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Registration number: 11677409

Lamont Energy Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Lamont Energy Services Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Lamont Energy Services Limited

Registration number: 11677409

Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,204

3,151

Other financial assets

5

135,649

76,499

 

136,853

79,650

Current assets

 

Debtors

6

828

700

Other financial assets

5

-

28,267

Cash at bank and in hand

 

1,664

39,077

 

2,492

68,044

Creditors: Amounts falling due within one year

7

(10,789)

(12,693)

Net current (liabilities)/assets

 

(8,297)

55,351

Total assets less current liabilities

 

128,556

135,001

Provisions for liabilities

-

(551)

Net assets

 

128,556

134,450

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

128,456

134,350

Shareholders' funds

 

128,556

134,450



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Lamont Energy Services Limited

Registration number: 11677409

Balance Sheet as at 30 November 2023 (continued)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 August 2024
 

M S Lamont
Director

   
     

 

Lamont Energy Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
466 Unthank Road
Norwich
Norfolk
NR4 7QJ
England

These financial statements were authorised for issue by the director on 24 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

Lamont Energy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government Grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, Government Grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Lamont Energy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Reducing balance

Financial instruments

Recognition and measurement
Debt instruments are measured at cost less impairment. They are derecognised when the contractual rights to the cash flows from the asset expire or are settled or are converted per the agreements.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Lamont Energy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

7,788

7,788

At 30 November 2023

7,788

7,788

Depreciation

At 1 December 2022

4,637

4,637

Charge for the year

1,947

1,947

At 30 November 2023

6,584

6,584

Carrying amount

At 30 November 2023

1,204

1,204

At 30 November 2022

3,151

3,151

 

Lamont Energy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 December 2022

76,499

76,499

Additions

59,150

59,150

At 30 November 2023

135,649

135,649

Carrying amount

At 30 November 2023

135,649

135,649

At 30 November 2022

76,499

76,499

6

Debtors

Current

2023
£

2022
£

Other debtors

828

700

 

828

700

 

Lamont Energy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

-

588

Other creditors

 

10,789

12,105

 

10,789

12,693

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A of £1 each

44

44

44

44

Ordinary B of £1 each

12

12

12

12

Ordinary C of £1 each

44

44

44

44

100

100

100

100