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REGISTERED NUMBER: 03776882 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lanham and Company Limited

Lanham and Company Limited (Registered number: 03776882)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lanham and Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H C Lanham FCA
S J Wakefield FCA
A P Ireland FCCA





SECRETARY: S J Wakefield FCA





REGISTERED OFFICE: 9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 03776882 (England and Wales)

Lanham and Company Limited (Registered number: 03776882)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 224,388 153,588
226,388 156,588

CURRENT ASSETS
Debtors 6 146,994 155,306
Cash at bank 168,942 171,638
315,936 326,944
CREDITORS
Amounts falling due within one year 7 110,105 119,968
NET CURRENT ASSETS 205,831 206,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,219

363,564

CREDITORS
Amounts falling due after more than one
year

8

(61,129

)

-

PROVISIONS FOR LIABILITIES 10 (23,995 ) (3,806 )
NET ASSETS 347,095 359,758

CAPITAL AND RESERVES
Called up share capital 11 11,673 11,673
Capital redemption reserve 175,008 175,008
Retained earnings 160,414 173,077
SHAREHOLDERS' FUNDS 347,095 359,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Lanham and Company Limited (Registered number: 03776882)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:





S J Wakefield FCA - Director


Lanham and Company Limited (Registered number: 03776882)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lanham and Company 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 and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the supply of accountancy services is recognised when the service is performed and the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 2.5% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 25% on cost, 20% on cost, 20% on reducing balance and 10% on cost

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from such treatment.


Lanham and Company Limited (Registered number: 03776882)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 207,000
AMORTISATION
At 1 April 2023 204,000
Charge for year 1,000
At 31 March 2024 205,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 3,000

Lanham and Company Limited (Registered number: 03776882)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 187,841 95,466 283,307
Additions - 83,824 83,824
Disposals - (4,649 ) (4,649 )
At 31 March 2024 187,841 174,641 362,482
DEPRECIATION
At 1 April 2023 60,864 68,855 129,719
Charge for year 3,596 9,428 13,024
Eliminated on disposal - (4,649 ) (4,649 )
At 31 March 2024 64,460 73,634 138,094
NET BOOK VALUE
At 31 March 2024 123,381 101,007 224,388
At 31 March 2023 126,977 26,611 153,588

Included in cost of land and buildings is freehold land of £ 44,000 (2023 - £ 44,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 79,889
At 31 March 2024 79,889
DEPRECIATION
Charge for year 892
At 31 March 2024 892
NET BOOK VALUE
At 31 March 2024 78,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 59,997 63,068
Amounts recoverable on contract 65,900 59,300
Other debtors 21,097 32,938
146,994 155,306

Lanham and Company Limited (Registered number: 03776882)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 9,850 -
Trade creditors 13,824 26,680
Taxation and social security 68,775 79,529
Other creditors 17,656 13,759
110,105 119,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 9) 61,129 -

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 9,850 -
Between one and five years 61,129 -
70,979 -

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 23,995 3,806

Deferred
tax
£   
Balance at 1 April 2023 3,806
Charge to Statement of Income and Retained Earnings during year 20,189
Balance at 31 March 2024 23,995

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,081,698 "D" Ordinary 1p 10,817 10,817
85,602 "E" Ordinary 1p 856 856
11,673 11,673