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
John Lampkin Imports Limited
Company Information
for the year ended 31 August 2023
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
John Lampkin Imports Limited
Statement of financial position
as at 31 August 2023
Tangible assets
444,505
416,468
Inventories
780,926
725,390
Cash at bank and in hand
1,364,492
1,617,039
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
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
John Lampkin Imports Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
John Lampkin Imports Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill
At 1 September 2022
80,000
At 1 September 2022
80,000
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
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
At 31 August 2023
404,039
35,529
4,937
444,505
At 31 August 2022
404,039
6,258
6,171
416,468
Amounts falling due within one year
Trade debtors
432,604
573,769
Accrued income and prepayments
12,994
13,985
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
20,633
319,377
Taxes and social security
175,691
548,628
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).