THE LAMP ROOM LIMITED

Company Registration Number:
08232567 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

THE LAMP ROOM LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

THE LAMP ROOM LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 172,660 110,342
Total fixed assets: 172,660 110,342
Current assets
Debtors:   247,143 129,145
Cash at bank and in hand: 53,444 51,083
Total current assets: 300,587 180,228
Creditors: amounts falling due within one year:   (241,499) (167,792)
Net current assets (liabilities): 59,088 12,436
Total assets less current liabilities: 231,748 122,778
Creditors: amounts falling due after more than one year:   (138,088) (69,768)
Total net assets (liabilities): 93,660 53,010
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 93,560 52,910
Shareholders funds: 93,660 53,010

The notes form part of these financial statements

THE LAMP ROOM LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: M Wood
Status: Director

The notes form part of these financial statements

THE LAMP ROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows, Fixtures & Fittings at a rate of 15% straight line and Motor Vehicles at a rate of 25% straight line

Other accounting policies

Finance leases and hire purchase contracts Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

THE LAMP ROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 25 25

THE LAMP ROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 230,050
Additions 83,965
At 31 July 2024 314,015
Depreciation
At 01 August 2023 119,708
Charge for year 21,647
At 31 July 2024 141,355
Net book value
At 31 July 2024 172,660
At 31 July 2023 110,342

THE LAMP ROOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Related party transactions

The company was under the control of Mr & Mrs Wood throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.