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REGISTERED NUMBER: 04649629 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LAMBENT UK LIMITED

LAMBENT UK LIMITED (REGISTERED NUMBER: 04649629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAMBENT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTORS: J A O'Connor
Mrs A Caldas Lages O'Connor





SECRETARY: J A O'Connor





REGISTERED OFFICE: 27 Old Gloucester Street
Bloomsbury
London
WC1N 3AX





REGISTERED NUMBER: 04649629 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

LAMBENT UK LIMITED (REGISTERED NUMBER: 04649629)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 749 1,499

CURRENT ASSETS
Debtors 5 140,238 137,933
Cash at bank 57,963 74,964
198,201 212,897
CREDITORS
Amounts falling due within one year 6 63,814 41,797
NET CURRENT ASSETS 134,387 171,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,136

172,599

CREDITORS
Amounts falling due after more than one
year

7

(24,806

)

(41,253

)

PROVISIONS FOR LIABILITIES (142 ) (285 )
NET ASSETS 110,188 131,061

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 109,888 130,761
SHAREHOLDERS' FUNDS 110,188 131,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

LAMBENT UK LIMITED (REGISTERED NUMBER: 04649629)

BALANCE SHEET - continued
31 March 2023



The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





J A O'Connor - Director


LAMBENT UK LIMITED (REGISTERED NUMBER: 04649629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023


1. STATUTORY INFORMATION

Lambent UK Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of licence and training fees, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a money purchase scheme of a director. All contributions payable are included in the profit and loss account for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

LAMBENT UK LIMITED (REGISTERED NUMBER: 04649629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 7,077 15,407 22,484
DEPRECIATION
At 1 April 2022 7,077 13,908 20,985
Charge for year - 750 750
At 31 March 2023 7,077 14,658 21,735
NET BOOK VALUE
At 31 March 2023 - 749 749
At 31 March 2022 - 1,499 1,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,539 15,814
Other debtors 118,699 122,119
140,238 137,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,282 -
Amounts owed to group undertakings 18,979 14,979
Taxation and social security 22,552 24,310
Other creditors 2,001 2,508
63,814 41,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,806 41,253

LAMBENT UK LIMITED (REGISTERED NUMBER: 04649629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J A O'Connor
Balance outstanding at start of year 89,945 97,704
Amounts repaid (1,312 ) (7,759 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,633 89,945