REGISTERED NUMBER: SC194401 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Lawrence Of Kemnay Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G B Chalmers

Mrs C Chalmers

J N Macleod

Mrs C A Macleod

SECRETARY:

Brodies Secretarial Services Limited

REGISTERED OFFICE:

Brodies House

31 - 33 Union Grove

Aberdeen

AB10 6SD

REGISTERED NUMBER:

SC194401 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Intangible assets

4

9,800

11,000

Tangible assets

5

34,278

44,927

44,078

55,927

CURRENT ASSETS

Stocks

469,414

622,006

Debtors

6

310,659

356,506

Cash in hand

318

451

780,391

978,963

CREDITORS

Amounts falling due within one year

7

937,323

1,145,427

NET CURRENT LIABILITIES

(156,932

)

(166,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112,854

)

(110,537

)

CREDITORS

Amounts falling due after more than one year

8

-

3,365

NET LIABILITIES

(112,854

)

(113,902

)

CAPITAL AND RESERVES

Called up share capital

301,550

301,550

Retained earnings

(414,404

)

(415,452

)

(112,854

)

(113,902

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 August 2026 and were signed on its behalf by:

J N Macleod - Director

1.	STATUTORY INFORMATION

Lawrence Of Kemnay Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 23 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

12,000

AMORTISATION

At 1 January 2025

1,000

Charge for year

1,200

At 31 December 2025

2,200

NET BOOK VALUE

At 31 December 2025

9,800

At 31 December 2024

11,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

153,962

Additions

7,332

Disposals

(15,000

)

At 31 December 2025

146,294

DEPRECIATION

At 1 January 2025

109,035

Charge for year

8,381

Eliminated on disposal

(5,400

)

At 31 December 2025

112,016

NET BOOK VALUE

At 31 December 2025

34,278

At 31 December 2024

44,927

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

53,858

2,768

Other debtors

256,801

353,738

310,659

356,506

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

608,763

296,243

Hire purchase contracts

3,365

9,528

Trade creditors

139,426

178,462

Amounts owed to group undertakings

49,661

33,495

Amounts owed to associates

796

5,797

Taxation and social security

88,502

109,179

Other creditors

46,810

512,723

937,323

1,145,427

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

3,365