Company Registration No. 12087345 (England and Wales)
LAMBERT ENTERPRISES LTD
Unaudited accounts
for the year ended 31 July 2023
LAMBERT ENTERPRISES LTD
Unaudited accounts
Contents
LAMBERT ENTERPRISES LTD
Company Information
for the year ended 31 July 2023
Directors
V Lambert
S L Lambert
Company Number
12087345 (England and Wales)
Registered Office
White House Farm
Town Street
York
East Yorkshire
YO43 3PE
United Kingdom
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
LAMBERT ENTERPRISES LTD
Statement of financial position
as at 31 July 2023
Tangible assets
61,544
71,092
Cash at bank and in hand
49,556
52,226
Creditors: amounts falling due within one year
(39,940)
(62,488)
Net current assets/(liabilities)
31,476
(10,262)
Total assets less current liabilities
93,020
60,830
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
85,831
60,730
Shareholders' funds
85,931
60,830
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 directors acknowledge their 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 of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
V Lambert
Director
Company Registration No. 12087345
LAMBERT ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 July 2023
LAMBERT ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 12087345. The registered office is White House Farm, Town Street, York, East Yorkshire, YO43 3PE, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
5% on cost
Plant & machinery
20% on a straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2022
17,305
91,150
108,455
At 31 July 2023
27,355
91,150
118,505
At 1 August 2022
800
36,563
37,363
Charge for the year
1,368
18,230
19,598
At 31 July 2023
2,168
54,793
56,961
At 31 July 2023
25,187
36,357
61,544
At 31 July 2022
16,505
54,587
71,092
LAMBERT ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
12,597
13,080
Other creditors
15,225
37,925
Loans from directors
2,880
2,760
Deferred income
8,080
7,423
7
Transactions with related parties
During the year rent was payable to a company, S&V Properties Ltd (company number : 08650675) which has the same directors and shareholders.
The amount of rent was £6,000 (2022 : £6,000). The amount owing to S&V Properties Ltd at the year end was £5,500 (2022:£0).
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Average number of employees
During the year the average number of employees was 0 (2022: 0).