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REGISTERED NUMBER: SC450359 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mark Lambie Enterprises Limited

Mark Lambie Enterprises Limited (Registered number: SC450359)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mark Lambie Enterprises Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M W Lambie



REGISTERED OFFICE: 56 Sutherland Drive
Airdrie
Scotland
Lanarkshire
ML6 9XA



REGISTERED NUMBER: SC450359 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: Santander
84 Argyle Street
Glasgow
G2 8BQ

Mark Lambie Enterprises Limited (Registered number: SC450359)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,129 1,467

CURRENT ASSETS
Debtors 5 57,000 41,658
Cash at bank 9,721 21,395
66,721 63,053
CREDITORS
Amounts falling due within one year 6 31,345 30,907
NET CURRENT ASSETS 35,376 32,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,505

33,613

PROVISIONS FOR LIABILITIES 7 - 33
NET ASSETS 36,505 33,580

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 36,504 33,579
SHAREHOLDERS' FUNDS 36,505 33,580

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 January 2024 and were signed by:





M W Lambie - Director


Mark Lambie Enterprises Limited (Registered number: SC450359)

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

1. STATUTORY INFORMATION

Mark Lambie Enterprises Limited is a private company, limited by shares , registered in Scotland. 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 represents invoiced sales of services including value added tax. The company is using the value added tax flat rate scheme when accounting for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

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 3 (2022 - 3 ) .

Mark Lambie Enterprises Limited (Registered number: SC450359)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 400 4,645 5,045
Additions - 750 750
At 31 May 2023 400 5,395 5,795
DEPRECIATION
At 1 June 2022 400 3,178 3,578
Charge for year - 1,088 1,088
At 31 May 2023 400 4,266 4,666
NET BOOK VALUE
At 31 May 2023 - 1,129 1,129
At 31 May 2022 - 1,467 1,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 57,000 41,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 94 94
Taxation and social security 30,577 30,435
Other creditors 674 378
31,345 30,907

7. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax - 33

Deferred
tax
£   
Balance at 1 June 2022 33
Accelerated capital allowances (33 )
Balance at 31 May 2023 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1 Ordinary £1 1 1

Mark Lambie Enterprises Limited (Registered number: SC450359)

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

9. RESERVES
Retained
earnings
£   

At 1 June 2022 33,579
Profit for the year 70,925
Dividends (68,000 )
At 31 May 2023 36,504

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £68,000 (2022 - £46,500) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is M W Lambie.