,800
Other debtors	23,782	28,819
	---------	---------
	470,734	450,658
	---------	---------

9. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	16,149	11,704
Trade creditors	9,419	37,625
Social security and other taxes	57,426	67,392
Other creditors	3,769	23,808
	-------	---------
	86,763	140,529
	-------	---------

Included within other creditors were obligations under hire purchase agreements totalling £Nil (2025: £21,011) secured against the assets to which they related. Included within bank loans and overdrafts is a balance of £16,149 (2025: £11,704) secured by way of a fixed and floating charge against all assets of the Company both present and future.

10. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	132,559	151,097
Other creditors	–	1,795
	---------	---------
	132,559	152,892
	---------	---------

Included within other creditors were obligations under hire purchase agreements totalling £Nil (2025: £1,795) secured against the assets to which they related. Included within bank loans and overdrafts is a balance of £132,559 (2025: £151,097) secured by way of a fixed and floating charge against all assets of the Company both present and future. Interest on the bank loan is charged at 4.33% above the Bank of England Base Rate.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	19,644	25,894
Later than 1 year and not later than 5 years	671	20,315
	-------	-------
	20,315	46,209
	-------	-------

12. Director's advances, credits and guarantees

Included within other debtors at the year end is an interest free advance to the director totalling £Nil (2025: £19,616). The maximum balance advanced during the year was £19,616.

13. Related party transactions

At the reporting date, the Company had an outstanding balance of £431,630 (2025: £398,800) due to a group company. The balance is interest-free, unsecured, and repayable on demand.