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Company Registration No. 09308561 (England and Wales)
The Lamb Inn (Asquith) Ltd Unaudited accounts for the year ended 30 November 2023
The Lamb Inn (Asquith) Ltd Unaudited accounts Contents
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The Lamb Inn (Asquith) Ltd Company Information for the year ended 30 November 2023
Directors
David Asquith Fiona Asquith
Company Number
09308561 (England and Wales)
Registered Office
Hayfield Road Chinley High Peak Derbyshire SK23 6AL
Accountants
Express Accounts 61 Albert Street Rugby CV21 2SN
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The Lamb Inn (Asquith) Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
83,590 
54,149 
Current assets
Inventories
9,244 
8,070 
Cash at bank and in hand
123,056 
137,099 
132,300 
145,169 
Creditors: amounts falling due within one year
(205,618)
(187,860)
Net current liabilities
(73,318)
(42,691)
Net assets
10,272 
11,458 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,270 
11,456 
Shareholders' funds
10,272 
11,458 
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
David Asquith Director Company Registration No. 09308561
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The Lamb Inn (Asquith) Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
The Lamb Inn (Asquith) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09308561. The registered office is Hayfield Road, Chinley, High Peak, Derbyshire, SK23 6AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following reducing balance rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
15%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
51,990 
57,200 
109,190 
Additions
44,625 
7,399 
52,024 
At 30 November 2023
96,615 
64,599 
161,214 
Depreciation
At 1 December 2022
30,056 
24,985 
55,041 
Charge for the year
16,640 
5,943 
22,583 
At 30 November 2023
46,696 
30,928 
77,624 
Net book value
At 30 November 2023
49,919 
33,671 
83,590 
At 30 November 2022
21,934 
32,215 
54,149 
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The Lamb Inn (Asquith) Ltd Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,333 
43,333 
Trade creditors
29,244 
37,363 
Taxes and social security
31,002 
27,977 
Loans from directors
112,039 
79,187 
205,618 
187,860 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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