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REGISTERED NUMBER: 03561850 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

LAM PLAN INDUSTRIES LIMITED

LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 42,376 40,011

CURRENT ASSETS
Stocks 209,109 160,552
Debtors 6 153,592 206,330
Cash at bank and in hand 487,197 502,432
849,898 869,314
CREDITORS
Amounts falling due within one year 7 81,779 106,485
NET CURRENT ASSETS 768,119 762,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

810,495

802,840

PROVISIONS FOR LIABILITIES 9 10,463 9,863
NET ASSETS 800,032 792,977

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 799,932 792,877
SHAREHOLDERS' FUNDS 800,032 792,977

LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Mr J Broad - Director


LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Lam Plan Industries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03561850

Registered office: Unit 5
Pettings Court Farm
Hodsoll Street
Sevenoaks
Kent
TN15 7LH

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line
Equipment - 25% straight line

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 12,413 163,623 19,961
Additions - 800 137
Disposals - (1,900 ) -
At 30 September 2024 12,413 162,523 20,098
DEPRECIATION
At 1 October 2023 12,413 143,179 17,179
Charge for year - 6,145 1,166
Eliminated on disposal - (277 ) -
At 30 September 2024 12,413 149,047 18,345
NET BOOK VALUE
At 30 September 2024 - 13,476 1,753
At 30 September 2023 - 20,444 2,782

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 October 2023 31,559 28,783 256,339
Additions 34,914 - 35,851
Disposals (31,559 ) - (33,459 )
At 30 September 2024 34,914 28,783 258,731
DEPRECIATION
At 1 October 2023 16,437 27,120 216,328
Charge for year 8,728 702 16,741
Eliminated on disposal (16,437 ) - (16,714 )
At 30 September 2024 8,728 27,822 216,355
NET BOOK VALUE
At 30 September 2024 26,186 961 42,376
At 30 September 2023 15,122 1,663 40,011

LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 134,688 187,507
Directors' current accounts 5,705 944
Tax - 5,331
Prepayments and accrued income 13,199 12,548
153,592 206,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,822 88,372
Corporation tax 1,547 -
PAYE and social security 6,533 6,815
Pensions 1,020 1,012
VAT 5,719 6,311
Other creditors 335 429
Accruals and deferred income 3,803 3,546
81,779 106,485

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 12,175

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,463 9,863

Deferred
tax
£   
Balance at 1 October 2023 9,863
Provided during year 600
Balance at 30 September 2024 10,463

LAM PLAN INDUSTRIES LIMITED (REGISTERED NUMBER: 03561850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr J Broad
Balance outstanding at start of year 944 1,706
Amounts advanced 13,622 -
Amounts repaid (8,860 ) (762 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,706 944

Included in debtors is a director's overdrawn current account balance of £5,706 (2023: £944) This account is interest free and repayable on demand.