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REGISTERED NUMBER: 05987638 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lambel Limited

Lambel Limited (Registered number: 05987638)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lambel Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs N Beaty
Mr G Beaty





SECRETARY: Mr G Beaty





REGISTERED OFFICE: 65 Irvin Avenue
Saltburn-By-The-Sea
Cleveland
TS12 1QP





REGISTERED NUMBER: 05987638 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Lambel Limited (Registered number: 05987638)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 332,400 323,400

CURRENT ASSETS
Stocks 11,000 10,000
Debtors 5 124,893 278
Cash at bank and in hand 149,312 313,737
285,205 324,015
CREDITORS
Amounts falling due within one year 6 116,936 186,486
NET CURRENT ASSETS 168,269 137,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,669

460,929

CREDITORS
Amounts falling due after more than one
year

7

(15,583

)

(25,656

)

PROVISIONS FOR LIABILITIES (6,000 ) (3,500 )
NET ASSETS 479,086 431,773

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 478,886 431,573
SHAREHOLDERS' FUNDS 479,086 431,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Lambel Limited (Registered number: 05987638)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mr G Beaty - Director


Lambel Limited (Registered number: 05987638)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lambel 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

The directors consider that freehold buildings are maintained in such a state of repair that their residual value is at least equal to their net book value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Lambel Limited (Registered number: 05987638)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings
Loans and borrowings 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 present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 December 2022 299,500 7,374 58,294
Additions - - 10,175
At 30 November 2023 299,500 7,374 68,469
DEPRECIATION
At 1 December 2022 - 62 56,859
Charge for year - 368 1,474
At 30 November 2023 - 430 58,333
NET BOOK VALUE
At 30 November 2023 299,500 6,944 10,136
At 30 November 2022 299,500 7,312 1,435

Lambel Limited (Registered number: 05987638)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 52,357 21,668 2,173 441,366
Additions 975 - 5,728 16,878
At 30 November 2023 53,332 21,668 7,901 458,244
DEPRECIATION
At 1 December 2022 51,804 9,001 240 117,966
Charge for year 219 4,334 1,483 7,878
At 30 November 2023 52,023 13,335 1,723 125,844
NET BOOK VALUE
At 30 November 2023 1,309 8,333 6,178 332,400
At 30 November 2022 553 12,667 1,933 323,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 124,893 278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,057 9,809
Trade creditors 10,181 16,446
Taxation and social security 60,089 66,650
Other creditors 36,609 93,581
116,936 186,486

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,583 25,656

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1 200 200