Silverfin false 28/02/2023 01/03/2022 28/02/2023 Stephen Robert Day 30/09/2003 28 September 2023 The principal activity of the Company during the financial year was worktop manufacturing and laminate bonding. 04916450 2023-02-28 04916450 bus:Director1 2023-02-28 04916450 2022-02-28 04916450 core:CurrentFinancialInstruments 2023-02-28 04916450 core:CurrentFinancialInstruments 2022-02-28 04916450 core:Non-currentFinancialInstruments 2023-02-28 04916450 core:Non-currentFinancialInstruments 2022-02-28 04916450 core:ShareCapital 2023-02-28 04916450 core:ShareCapital 2022-02-28 04916450 core:RetainedEarningsAccumulatedLosses 2023-02-28 04916450 core:RetainedEarningsAccumulatedLosses 2022-02-28 04916450 core:PlantMachinery 2022-02-28 04916450 core:Vehicles 2022-02-28 04916450 core:FurnitureFittings 2022-02-28 04916450 core:ComputerEquipment 2022-02-28 04916450 core:PlantMachinery 2023-02-28 04916450 core:Vehicles 2023-02-28 04916450 core:FurnitureFittings 2023-02-28 04916450 core:ComputerEquipment 2023-02-28 04916450 2022-03-01 2023-02-28 04916450 bus:FullAccounts 2022-03-01 2023-02-28 04916450 bus:SmallEntities 2022-03-01 2023-02-28 04916450 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04916450 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04916450 bus:Director1 2022-03-01 2023-02-28 04916450 core:PlantMachinery 2022-03-01 2023-02-28 04916450 core:Vehicles core:TopRangeValue 2022-03-01 2023-02-28 04916450 core:FurnitureFittings 2022-03-01 2023-02-28 04916450 core:ComputerEquipment core:TopRangeValue 2022-03-01 2023-02-28 04916450 2021-03-01 2022-02-28 04916450 core:Vehicles 2022-03-01 2023-02-28 04916450 core:ComputerEquipment 2022-03-01 2023-02-28 04916450 core:Non-currentFinancialInstruments 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Company No: 04916450 (England and Wales)

LAMFORM LTD.

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

LAMFORM LTD.

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

LAMFORM LTD.

BALANCE SHEET

As at 28 February 2023
LAMFORM LTD.

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 56,654 64,848
56,654 64,848
Current assets
Stocks 4 13,500 20,000
Debtors 5 29,648 23,362
Cash at bank and in hand 13,421 6,837
56,569 50,199
Creditors: amounts falling due within one year 6 ( 76,977) ( 67,091)
Net current liabilities (20,408) (16,892)
Total assets less current liabilities 36,246 47,956
Creditors: amounts falling due after more than one year 7 ( 27,193) ( 36,710)
Net assets 9,053 11,246
Capital and reserves
Called-up share capital 2 2
Profit and loss account 9,051 11,244
Total shareholders' funds 9,053 11,246

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Lamform Ltd. (registered number: 04916450) were approved and authorised for issue by the Director on 28 September 2023. They were signed on its behalf by:

Stephen Robert Day
Director
LAMFORM LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
LAMFORM LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lamform Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Uddens Trading Estate, Ferndown, Wimborne, BH21 7NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 10 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 March 2022 37,678 62,135 8,833 5,028 113,674
At 28 February 2023 37,678 62,135 8,833 5,028 113,674
Accumulated depreciation
At 01 March 2022 31,749 4,319 7,864 4,894 48,826
Charge for the financial year 1,482 6,335 243 134 8,194
At 28 February 2023 33,231 10,654 8,107 5,028 57,020
Net book value
At 28 February 2023 4,447 51,481 726 0 56,654
At 28 February 2022 5,929 57,816 969 134 64,848

4. Stocks

2023 2022
£ £
Stocks 13,500 20,000

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2023 2022
£ £
Trade debtors 23,845 17,521
Corporation tax 5,118 5,118
Other debtors 685 723
29,648 23,362

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 10,648 11,880
Trade creditors 39,772 42,381
Taxation and social security 11,243 3,285
Other creditors 15,314 9,545
76,977 67,091

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 27,193 36,710

There are no amounts included above in respect of which any security has been given by the small entity.