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REGISTERED NUMBER: 05933454 (England and Wales)












LAMBDA CONSULTING LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






LAMBDA CONSULTING LIMITED (REGISTERED NUMBER: 05933454)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAMBDA CONSULTING LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P J Richardson
Mrs C M Richardson





SECRETARY: P J Richardson





REGISTERED OFFICE: Huntsmans Cottage
Kennel Lane
Windlesham
Surrey
GU20 6AA





REGISTERED NUMBER: 05933454 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

LAMBDA CONSULTING LIMITED (REGISTERED NUMBER: 05933454)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,127 1,123

CURRENT ASSETS
Debtors 5 5,195 5,060
Cash at bank 20,558 26,312
25,753 31,372
CREDITORS
Amounts falling due within one year 6 21,827 15,109
NET CURRENT ASSETS 3,926 16,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,053

17,386

CREDITORS
Amounts falling due after more than one year 7 40,492 -
NET ASSETS 5,561 17,386

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 4,561 16,386
SHAREHOLDERS' FUNDS 5,561 17,386

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





P J Richardson - Director


LAMBDA CONSULTING LIMITED (REGISTERED NUMBER: 05933454)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lambda Consulting 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LAMBDA CONSULTING LIMITED (REGISTERED NUMBER: 05933454)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,032 - 5,383 6,415
Additions - 43,990 - 43,990
Disposals - - (999 ) (999 )
At 31 December 2023 1,032 43,990 4,384 49,406
DEPRECIATION
At 1 January 2023 1,032 - 4,260 5,292
Charge for year - 2,230 756 2,986
Eliminated on disposal - - (999 ) (999 )
At 31 December 2023 1,032 2,230 4,017 7,279
NET BOOK VALUE
At 31 December 2023 - 41,760 367 42,127
At 31 December 2022 - - 1,123 1,123

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 43,990
At 31 December 2023 43,990
DEPRECIATION
Charge for year 2,230
At 31 December 2023 2,230
NET BOOK VALUE
At 31 December 2023 41,760

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,711 4,575
Other debtors 484 485
5,195 5,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Finance leases 2,460 -
Trade creditors 179 56
Taxation and social security 15,832 11,519
Other creditors 3,356 3,534
21,827 15,109

LAMBDA CONSULTING LIMITED (REGISTERED NUMBER: 05933454)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Finance leases 40,492 -

8. RELATED PARTY DISCLOSURES

The controlling party is P J Richardson.

The ultimate controlling party is P J Richardson.