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REGISTERED NUMBER: 07148673 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29TH FEBRUARY 2024

FOR

LAMABUILD LIMITED

LAMABUILD LIMITED (REGISTERED NUMBER: 07148673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAMABUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: L A Alves
Mrs M E Alves





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 07148673 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

LAMABUILD LIMITED (REGISTERED NUMBER: 07148673)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,778 79,884

CURRENT ASSETS
Stocks 31,192 65,405
Debtors 5 56,572 135,422
Cash at bank and in hand 543,224 459,443
630,988 660,270
CREDITORS
Amounts falling due within one year 6 42,399 58,223
NET CURRENT ASSETS 588,589 602,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,367

681,931

PROVISIONS FOR LIABILITIES 16,110 15,178
NET ASSETS 638,257 666,753

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 638,255 666,751
SHAREHOLDERS' FUNDS 638,257 666,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LAMABUILD LIMITED (REGISTERED NUMBER: 07148673)

BALANCE SHEET - continued
29TH FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2024 and were signed on its behalf by:




L A Alves - Director



Mrs M E Alves - Director


LAMABUILD LIMITED (REGISTERED NUMBER: 07148673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Lamabuild Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LAMABUILD LIMITED (REGISTERED NUMBER: 07148673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 3,415 144,540 147,955
Additions - 8,000 8,000
Disposals - (16,875 ) (16,875 )
At 29th February 2024 3,415 135,665 139,080
DEPRECIATION
At 1st March 2023 3,415 64,656 68,071
Charge for year - 20,971 20,971
Eliminated on disposal - (15,740 ) (15,740 )
At 29th February 2024 3,415 69,887 73,302
NET BOOK VALUE
At 29th February 2024 - 65,778 65,778
At 28th February 2023 - 79,884 79,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,067 99,464
Other debtors 35,505 35,958
56,572 135,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,845 10,637
Taxation and social security 22,964 32,621
Other creditors 14,590 14,965
42,399 58,223

7. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - -

LAMABUILD LIMITED (REGISTERED NUMBER: 07148673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr L.A. Alves and Mrs M.E. Alves