2023-02-012024-01-312024-01-31false11800638LAMBERT NE LTD2024-10-3047110iso4217:GBPxbrli:pure118006382023-02-01118006382024-01-31118006382023-02-012024-01-31118006382022-02-01118006382023-01-31118006382022-02-012023-01-3111800638bus:SmallEntities2023-02-012024-01-3111800638bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3111800638bus:FullAccounts2023-02-012024-01-3111800638bus:PrivateLimitedCompanyLtd2023-02-012024-01-3111800638core:WithinOneYear2024-01-3111800638core:AfterOneYear2024-01-3111800638core:WithinOneYear2023-01-3111800638core:AfterOneYear2023-01-3111800638core:ShareCapital2024-01-3111800638core:SharePremium2024-01-3111800638core:RevaluationReserve2024-01-3111800638core:OtherReservesSubtotal2024-01-3111800638core:RetainedEarningsAccumulatedLosses2024-01-3111800638core:ShareCapital2023-01-3111800638core:SharePremium2023-01-3111800638core:RevaluationReserve2023-01-3111800638core:OtherReservesSubtotal2023-01-3111800638core:RetainedEarningsAccumulatedLosses2023-01-3111800638core:LandBuildings2024-01-3111800638core:PlantMachinery2024-01-3111800638core:Vehicles2024-01-3111800638core:FurnitureFittings2024-01-3111800638core:OfficeEquipment2024-01-3111800638core:NetGoodwill2024-01-3111800638core:IntangibleAssetsOtherThanGoodwill2024-01-3111800638core:ListedExchangeTraded2024-01-3111800638core:UnlistedNon-exchangeTraded2024-01-3111800638core:LandBuildings2023-01-3111800638core:PlantMachinery2023-01-3111800638core:Vehicles2023-01-3111800638core:FurnitureFittings2023-01-3111800638core:OfficeEquipment2023-01-3111800638core:NetGoodwill2023-01-3111800638core:IntangibleAssetsOtherThanGoodwill2023-01-3111800638core:ListedExchangeTraded2023-01-3111800638core:UnlistedNon-exchangeTraded2023-01-3111800638core:LandBuildings2023-02-012024-01-3111800638core:PlantMachinery2023-02-012024-01-3111800638core:Vehicles2023-02-012024-01-3111800638core:FurnitureFittings2023-02-012024-01-3111800638core:OfficeEquipment2023-02-012024-01-3111800638core:NetGoodwill2023-02-012024-01-3111800638core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111800638core:ListedExchangeTraded2023-02-012024-01-3111800638core:UnlistedNon-exchangeTraded2023-02-012024-01-3111800638core:MoreThanFiveYears2023-02-012024-01-3111800638core:Non-currentFinancialInstruments2024-01-3111800638core:Non-currentFinancialInstruments2023-01-3111800638dpl:CostSales2023-02-012024-01-3111800638dpl:DistributionCosts2023-02-012024-01-3111800638core:LandBuildings2023-02-012024-01-3111800638core:PlantMachinery2023-02-012024-01-3111800638core:Vehicles2023-02-012024-01-3111800638core:FurnitureFittings2023-02-012024-01-3111800638core:OfficeEquipment2023-02-012024-01-3111800638dpl:AdministrativeExpenses2023-02-012024-01-3111800638core:NetGoodwill2023-02-012024-01-3111800638core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3111800638dpl:GroupUndertakings2023-02-012024-01-3111800638dpl:ParticipatingInterests2023-02-012024-01-3111800638dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3111800638core:ListedExchangeTraded2023-02-012024-01-3111800638dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3111800638core:UnlistedNon-exchangeTraded2023-02-012024-01-3111800638dpl:CostSales2022-02-012023-01-3111800638dpl:DistributionCosts2022-02-012023-01-3111800638core:LandBuildings2022-02-012023-01-3111800638core:PlantMachinery2022-02-012023-01-3111800638core:Vehicles2022-02-012023-01-3111800638core:FurnitureFittings2022-02-012023-01-3111800638core:OfficeEquipment2022-02-012023-01-3111800638dpl:AdministrativeExpenses2022-02-012023-01-3111800638core:NetGoodwill2022-02-012023-01-3111800638core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3111800638dpl:GroupUndertakings2022-02-012023-01-3111800638dpl:ParticipatingInterests2022-02-012023-01-3111800638dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3111800638core:ListedExchangeTraded2022-02-012023-01-3111800638dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3111800638core:UnlistedNon-exchangeTraded2022-02-012023-01-3111800638core:NetGoodwill2024-01-3111800638core:IntangibleAssetsOtherThanGoodwill2024-01-3111800638core:LandBuildings2024-01-3111800638core:PlantMachinery2024-01-3111800638core:Vehicles2024-01-3111800638core:FurnitureFittings2024-01-3111800638core:OfficeEquipment2024-01-3111800638core:AfterOneYear2024-01-3111800638core:WithinOneYear2024-01-3111800638core:ListedExchangeTraded2024-01-3111800638core:UnlistedNon-exchangeTraded2024-01-3111800638core:ShareCapital2024-01-3111800638core:SharePremium2024-01-3111800638core:RevaluationReserve2024-01-3111800638core:OtherReservesSubtotal2024-01-3111800638core:RetainedEarningsAccumulatedLosses2024-01-3111800638core:NetGoodwill2023-01-3111800638core:IntangibleAssetsOtherThanGoodwill2023-01-3111800638core:LandBuildings2023-01-3111800638core:PlantMachinery2023-01-3111800638core:Vehicles2023-01-3111800638core:FurnitureFittings2023-01-3111800638core:OfficeEquipment2023-01-3111800638core:AfterOneYear2023-01-3111800638core:WithinOneYear2023-01-3111800638core:ListedExc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LAMBERT NE LTD

