Silverfin false false 29/02/2024 01/03/2023 29/02/2024 S R Day 30/09/2003 23 October 2024 The principal activity of the Company during the financial year was worktop manufacturing and laminate bonding. 04916450 2024-02-29 04916450 bus:Director1 2024-02-29 04916450 2023-02-28 04916450 core:CurrentFinancialInstruments 2024-02-29 04916450 core:CurrentFinancialInstruments 2023-02-28 04916450 core:Non-currentFinancialInstruments 2024-02-29 04916450 core:Non-currentFinancialInstruments 2023-02-28 04916450 core:ShareCapital 2024-02-29 04916450 core:ShareCapital 2023-02-28 04916450 core:RetainedEarningsAccumulatedLosses 2024-02-29 04916450 core:RetainedEarningsAccumulatedLosses 2023-02-28 04916450 core:PlantMachinery 2023-02-28 04916450 core:Vehicles 2023-02-28 04916450 core:FurnitureFittings 2023-02-28 04916450 core:ComputerEquipment 2023-02-28 04916450 core:PlantMachinery 2024-02-29 04916450 core:Vehicles 2024-02-29 04916450 core:FurnitureFittings 2024-02-29 04916450 core:ComputerEquipment 2024-02-29 04916450 2023-03-01 2024-02-29 04916450 bus:FilletedAccounts 2023-03-01 2024-02-29 04916450 bus:SmallEntities 2023-03-01 2024-02-29 04916450 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04916450 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04916450 bus:Director1 2023-03-01 2024-02-29 04916450 core:PlantMachinery 2023-03-01 2024-02-29 04916450 core:Vehicles core:TopRangeValue 2023-03-01 2024-02-29 04916450 core:FurnitureFittings 2023-03-01 2024-02-29 04916450 core:ComputerEquipment core:TopRangeValue 2023-03-01 2024-02-29 04916450 2022-03-01 2023-02-28 04916450 core:Vehicles 2023-03-01 2024-02-29 04916450 core:ComputerEquipment 2023-03-01 2024-02-29 04916450 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 04916450 (England and Wales)

LAMFORM LTD.

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

LAMFORM LTD.

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

LAMFORM LTD.

BALANCE SHEET

As at 29 February 2024
LAMFORM LTD.

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 49,087 56,654
49,087 56,654
Current assets
Stocks 4 13,500 13,500
Debtors 5 24,525 29,648
Cash at bank and in hand 7,448 13,421
45,473 56,569
Creditors: amounts falling due within one year 6 ( 72,887) ( 76,977)
Net current liabilities (27,414) (20,408)
Total assets less current liabilities 21,673 36,246
Creditors: amounts falling due after more than one year 7 ( 18,329) ( 27,193)
Net assets 3,344 9,053
Capital and reserves
Called-up share capital 2 2
Profit and loss account 3,342 9,051
Total shareholders' funds 3,344 9,053

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Lamform Ltd. (registered number: 04916450) were approved and authorised for issue by the Director on 23 October 2024. They were signed on its behalf by:

S R Day
Director
LAMFORM LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
LAMFORM LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lamform Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Uddens Trading Estate, Ferndown, Wimborne, BH21 7NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/ reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 10 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 March 2023 37,678 62,135 8,833 5,028 113,674
At 29 February 2024 37,678 62,135 8,833 5,028 113,674
Accumulated depreciation
At 01 March 2023 33,231 10,654 8,107 5,028 57,020
Charge for the financial year 1,112 6,274 181 0 7,567
At 29 February 2024 34,343 16,928 8,288 5,028 64,587
Net book value
At 29 February 2024 3,335 45,207 545 0 49,087
At 28 February 2023 4,447 51,481 726 0 56,654

4. Stocks

2024 2023
£ £
Stocks 13,500 13,500

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2024 2023
£ £
Trade debtors 23,162 23,845
Corporation tax 0 5,118
Other debtors 1,363 685
24,525 29,648

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,756 10,648
Trade creditors 38,419 39,772
Taxation and social security 9,751 11,243
Other creditors 14,961 15,314
72,887 76,977

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

2024 2023
£ £
Bank loans 18,329 27,193

There are no amounts included above in respect of which any security has been given by the small entity.