Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false15false2022-08-0117true 06141427 2022-08-01 2023-07-31 06141427 2023-07-31 06141427 2021-08-01 2022-07-31 06141427 2022-07-31 06141427 c:Director1 2022-08-01 2023-07-31 06141427 c:Director2 2022-08-01 2023-07-31 06141427 d:Buildings d:LongLeaseholdAssets 2022-08-01 2023-07-31 06141427 d:Buildings d:LongLeaseholdAssets 2023-07-31 06141427 d:Buildings d:LongLeaseholdAssets 2022-07-31 06141427 d:PlantMachinery 2022-08-01 2023-07-31 06141427 d:PlantMachinery 2023-07-31 06141427 d:PlantMachinery 2022-07-31 06141427 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06141427 d:FurnitureFittings 2022-08-01 2023-07-31 06141427 d:FurnitureFittings 2023-07-31 06141427 d:FurnitureFittings 2022-07-31 06141427 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06141427 d:ComputerEquipment 2022-08-01 2023-07-31 06141427 d:ComputerEquipment 2023-07-31 06141427 d:ComputerEquipment 2022-07-31 06141427 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06141427 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06141427 d:Goodwill 2022-08-01 2023-07-31 06141427 d:Goodwill 2023-07-31 06141427 d:Goodwill 2022-07-31 06141427 d:CurrentFinancialInstruments 2023-07-31 06141427 d:CurrentFinancialInstruments 2022-07-31 06141427 d:Non-currentFinancialInstruments 2023-07-31 06141427 d:Non-currentFinancialInstruments 2022-07-31 06141427 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06141427 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06141427 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 06141427 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 06141427 d:ShareCapital 2023-07-31 06141427 d:ShareCapital 2022-07-31 06141427 d:RetainedEarningsAccumulatedLosses 2023-07-31 06141427 d:RetainedEarningsAccumulatedLosses 2022-07-31 06141427 c:FRS102 2022-08-01 2023-07-31 06141427 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06141427 c:FullAccounts 2022-08-01 2023-07-31 06141427 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06141427 2 2022-08-01 2023-07-31 06141427 d:Goodwill d:OwnedIntangibleAssets 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 06141427













R & A Lampard Limited

Financial statements
Information for filing with the registrar

31 July 2023




 
R & A Lampard Limited


Balance sheet
At 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
176,250
198,750

Tangible assets
 5 
106,592
118,553

  
282,842
317,303

Current assets
  

Stocks
  
10,000
10,000

Debtors: amounts falling due within one year
 6 
54,663
17,237

Bank and cash balances
  
496,118
502,560

  
560,781
529,797

Creditors: amounts falling due within one year
 7 
(171,781)
(231,717)

Net current assets
  
 
 
389,000
 
 
298,080

Total assets less current liabilities
  
671,842
615,383

Creditors: amounts falling due after more than one year
 8 
(18,333)
(28,333)

Provisions for liabilities
  

Deferred tax
  
(21,691)
(12,743)

  
 
 
(21,691)
 
 
(12,743)

Net assets
  
631,818
574,307


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
631,816
574,305

Shareholders' funds
  
631,818
574,307


1

 
R & A Lampard Limited

    
Balance sheet (continued)
At 31 July 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 February 2024.




Daniel Joseph Woricker
Leesa Woricker
Director
Director

Registered number: 06141427
The notes on pages 3 to 8 form part of these financial statements. 

2

 
R & A Lampard Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of
the registered office is 3rd Floor, Citygate, St James Boulevard, Newcastle upon Tyne, NE1 4JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents private fees and capitation schemes income receivable during the period.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
R & A Lampard Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
R & A Lampard Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in
5

 
R & A Lampard Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 15).


4.


Intangible assets



Goodwill

£



Cost


At 1 August 2022
450,000



At 31 July 2023

450,000



Amortisation


At 1 August 2022
251,250


Charge for the year on owned assets
22,500



At 31 July 2023

273,750



Net book value



At 31 July 2023
176,250



6

 
R & A Lampard Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
60,852
240,871
24,308
18,081
344,112


Additions
-
4,058
-
1,559
5,617



At 31 July 2023

60,852
244,929
24,308
19,640
349,729



Depreciation


At 1 August 2022
2,934
186,616
21,128
14,881
225,559


Charge for the year on owned assets
1,217
14,409
795
1,157
17,578



At 31 July 2023

4,151
201,025
21,923
16,038
243,137



Net book value



At 31 July 2023
56,701
43,904
2,385
3,602
106,592


6.


Debtors

2023
2022
£
£


Trade debtors
19,303
17,237

Amounts owed by group undertakings
28,220
-

Other debtors
1,203
-

Prepayments and accrued income
5,937
-

54,663
17,237


7

 
R & A Lampard Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
16,882
12,303

Amounts owed to group undertakings
-
79,851

Corporation tax
60,293
83,907

Other taxation and social security
-
7,028

Other creditors
41,389
2,893

Accruals and deferred income
43,217
35,735

171,781
231,717



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,333
28,333

18,333
28,333



9.


Related party transactions

The company was under the control of D & L Woricker Ltd, a company registered in England and
Wales. D & L Woricker Ltd is the majority shareholder. 
R & A Lampard Limited transacted with D & L Woricker Ltd by way of an intercompany account. At 31 July 2023, R & A Lampard Limited was owed £28,220 by D & L Woricker Ltd (2022: £79,851 owed to D & L Woricker Ltd).

 
8