Registered Number
11800638
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

LAMBERT NE LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

LAMBERT, Nicola Jane
LAMBERT, Steven John

Registered Address

Swallow Barn
Cumwhinton
Carlisle
CA4 8ER

Registered Number

11800638 (England and Wales)
LAMBERT NE LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets39,15018,300
Tangible assets4194,622109,163
203,772127,463
Current assets
Stocks58,5008,500
Debtors641,6012,378
Cash at bank and on hand111,15953,965
161,26064,843
Creditors amounts falling due within one year7(150,832)(102,920)
Net current assets (liabilities)10,428(38,077)
Total assets less current liabilities214,20089,386
Creditors amounts falling due after one year8(213,029)(52,693)
Net assets1,17136,693
Capital and reserves
Called up share capital100100
Profit and loss account1,07136,593
Shareholders' funds1,17136,693
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by:
LAMBERT, Steven John
Director
Registered Company No. 11800638
LAMBERT NE LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings10
Plant and machinery5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1914
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 February 2345,75045,750
At 31 January 2445,75045,750
Amortisation and impairment
At 01 February 2327,45027,450
Charge for year9,1509,150
At 31 January 2436,60036,600
Net book value
At 31 January 249,1509,150
At 31 January 2318,30018,300
4.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 February 23129,50879,228208,736
Additions110,0001,366111,366
At 31 January 24239,50880,594320,102
Depreciation and impairment
At 01 February 2325,90273,67199,573
Charge for year23,9511,95625,907
At 31 January 2449,85375,627125,480
Net book value
At 31 January 24189,6554,967194,622
At 31 January 23103,6065,557109,163
5.Stocks

2024

2023

££
Other stocks8,5008,500
Total8,5008,500
6.Debtors: amounts due within one year

2024

2023

££
Other debtors32,2862,378
Prepayments and accrued income9,315-
Total41,6012,378
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables95,17829,631
Bank borrowings and overdrafts36,6372,304
Taxation and social security18,94443,528
Other creditors7327,457
Total150,832102,920
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts213,02952,693
Total213,02952,693
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
LAMBERT, Steven John050,88938,81912,070
LAMBERT, Nicola Jane050,88838,81912,069
0101,77777,63824,139
The above loans are unsecured, interest is chargeable at 2.25% and repayable on demand.
10.Related party transactions
The company paid a dividend of £26,750 to Mr S Lambert and £26,750 to Mrs N Lambert, Directors of the company.