Company Registration No. SC508363 (Scotland)
LAM Forestry Limited
Unaudited accounts
for the year ended 31 December 2024
LAM Forestry Limited
Unaudited accounts
Contents
LAM Forestry Limited
Company Information
for the year ended 31 December 2024
Directors
Graham Lockhart Allen
Amy Frances Allen
Company Number
SC508363 (Scotland)
Registered Office
5 GILLSLAND ROAD
EDINBURGH
EH10 5BW
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
LAM Forestry Limited
Statement of financial position
as at 31 December 2024
Tangible assets
13,058
12,366
Cash at bank and in hand
36,688
30,610
Creditors: amounts falling due within one year
(12,156)
(16,291)
Net current assets
24,532
14,319
Total assets less current liabilities
37,590
26,685
Creditors: amounts falling due after more than one year
(5,250)
(13,750)
Called up share capital
2
2
Profit and loss account
32,338
12,933
Shareholders' funds
32,340
12,935
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by
Graham Lockhart Allen
Director
Company Registration No. SC508363
LAM Forestry Limited
Notes to the Accounts
for the year ended 31 December 2024
LAM Forestry Limited is a private company, limited by shares, registered in Scotland, registration number SC508363. The registered office is 5 GILLSLAND ROAD, EDINBURGH, EH10 5BW, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
12,995
4,925
17,920
At 31 December 2024
12,995
10,270
23,265
At 1 January 2024
2,599
2,955
5,554
Charge for the year
2,599
2,054
4,653
At 31 December 2024
5,198
5,009
10,207
At 31 December 2024
7,797
5,261
13,058
At 31 December 2023
10,396
1,970
12,366
LAM Forestry Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,500
7,500
Taxes and social security
-
1,991
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 4).