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Company Registration No. 04485596 (England and Wales)
John Lampkin Imports Limited Unaudited accounts for the year ended 31 August 2023
John Lampkin Imports Limited Unaudited accounts Contents
Page
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John Lampkin Imports Limited Company Information for the year ended 31 August 2023
Director
VJ Lampkin
Secretary
KP Pickard
Company Number
04485596 (England and Wales)
Registered Office
88 Snaygill Industrial Estate Silsden Keighley West Yorkshire BD20 2QR
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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John Lampkin Imports Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
444,505 
416,468 
Current assets
Inventories
780,926 
725,390 
Debtors
445,598 
587,754 
Cash at bank and in hand
1,364,492 
1,617,039 
2,591,016 
2,930,183 
Creditors: amounts falling due within one year
(197,575)
(878,155)
Net current assets
2,393,441 
2,052,028 
Total assets less current liabilities
2,837,946 
2,468,496 
Provisions for liabilities
Deferred tax
(7,708)
(2,361)
Net assets
2,830,238 
2,466,135 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,830,138 
2,466,035 
Shareholders' funds
2,830,238 
2,466,135 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2023 and were signed on its behalf by
VJ Lampkin Director Company Registration No. 04485596
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John Lampkin Imports Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
John Lampkin Imports Limited is a private company, limited by shares, registered in England and Wales, registration number 04485596. The registered office is 88 Snaygill Industrial Estate, Silsden, Keighley, West Yorkshire, BD20 2QR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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John Lampkin Imports Limited Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
80,000 
At 31 August 2023
80,000 
Amortisation
At 1 September 2022
80,000 
At 31 August 2023
80,000 
Net book value
At 31 August 2023
- 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
404,039 
32,145 
37,458 
473,642 
Additions
- 
41,113 
- 
41,113 
At 31 August 2023
404,039 
73,258 
37,458 
514,755 
Depreciation
At 1 September 2022
- 
25,887 
31,287 
57,174 
Charge for the year
- 
11,842 
1,234 
13,076 
At 31 August 2023
- 
37,729 
32,521 
70,250 
Net book value
At 31 August 2023
404,039 
35,529 
4,937 
444,505 
At 31 August 2022
404,039 
6,258 
6,171 
416,468 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
432,604 
573,769 
Accrued income and prepayments
12,994 
13,985 
445,598 
587,754 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
20,633 
319,377 
Taxes and social security
175,691 
548,628 
Loans from directors
1 
- 
Accruals
1,250 
10,150 
197,575 
878,155 
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John Lampkin Imports Limited Notes to the Accounts for the year ended 31 August 2023
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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