IRIS Accounts Production v23.4.0.336 04125856 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041258562022-12-31041258562023-12-31041258562023-01-012023-12-31041258562021-12-31041258562022-01-012022-12-31041258562022-12-3104125856ns15:EnglandWales2023-01-012023-12-3104125856ns14:PoundSterling2023-01-012023-12-3104125856ns10:Director12023-01-012023-12-3104125856ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104125856ns10:SmallEntities2023-01-012023-12-3104125856ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3104125856ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104125856ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104125856ns10:FullAccounts2023-01-012023-12-310412585612023-01-012023-12-3104125856ns10:OrdinaryShareClass12023-01-012023-12-3104125856ns10:Director22023-01-012023-12-3104125856ns10:CompanySecretary12023-01-012023-12-3104125856ns10:RegisteredOffice2023-01-012023-12-3104125856ns5:CurrentFinancialInstruments2023-12-3104125856ns5:CurrentFinancialInstruments2022-12-3104125856ns5:Non-currentFinancialInstruments2023-12-3104125856ns5:Non-currentFinancialInstruments2022-12-3104125856ns5:ShareCapital2023-12-3104125856ns5:ShareCapital2022-12-3104125856ns5:RetainedEarningsAccumulatedLosses2023-12-3104125856ns5:RetainedEarningsAccumulatedLosses2022-12-3104125856ns5:NetGoodwill2023-01-012023-12-3104125856ns5:NetGoodwill2022-12-3104125856ns5:NetGoodwill2023-12-3104125856ns5:NetGoodwill2022-12-3104125856ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104125856ns5:PlantMachinery2022-12-3104125856ns5:FurnitureFittings2022-12-3104125856ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3104125856ns5:PlantMachinery2023-01-012023-12-3104125856ns5:FurnitureFittings2023-01-012023-12-3104125856ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3104125856ns5:PlantMachinery2023-12-3104125856ns5:FurnitureFittings2023-12-3104125856ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104125856ns5:PlantMachinery2022-12-3104125856ns5:FurnitureFittings2022-12-3104125856ns5:MotorVehicles2022-12-3104125856ns5:ComputerEquipment2022-12-3104125856ns5:MotorVehicles2023-01-012023-12-3104125856ns5:ComputerEquipment2023-01-012023-12-3104125856ns5:MotorVehicles2023-12-3104125856ns5:ComputerEquipment2023-12-3104125856ns5:MotorVehicles2022-12-3104125856ns5:ComputerEquipment2022-12-3104125856ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104125856ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104125856ns5:CurrentFinancialInstruments2023-01-012023-12-3104125856ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3104125856ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3104125856ns5:Non-currentFinancialInstruments2023-01-012023-12-3104125856ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04125856 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LAMPCO (UK) LIMITED

LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LAMPCO (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mitesh L Vekaria
Mrs R Vekaria





SECRETARY: Mrs R Vekaria





REGISTERED OFFICE: Rear of 11-14
School Lane
Pinner
Middlesex
HA5 5NF





REGISTERED NUMBER: 04125856 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LAMPCO (UK) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lampco (UK) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lampco (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lampco (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Lampco (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lampco (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lampco (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lampco (UK) Limited. You consider that Lampco (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lampco (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


18 April 2024

LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,980 10,784
7,980 10,784

CURRENT ASSETS
Stocks 6 - 4,980
Debtors 7 1,143,580 1,181,080
Cash at bank and in hand 177,773 12,576
1,321,353 1,198,636
CREDITORS
Amounts falling due within one year 8 62,736 48,580
NET CURRENT ASSETS 1,258,617 1,150,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,266,597

1,160,840

CREDITORS
Amounts falling due after more than one year 9 - (25,000 )

PROVISIONS FOR LIABILITIES (1,839 ) (1,967 )
NET ASSETS 1,264,758 1,133,873

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,264,658 1,133,773
SHAREHOLDERS' FUNDS 1,264,758 1,133,873

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.

LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

BALANCE SHEET - continued
31 DECEMBER 2023


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 18 April 2024 and were signed on its behalf by:





Mitesh L Vekaria - Director


LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

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


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of 10 years.

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.

Motor Vehicles 25% reducing balance
Fixture and Fittings25% reducing balance
Plant and Machinery20% reducing balance
Computer Equipment25% reducing balance
Short Leasehold Straight line over 15 years

Stocks
Stocks are measured at the lower of cost and selling price less cost to sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

Deferred tax
Deferred tax is recognised in respect of all timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 8 ) .

LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 100,000
AMORTISATION
At 1 January 2023
and 31 December 2023 100,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 January 2023
and 31 December 2023 6,481 46,512 24,748
DEPRECIATION
At 1 January 2023 6,048 42,179 21,528
Charge for year 433 866 805
At 31 December 2023 6,481 43,045 22,333
NET BOOK VALUE
At 31 December 2023 - 3,467 2,415
At 31 December 2022 433 4,333 3,220

LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 17,261 5,413 100,415
DEPRECIATION
At 1 January 2023 14,670 5,206 89,631
Charge for year 648 52 2,804
At 31 December 2023 15,318 5,258 92,435
NET BOOK VALUE
At 31 December 2023 1,943 155 7,980
At 31 December 2022 2,591 207 10,784

6. STOCKS
31/12/23 31/12/22
£ £
Stocks - 4,980

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£ £
Trade debtors - 1,620
Amounts owed by participating interests 1,143,580 1,179,460
1,143,580 1,181,080

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£ £
Bank loans and overdrafts - 10,000
Tax 40,610 23,345
Social security and other taxes 3,559 -
VAT 13,202 6,736
Other creditors 1,495 2,238
Directors' current accounts 2,000 4,391
Accrued expenses 1,870 1,870
62,736 48,580

Included in Creditors less than one year is Business Bounce Back Loan of £10,000 (2022). The loan is repaid in full as at 31st December 2023.

LAMPCO (UK) LIMITED (REGISTERED NUMBER: 04125856)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£ £
Other loans - 2-5 years - 25,000

Included in Other loan is Business Bounce Back Loan of £25,000 (2022). The loan is repaid in full as at 31st December 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £ £
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

As at balance sheet date, the company is owed £1,143,580 (£1,179,460 2022) from Only Freeholds Ltd, in which the directors have participating interest.

12. ULTIMATE CONTROLLING PARTY

Directors are the ultimate controller of the company as they hold all of the issued share capital of the company.