Acorah Software Products - Accounts Production 15.0.600 false true false 3 February 2023 28 February 2024 28 February 2024 14637706 Mr James Lamb Mr Matthew Lamb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14637706 2023-02-02 14637706 2024-02-28 14637706 2023-02-03 2024-02-28 14637706 frs-core:CurrentFinancialInstruments 2024-02-28 14637706 frs-core:Non-currentFinancialInstruments 2024-02-28 14637706 frs-core:BetweenOneFiveYears 2024-02-28 14637706 frs-core:ComputerEquipment 2024-02-28 14637706 frs-core:ComputerEquipment 2023-02-03 2024-02-28 14637706 frs-core:ComputerEquipment 2023-02-02 14637706 frs-core:MotorVehicles 2024-02-28 14637706 frs-core:MotorVehicles 2023-02-03 2024-02-28 14637706 frs-core:MotorVehicles 2023-02-02 14637706 frs-core:WithinOneYear 2024-02-28 14637706 frs-core:ShareCapital 2024-02-28 14637706 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14637706 frs-bus:PrivateLimitedCompanyLtd 2023-02-03 2024-02-28 14637706 frs-bus:FilletedAccounts 2023-02-03 2024-02-28 14637706 frs-bus:SmallEntities 2023-02-03 2024-02-28 14637706 frs-bus:AuditExempt-NoAccountantsReport 2023-02-03 2024-02-28 14637706 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-03 2024-02-28 14637706 frs-bus:Director1 2023-02-03 2024-02-28 14637706 frs-bus:Director2 2023-02-03 2024-02-28 14637706 frs-countries:EnglandWales 2023-02-03 2024-02-28
Registered number: 14637706
Lamb Brothers Ltd
Unaudited Financial Statements
For the Period 3 February 2023 to 28 February 2024
HMA Accountancy Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14637706
28 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 165,653
165,653
CURRENT ASSETS
Debtors 5 45,586
Cash at bank and in hand 8,594
54,180
Creditors: Amounts Falling Due Within One Year 6 (118,884 )
NET CURRENT ASSETS (LIABILITIES) (64,704 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,949
Creditors: Amounts Falling Due After More Than One Year 7 (75,800 )
NET ASSETS 25,149
CAPITAL AND RESERVES
Called up share capital 9 2
Profit and Loss Account 25,147
SHAREHOLDERS' FUNDS 25,149
Page 1
Page 2
For the period ending 28 February 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Lamb
Director
Mr Matthew Lamb
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lamb Brothers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14637706 . The registered office is Flat D, 20 Woodcote Road, Wallington, Surrey, SM6 0NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 4 years
Computer Equipment 4 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 3 February 2023 - - -
Additions 180,427 226 180,653
As at 28 February 2024 180,427 226 180,653
Depreciation
As at 3 February 2023 - - -
Provided during the period 14,944 56 15,000
As at 28 February 2024 14,944 56 15,000
Net Book Value
As at 28 February 2024 165,483 170 165,653
As at 3 February 2023 - - -
Page 3
Page 4
5. Debtors
28 February 2024
£
Due within one year
Trade debtors 28,190
Other debtors 17,396
45,586
6. Creditors: Amounts Falling Due Within One Year
28 February 2024
£
Net obligations under finance lease and hire purchase contracts 30,000
Trade creditors 1
Other loans 4,800
Other creditors 81,521
Taxation and social security 2,562
118,884
7. Creditors: Amounts Falling Due After More Than One Year
28 February 2024
£
Net obligations under finance lease and hire purchase contracts 75,000
Other loans 800
75,800
8. Obligations Under Finance Leases and Hire Purchase
28 February 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 30,000
Later than one year and not later than five years 75,000
105,000
105,000
9. Share Capital
28 February 2024
£
Allotted, Called up and fully paid 2
Page 4