Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-0522023-04-06falseArchitectural activities2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03655711 2023-04-06 2024-04-05 03655711 2022-04-06 2023-04-05 03655711 2024-04-05 03655711 2023-04-05 03655711 2022-04-06 03655711 c:Director1 2023-04-06 2024-04-05 03655711 c:Director2 2023-04-06 2024-04-05 03655711 d:OfficeEquipment 2023-04-06 2024-04-05 03655711 d:OfficeEquipment 2024-04-05 03655711 d:OfficeEquipment 2023-04-05 03655711 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 03655711 d:CurrentFinancialInstruments 2024-04-05 03655711 d:CurrentFinancialInstruments 2023-04-05 03655711 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 03655711 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 03655711 d:ShareCapital 2024-04-05 03655711 d:ShareCapital 2023-04-05 03655711 d:RetainedEarningsAccumulatedLosses 2024-04-05 03655711 d:RetainedEarningsAccumulatedLosses 2023-04-05 03655711 c:FRS102 2023-04-06 2024-04-05 03655711 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 03655711 c:FullAccounts 2023-04-06 2024-04-05 03655711 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 03655711 d:AcceleratedTaxDepreciationDeferredTax 2024-04-05 03655711 d:AcceleratedTaxDepreciationDeferredTax 2023-04-05 03655711 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: 03655711










LAMAR EXELL DESIGN LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
LAMAR EXELL DESIGN LTD
REGISTERED NUMBER: 03655711

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,932
5,194

Current assets
  

Debtors: amounts falling due within one year
 5 
2,633
2,632

Cash at bank and in hand
  
27,159
28,374

  
29,792
31,006

Creditors: amounts falling due within one year
 6 
(2,611)
(3,100)

Net current assets
  
 
 
27,181
 
 
27,906

Total assets less current liabilities
  
32,113
33,100

Provisions for liabilities
  

Deferred tax
 7 
-
(987)

Net assets
  
32,113
32,113


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
31,963
31,963

  
32,113
32,113


Page 1

 
LAMAR EXELL DESIGN LTD
REGISTERED NUMBER: 03655711
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

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 income and retained earnings 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 12 August 2024.



C J Nutter
T J Nutter
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LAMAR EXELL DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Lamar Exell Design Limited is a private limited Company limited by shares, incorporated in England and Wales (Registration number: 03655711). Its registered office is 19 Foxcote Way, Walton, Chesterfield, Derbyshire, S42 7NP. The principal activity of the Company throughout the year continued to be that of the supply of architectural services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LAMAR EXELL DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.3

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. 

The depreciation rates used are:

Office equipment
-
10% 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 the Statement of Income and Retained Earnings. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

  
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.
 

Page 4

 
LAMAR EXELL DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price 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, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
LAMAR EXELL DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost 


At 6 April 2023
14,307


Additions
679


Disposals
(666)



At 5 April 2024

14,320



Depreciation


At 6 April 2023
9,113


Charge for the year on owned assets
661


Disposals
(386)



At 5 April 2024

9,388



Net book value



At 5 April 2024
4,932



At 5 April 2023
5,194


5.


Debtors

2024
2023
£
£


Prepayments
2,633
2,632


Page 6

 
LAMAR EXELL DESIGN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
299
837

Other taxation and social security
75
123

Other creditors
520
520

Accruals
1,717
1,620

2,611
3,100



7.


Deferred taxation




2024
2023


£

£






At beginning of year
987
1,120


Charged to profit or loss
(987)
(133)



At end of year
-
987

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
987


8.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £40,000 (2023 - £40,000).

 
Page 7