LAMBY AUTOMOTIVE PERFORMANCE LTD

Company Registration Number:
13150622 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

LAMBY AUTOMOTIVE PERFORMANCE LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

LAMBY AUTOMOTIVE PERFORMANCE LTD

Company Information

for the Period Ended 31 January 2024




Director: Jason Lamberton
Rhys Lamberton
Registered office: Mill Garage
26-28 Main Street
Caldecott
Rutland
GBR
LE16 8RS
Company Registration Number: 13150622 (England and Wales)

LAMBY AUTOMOTIVE PERFORMANCE LTD

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 49,305 -
Cost of sales ( 26,029 ) -
Gross Profit or (Loss) 23,276 -
Distribution Costs ( 301 ) -
Administrative Expenses ( 89,981 ) -
Operating Profit or (Loss) ( 67,006 ) -
Profit or (Loss) Before Tax ( 67,006 ) -
Profit or (Loss) for Period ( 67,006 ) -

The notes form part of these financial statements

LAMBY AUTOMOTIVE PERFORMANCE LTD

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 5,110 2,255
Total fixed assets: 5,110 2,255
Current assets
Stocks: 1
Debtors: 5 9,833 9,777
Cash at bank and in hand: 2,724 2,493
Total current assets: 12,557 12,271
Creditors: amounts falling due within one year: 6 ( 186,204 ) ( 140,719 )
Net current assets (liabilities): ( 173,647 ) ( 128,448 )
Total assets less current liabilities: ( 168,537 ) ( 126,193 )
Creditors: amounts falling due after more than one year: 7 ( 18,031 ) ( 7,509 )
Total net assets (liabilities): ( 186,568 ) ( 133,702 )

The notes form part of these financial statements

LAMBY AUTOMOTIVE PERFORMANCE LTD

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 186,569 ) ( 133,703 )
Shareholders funds: ( 186,568 ) ( 133,702 )

For the year ending 31 January 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 October 2024
And Signed On Behalf Of The Board By:

Name: Jason Lamberton
Status: Director

Name: Rhys Lamberton
Status: Director

The notes form part of these financial statements

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 0

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 February 2023 0 2,285 2,285
Additions 3,297 550 3,847
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 January 2024 3,297 2,835 6,132
Depreciation
At 01 February 2023 - 30 30
Charge for year 443 549 992
On disposals - - -
Other adjustments - - -
At 31 January 2024 443 579 1,022
Net book value
At 31 January 2024 2,854 2,256 5,110
At 31 January 2023 0 2,255 2,255

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 9,833 9,777
Total 9,833 9,777

Two invoices to be paid for tyres

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 33,096 67,574
Trade creditors 33,867 15,655
Taxation and social security 4,439 357
Other creditors 114,802 57,133
Total 186,204 140,719

Overdraft & Capital on Tap, plus directors loans

LAMBY AUTOMOTIVE PERFORMANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 18,031 7,509
Total 18,031 7,509

Directors expenses and loan