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
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
The Lamb Inn (Asquith) Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
83,590
54,149
Cash at bank and in hand
123,056
137,099
Creditors: amounts falling due within one year
(205,618)
(187,860)
Net current liabilities
(73,318)
(42,691)
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
The Lamb Inn (Asquith) Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
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
At 30 November 2023
49,919
33,671
83,590
At 30 November 2022
21,934
32,215
54,149
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
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).