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Company Registration No. 10709468 (England and Wales)
Lambert Labs Ltd Unaudited accounts for the year ended 30 April 2024
Lambert Labs Ltd Unaudited accounts Contents
Page
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Lambert Labs Ltd Company Information for the year ended 30 April 2024
Director
Mr George Lambert
Company Number
10709468 (England and Wales)
Registered Office
19 Milestone Road London SE19 2LL
Accountants
Sleek Accounting Ltd 205 Regent Street 4th Floor London W1B 4HB
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Lambert Labs Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,128 
3,700 
Current assets
Debtors
134,267 
65,114 
Cash at bank and in hand
434,278 
314,408 
568,545 
379,522 
Creditors: amounts falling due within one year
(227,058)
(90,938)
Net current assets
341,487 
288,584 
Net assets
346,615 
292,284 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
346,614 
292,283 
Shareholders' funds
346,615 
292,284 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 29 January 2025 and were signed on its behalf by
Mr George Lambert Director Company Registration No. 10709468
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Lambert Labs Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Lambert Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 10709468. The registered office is 19 Milestone Road, London, SE19 2LL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% reducing balance
Computer equipment
33% straight line
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Lambert Labs Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
1,745 
17,914 
19,659 
Additions
- 
3,986 
3,986 
At 30 April 2024
1,745 
21,900 
23,645 
Depreciation
At 1 May 2023
1,689 
14,270 
15,959 
Charge for the year
15 
2,543 
2,558 
At 30 April 2024
1,704 
16,813 
18,517 
Net book value
At 30 April 2024
41 
5,087 
5,128 
At 30 April 2023
56 
3,644 
3,700 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
133,787 
60,440 
Accrued income and prepayments
- 
4,674 
Other debtors
480 
- 
134,267 
65,114 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
32,044 
30,348 
Trade creditors
82,356 
7,026 
Taxes and social security
65,010 
49,299 
Other creditors
47,648 
4,265 
227,058 
90,938 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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