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Company Registration No. 11442134 (England and Wales)
Ian Lamb Ltd Unaudited accounts for the year ended 31 July 2023
Ian Lamb Ltd Unaudited accounts Contents
Page
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Ian Lamb Ltd Company Information for the year ended 31 July 2023
Director
Ian Lamb
Company Number
11442134 (England and Wales)
Registered Office
1 Victoria Crescent Irsha Street Appledore Devon EX39 1RS
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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Ian Lamb Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,000 
8,000 
Tangible assets
1,316 
1,462 
8,316 
9,462 
Current assets
Debtors
4,666 
- 
Cash at bank and in hand
26,994 
39,082 
31,660 
39,082 
Creditors: amounts falling due within one year
(21,181)
(33,700)
Net current assets
10,479 
5,382 
Net assets
18,795 
14,844 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,695 
14,744 
Shareholders' funds
18,795 
14,844 
For the year ending 31 July 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 29 February 2024 and were signed on its behalf by
Ian Lamb Director Company Registration No. 11442134
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Ian Lamb Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Ian Lamb Ltd is a private company, limited by shares, registered in England and Wales, registration number 11442134. The registered office is 1 Victoria Crescent, Irsha Street, Appledore, Devon, EX39 1RS.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
10% Reducing Balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
12,000 
At 31 July 2023
12,000 
Amortisation
At 1 August 2022
4,000 
Charge for the year
1,000 
At 31 July 2023
5,000 
Net book value
At 31 July 2023
7,000 
At 31 July 2022
8,000 
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Ian Lamb Ltd Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
2,007 
At 31 July 2023
2,007 
Depreciation
At 1 August 2022
545 
Charge for the year
146 
At 31 July 2023
691 
Net book value
At 31 July 2023
1,316 
At 31 July 2022
1,462 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,666 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,237 
3,734 
Loans from directors
18,745 
29,067 
Accruals
1,199 
899 
21,181 
33,700 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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