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
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
Lambert Labs Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
5,128
3,700
Cash at bank and in hand
434,278
314,408
Creditors: amounts falling due within one year
(227,058)
(90,938)
Net current assets
341,487
288,584
Net assets
346,615
292,284
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
Lambert Labs Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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 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
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.
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.
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
At 30 April 2024
1,745
21,900
23,645
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
At 30 April 2024
41
5,087
5,128
At 30 April 2023
56
3,644
3,700
Amounts falling due within one year
Trade debtors
133,787
60,440
Accrued income and prepayments
-
4,674
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
82,356
7,026
Taxes and social security
65,010
49,299
Other creditors
47,648
4,265
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).