Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09355783 Mr M J Revell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09355783 2022-12-31 09355783 2023-12-31 09355783 2023-01-01 2023-12-31 09355783 frs-core:CapitalRedemptionReserve 2023-12-31 09355783 frs-core:ShareCapital 2023-12-31 09355783 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09355783 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09355783 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 09355783 frs-bus:SmallEntities 2023-01-01 2023-12-31 09355783 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09355783 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09355783 frs-bus:Director1 2023-01-01 2023-12-31 09355783 frs-bus:Director1 2022-12-31 09355783 frs-bus:Director1 2023-12-31 09355783 frs-countries:EnglandWales 2023-01-01 2023-12-31 09355783 2021-12-31 09355783 2022-12-31 09355783 2022-01-01 2022-12-31 09355783 frs-core:CapitalRedemptionReserve 2022-12-31 09355783 frs-core:ShareCapital 2022-12-31 09355783 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09355783
Lamy Enterprises Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—7
Page 1
Company Information
Director Mr M J Revell
Company Number 09355783
Registered Office C/O Lee Christian & Co Ltd
Suite 222 Cuffley Point, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
Accountants Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
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Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Lamy Enterprises Ltd for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lamy Enterprises Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Lamy Enterprises Ltd , as a body, in accordance with our terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Lamy Enterprises Ltd and state those matters that we have agreed to state to the director of Lamy Enterprises Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lamy Enterprises Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Lamy Enterprises Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lamy Enterprises Ltd . You consider that Lamy Enterprises Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lamy Enterprises Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12th September 2024
Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
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Page 3
Abridged Balance Sheet
Registered number: 09355783
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 167,709 264,129
Cash at bank and in hand 101,010 26,744
268,719 290,873
Creditors: Amounts Falling Due Within One Year (213,670 ) (215,480 )
NET CURRENT ASSETS (LIABILITIES) 55,049 75,393
TOTAL ASSETS LESS CURRENT LIABILITIES 55,049 75,393
NET ASSETS 55,049 75,393
CAPITAL AND RESERVES
Called up share capital 4 120 120
Capital redemption reserve 120 120
Profit and Loss Account 54,809 75,153
SHAREHOLDERS' FUNDS 55,049 75,393
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr M J Revell
Director
12th September 2024
The notes on pages 5 to 7 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Lamy Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09355783 . The registered office is C/O Lee Christian & Co Ltd, Suite 222 Cuffley Point, Sopers Road, Cuffley, Hertfordshire, EN6 4RY.
The presentation currency of the accounts is in Pound Sterling (£).
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts, other sales taxes and value added tax.
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.
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2.5. Taxation
Taxaion for the year comprises the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.7. Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.8. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense in the period in which they are incurred.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 120 120
5. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Matthew Revell - 533,172 529,145 - -
The above loans are unsecured and repayable on demand. Where applicable interest has been charged on these loans by the company at the average official rate of interest.
6. Liability Limitation Agreement With The Accountant
The company has entered into a liability limitation agreement with the accountants Lee Christian & Co Limited in respect of advice given and the preparation of any financial statements. The liability agreement strictly restricts the liability of Lee Christian & Co Limited solely to   Lamy Enterprises Ltd (the company) and further restricts the liability of Lee Christian & Co Limited to the company in accordance with the Lee Christian & Co Limited engagement letter and terms and conditions.
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