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REGISTERED NUMBER: 06960499 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

GARY LAMBERT CONSTRUCTION LIMITED

GARY LAMBERT CONSTRUCTION LIMITED (REGISTERED NUMBER: 06960499)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GARY LAMBERT CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G Lambert
Mrs J L Lambert





SECRETARY: Mrs J L Lambert





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 06960499 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

GARY LAMBERT CONSTRUCTION LIMITED (REGISTERED NUMBER: 06960499)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,454,532 1,641,391

CURRENT ASSETS
Debtors 5 3,110,848 3,172,850
Cash at bank 143,053 178,612
3,253,901 3,351,462
CREDITORS
Amounts falling due within one year 6 (746,372 ) (709,659 )
NET CURRENT ASSETS 2,507,529 2,641,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,962,061

4,283,194

CREDITORS
Amounts falling due after more than one
year

7

(57,675

)

(31,136

)

PROVISIONS FOR LIABILITIES (194,474 ) (247,833 )
NET ASSETS 3,709,912 4,004,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,709,812 4,004,125
SHAREHOLDERS' FUNDS 3,709,912 4,004,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GARY LAMBERT CONSTRUCTION LIMITED (REGISTERED NUMBER: 06960499)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2025 and were signed on its behalf by:





G Lambert - Director


GARY LAMBERT CONSTRUCTION LIMITED (REGISTERED NUMBER: 06960499)

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

1. STATUTORY INFORMATION

Gary Lambert Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of on-going services is recognised by reference to the stage of completion when not invoiced on surveyed works.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

GARY LAMBERT CONSTRUCTION LIMITED (REGISTERED NUMBER: 06960499)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 337,009 2,187,293 2,524,302
Additions - 183,205 183,205
Disposals - (426,869 ) (426,869 )
At 30 April 2024 337,009 1,943,629 2,280,638
DEPRECIATION
At 1 May 2023 - 882,911 882,911
Charge for year - 173,245 173,245
Eliminated on disposal - (230,050 ) (230,050 )
At 30 April 2024 - 826,106 826,106
NET BOOK VALUE
At 30 April 2024 337,009 1,117,523 1,454,532
At 30 April 2023 337,009 1,304,382 1,641,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 803,337 1,292,597
Other debtors 2,307,511 1,880,253
3,110,848 3,172,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 790,289 487,594
Taxation and social security (49,058 ) 116,080
Other creditors 5,141 105,985
746,372 709,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 57,675 31,136

GARY LAMBERT CONSTRUCTION LIMITED (REGISTERED NUMBER: 06960499)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
G Lambert and Mrs J L Lambert
Balance outstanding at start of year 78,374 92,059
Amounts advanced 75,407 -
Amounts repaid - (13,685 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 153,781 78,374

9. RELATED PARTY DISCLOSURES

At the year end, included within other debtors are amounts in respect of loans to companies of which Mr G Lambert is a director and shareholder as follows;

£47,500 owed by G&T Homes Limited
£729,223 owed by Any Hire Limited
£156,652 owed by Gary Lambert Properties Limited
£8,000 owed by Clover Competitions Limited
£400 owed by G & T Property Lettings Limited
£843,720 owed by GALS Commercial Ltd
£166,890 owed by Snetterton Auto Services Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Lambert.

The ultimate controlling party is G Lambert.

The company was under the control of Mr G Lambert and Mrs J Lambert as holders of the share capital throughout the current and previous year.

The company operates a Loan account with the Directors and the balance as at 30 April 2024 was correctly stated at £153,782 overdrawn.

GARY LAMBERT CONSTRUCTION LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GARY LAMBERT CONSTRUCTION LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD


18 January 2025