REGISTERED NUMBER: SC419984 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

J & A Law (The Waterpoint) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Law

Mr J J Law

REGISTERED OFFICE:

2 Argyle Street

Stonehouse

Lanarkshire

ML9 3LL

REGISTERED NUMBER:

SC419984 (Scotland)

ACCOUNTANTS:

ICW Accountancy Ltd

15 St Leonard Street

Lanark

Lanarkshire

ML11 7AB

FIXED ASSETS

Tangible assets

4

6,752

12,149

CURRENT ASSETS

Stocks

8,443

3,582

Debtors

5

46,773

47,050

Cash at bank and in hand

31,251

13,879

86,467

64,511

CREDITORS

Amounts falling due within one year

6

101,611

77,486

NET CURRENT LIABILITIES

(15,144

)

(12,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,392

)

(826

)

PROVISIONS FOR LIABILITIES

(287

)

(527

)

ACCRUALS AND DEFERRED INCOME

(7,304

)

(5,768

)

NET LIABILITIES

(15,983

)

(7,121

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(16,083

)

(7,221

)

SHAREHOLDERS' FUNDS

(15,983

)

(7,121

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 December 2018 and were signed on its behalf by:

Mr J J Law - Director

1.	STATUTORY INFORMATION

J & A Law (The Waterpoint) Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about J & A Law (The Waterpoint) Ltd as an individual company. The

company is exempt under Section 400 of the companies Act 2006 from the requirements to prepare consolidated

financial statements as its subsidiary undertakings are included by full consolidation in the consolidated financial

statements of its parent, A & J Law Group Ltd, a company registered in Scotland.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with

wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

28,684

Disposals

(11,601

)

At 31 August 2018

17,083

DEPRECIATION

At 1 September 2017

16,535

Charge for year

3,332

Eliminated on disposal

(9,536

)

At 31 August 2018

10,331

NET BOOK VALUE

At 31 August 2018

6,752

At 31 August 2017

12,149

5.

DEBTORS

31.8.18

31.8.17

£

£

Amounts falling due within one year:

Trade debtors

27,901

29,200

Other debtors

458

633

28,359

29,833

Amounts falling due after more than one year:

Other debtors

18,414

17,217

Aggregate amounts

46,773

47,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

1,471

687

Taxation and social security

567

5

Other creditors

99,573

76,794

101,611

77,486

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.18

31.8.17

£

£

Within one year

6,898

3,187

8.	RELATED PARTY DISCLOSURES

During the year the business paid a rent of £6,898 (2017: £6,375) to the Mr A Law's (Company Director) self

invested personal pension, this was carried out on a normal commercial basis.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A & J Law Group Ltd.