Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activityfalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32023-04-01true3 SC279048 2023-04-01 2024-03-31 SC279048 2022-04-01 2023-03-31 SC279048 2024-03-31 SC279048 2023-03-31 SC279048 c:CompanySecretary1 2023-04-01 2024-03-31 SC279048 c:Director1 2023-04-01 2024-03-31 SC279048 c:Director2 2023-04-01 2024-03-31 SC279048 c:Director3 2023-04-01 2024-03-31 SC279048 c:RegisteredOffice 2023-04-01 2024-03-31 SC279048 d:CurrentFinancialInstruments 2024-03-31 SC279048 d:CurrentFinancialInstruments 2023-03-31 SC279048 d:Non-currentFinancialInstruments 2024-03-31 SC279048 d:Non-currentFinancialInstruments 2023-03-31 SC279048 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC279048 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC279048 d:ShareCapital 2024-03-31 SC279048 d:ShareCapital 2023-03-31 SC279048 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC279048 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC279048 c:FRS102 2023-04-01 2024-03-31 SC279048 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC279048 c:FullAccounts 2023-04-01 2024-03-31 SC279048 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC279048 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SC279048










J & WJ LAMB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
J & WJ LAMB LIMITED
 

COMPANY INFORMATION


DIRECTORS
William M Lamb 
Stephen Lamb 
Colin Lamb 




COMPANY SECRETARY
William M Lamb



REGISTERED NUMBER
SC279048



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J & WJ LAMB LIMITED
REGISTERED NUMBER: SC279048

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

  

CURRENT ASSETS
  

Debtors
 4 
255,221
259,976

Creditors: amounts falling due within one year
 5 
(835)
(4,810)

NET CURRENT ASSETS
  
 
 
254,386
 
 
255,166

TOTAL ASSETS LESS CURRENT LIABILITIES
  
254,386
255,166

  

NET ASSETS
  
254,386
255,166


CAPITAL AND RESERVES
  

Called up share capital 
  
3
3

Profit and loss account
  
254,383
255,163

  
254,386
255,166


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2024.




William M Lamb
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
J & WJ LAMB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

J & WJ Lamb Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC279048.  The registered office is Westby, 64 West High Street, Forfar, Tayside, DD8 1BJ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
J & WJ LAMB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


DEBTORS

2024
2023
£
£

DUE AFTER MORE THAN ONE YEAR

Capital account in related partnership of J & WJ Lamb
235,000
235,000

DUE WITHIN ONE YEAR

Current account in related partnership of J & WJ Lamb
20,221
24,976

255,221
259,976



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Accruals and deferred income
835
4,810

835
4,810



Page 3