Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312falsetrueNo description of principal activity2022-03-09trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13965234 2022-03-08 13965234 2022-03-09 2023-03-31 13965234 2021-03-09 2022-03-08 13965234 2023-03-31 13965234 c:Director1 2022-03-09 2023-03-31 13965234 d:OfficeEquipment 2022-03-09 2023-03-31 13965234 d:OfficeEquipment 2023-03-31 13965234 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-09 2023-03-31 13965234 d:CurrentFinancialInstruments 2023-03-31 13965234 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13965234 d:ShareCapital 2023-03-31 13965234 d:RetainedEarningsAccumulatedLosses 2023-03-31 13965234 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13965234 c:OrdinaryShareClass1 2022-03-09 2023-03-31 13965234 c:OrdinaryShareClass1 2023-03-31 13965234 c:FRS102 2022-03-09 2023-03-31 13965234 c:AuditExempt-NoAccountantsReport 2022-03-09 2023-03-31 13965234 c:FullAccounts 2022-03-09 2023-03-31 13965234 c:PrivateLimitedCompanyLtd 2022-03-09 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13965234









LAMBER WORLDWIDE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
LAMBER WORLDWIDE LTD
REGISTERED NUMBER: 13965234

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,037

  
9,037

Current assets
  

Debtors: amounts falling due within one year
 5 
98,000

Cash at bank and in hand
 6 
5,738,079

  
5,836,079

Creditors: amounts falling due within one year
 7 
(1,756,516)

Net current assets
  
 
 
4,079,563

Total assets less current liabilities
  
4,088,600

Provisions for liabilities
  

Deferred tax
 8 
(1,717)

  
 
 
(1,717)

Net assets
  
4,086,883


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
4,086,783

  
4,086,883


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 October 2023.
Page 1

 
LAMBER WORLDWIDE LTD
REGISTERED NUMBER: 13965234
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023





Xue Han
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
LAMBER WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Lamber Worldwide Ltd is a private company limited by shares and incorporated in England and Wales. The registered office is 124 Finchley Road, London, NW3 5JS. The company was incorporated on 9 March 2022 and commenced to trade on that date.

The principal activity of the company is that of wholesale of a variety of goods.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
LAMBER WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

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

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
LAMBER WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
LAMBER WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
11,016



At 31 March 2023

11,016



Depreciation


Charge for the period on owned assets
1,979



At 31 March 2023

1,979



Net book value



At 31 March 2023
9,037


5.


Debtors

2023
£


Trade debtors
98,000

98,000



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
5,738,079

5,738,079


Page 6

 
LAMBER WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
280,510

Corporation tax
975,271

Other taxation and social security
160,081

Other creditors
248,654

Accruals and deferred income
92,000

1,756,516



8.


Deferred taxation



2023


£






Charged to profit or loss
(1,717)



At end of year
(1,717)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(1,717)

(1,717)


9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary Share of £1.00 each
100


Ordiary Share Capital was issued on 9th March 2022.


10.


Related party transactions

At the reporting date, the company owed £87,128 to Xue Han, the director of the company.

Page 7

 
LAMBER WORLDWIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

11.


Controlling party

The company is controlled by Xue Han as she owns all the issued share capital.
 
Page 8