Lawr•nc• Clolst•rs Trust Llmlt•d DIRECTORS, REPORT FOR THE YEAR ENDED 3110312024 The directors pr8s8nt their report and accounts for the year ended 3110312024 DIRECTORS The direciors who served dunng the year were as follows.. JR Davis PS Dev FJ freeman T Golds JL Gower DP King ADLane STATEMENT OF DIRECTORS RESPONSIBIUTIES The directors are responsible for prep8riry the Directors, Report and the financi815taternents in accordance with 8pplicable law and reguLilion. Company law requires the directors to prepare financial statements for each fInaThal year. Under that law the directors have elected lo prepare the financial stalem8nts in accordance with Unit8d Kingdorn Generally Accepted Accounting Practice Iunited Kingdofn AontIng Standards and applicable lawl. Und8r cornpany law the di¢10T$ rnust not approve the financial staternents Liiiless 4eY are satisfied that they give a true and fair view of the stste of affairs of the wmpany and of th8 profit or Ios5 of the company for that period. In preparing these financial statem8nt5 the dire¢lors are requir8d to.. Select suitable accounting policies and then apply thern conslslenlly., - Make judgement5 and accounting esbmates that are reasoThab and pruderit,. Prepare the financk41 statements on the going concern basis un18S5 It is inappropriate to presume that the rnPany wll wntinue in business. The directors are spOnsible for keeping adequate accounting record5 that disdose with reasonable accur8cy al any lime ihe financial position of th8 compariy and enable them to ensure thal the financial statements cornpty with the Companies Aci 2006 They are also responsible for safeguarding the assets of the MpanY and hence for takSng reasonable steps for the prevention and detection of fraud and other irregularities. The report of the directors has been prèpaTrd in acD)rdance wrth the special provisions wrthin Part 15 of the Companies Act 2006. is report was approved by the board on 2111212024 Dev D1ctor pa98 3
| STATEMENTOF COMPREHENSIVE INCOME | ||
|---|---|---|
| FOR THEYEAR ENDED3110312024 | ||
| 2024 | 2023 | |
| € | f | |
| TURNOVER | 197,295 | 225,341 |
| Costofsales | (63,010) | (e5,133) |
| GROSSPROFIT | 134,285 | 130,208 |
| Administrativeexpenses | (167,156) | (138,e45) |
| Other operating income | 500 | |
| OPERATINGLOSS | (32,871) | |
| lnterestreceivable and similar income | 4,962 | |
| lnterestpayable and similar charges | (375) | |
| LOSS ONORDINARYACTIVITIES BEFORE TAXATION | (28,284) | |
| Taxon profit on ordinary activities | 5,940 | |
| LOSSON ORDINARYACTIVITIES AFTER TAXATION |
Lawronce Clolstors Trust Llmltod BALANCE SHEET AT 3110312024 2024 2023 Notes FIXED ASSETS Tangibb assets Investment Assets 45,163 106,978 49.729 130. 738 152,141 780.461 CURRENT ASSETS Debtors Cash al bank and in hand 63.865 246.502 310,367 259,005 76, 701 208,886 285,587 220,267 CREDITORS.. Amounts falllng due wlthln onè year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 51,362 203,503 65.320 245.787 CREL)ITORS'. Amounts falllng du• aft¢r mor• than one yaar 14.OOC> PROVISIONS FOR LIABILITIES AND CHARGES 10 22.039 27.979 NET ASSETS 181,464 203.808 CAPITAL AND RESERVES Piofil and loss account 181,464 181,464 203,808 203.808 SHAREHOLDERS. FUNDS For the year ending 3110312024 tha cA)mpany was entitled to 8X8rnPtion under Seton 477 of the Companie5 Ad 2006 relating to Small companies. The Members hav8 nol required the company to obtain an audit in accordan with section 476 of the Companies Act 2006. The directors acknowledge their responsit)ilities for comptying with the requirements of th8 Act wth respect to aCrUnting records and the preparation of accounts. These accounts hav6 been ppared and deliver8d in accordance with the provisnS applicable to companies subject lo the sm811 companie5 regime. Ap oved by the board on 2111212024 and slgned on thgir behaw by ps Dire¢tor P8ge 5
| 2,EMPLOYEES | |||
|---|---|---|---|
| 2024 | 2023 | ||
| No. | No. | ||
| Averagenumber of employees | 10 | 14 | |
| 3.PENSION CONTRIBUTIONS | |||
| Pension contributions | |||
| 4.TAXON ORD]NARYACTIVITIES | |||
| 2024 | 2023 | ||
| f | t. | ||
| Corporation tax | 394 | ||
| Deferred taxation | (s,e40) | 1,302 | |
| (5,940) | 1,696 | ||
| 5.TANGIBLEFIXED ASSETS | |||
| Long Leasehold |
Fixtures | ||
| Properties | and Fiftings |
Total | |
| E | € | ||
| Cost | |||
| At01to4t2023 | 33,334 | 257,219 | 290,553 |
| 4131t03t2024 | 33,334 | 257,219 | 290,553 |
| Depreciation | |||
| 4101104t2023 | 240,824 | 240,824 | |
| For theyear | 4,566 | 4,566 | |
| At31t03t2024 | 245,390 | 245,390 | |
| Net BookAmounts | |||
| 4t31t03t2024 | 33,334 | ||
| 4t31t03t2023 | 33,334 |
| Listed | ||
|---|---|---|
| lnvestments | Total | |
| c | E | |
| Cost | ||
| 4t01t04t2023 | 130,738 | 130,738 |
| Revaluation | (23,760) | (23,760) |
| 4131t03t2024 | 106,978 | 106,978 |
| Amortisation | ||
| Net BookAmounts | ||
| 4131t03t2024 | 106,978 | 106,978 |
| 4t31t03t2023 | 130,738 | 130,738 |
| 7DEBTORS | ||
|---|---|---|
| . | 2024 | 2023 |
| € | t | |
| Amountsfallingduewithinoneyear | ||
| Trade debtors VAT |
8,391 35,971 |
4,496 |
| Other debtors | 650 | 29,149 |
| Amountsdue from connected companies | 18,853 | 43,056 |
| 63,865 |
| 8. CREDITORS:AMOUNTS FALLINGDUEWTHIN oNEYEAR | ||
|---|---|---|
| 2024 | 2023 | |
| € | t | |
| UK corporation tax | 394 | 394 |
| PAYE control Bank loans and oyerdrafts |
12,419 605 |
1,856 |
| Loans Credit card |
6,000 16 |
6,000 |
| Trade creditors Other creditors |
4,210 | 2,130 408 |
| Pension schemes | 1,O29 | |
| Accrualsand deferred income | 2U,332 | 209,479 |
| 259,005 | 220,267 |
| 9. CREDITORS:AMOUNTS FALLINGDUEAFTER MoRE THANoNE | ||
|---|---|---|
| YEAR | ||
| 2024 | ||
| t | ||
| Loans>1yr | ||
| 10. PROVISIONS FORLIABILITIES | ||
| Deferred taxation | ||
| 11. DEFERREDTAXATION | 2024 | 2023 |
| Provision atthestartoftheperiod Deferred tax charge in profitandloss account dueto: |
€ (27,e79) |
f (26,677) |
| Deferred taxation | 5,940 | (1,302) |
| Provisionattheendoftheperiod | (27,979) |