Company Registration No. 05810404 (England and Wales)
LAMPTARGET LIMITED
Unaudited accounts
for the year ended 31 May 2024
LAMPTARGET LIMITED
Unaudited accounts
Contents
LAMPTARGET LIMITED
Company Information
for the year ended 31 May 2024
Company Number
05810404 (England and Wales)
Registered Office
9 MARLBOROUGH AVENUE
RUISLIP
MIDDLESEX
HA4 7NS
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
LAMPTARGET LIMITED
Statement of financial position
as at 31 May 2024
Investment property
-
510,000
Cash at bank and in hand
713,331
228,351
Creditors: amounts falling due within one year
(36,950)
(3,506)
Net current assets
676,381
224,845
Total assets less current liabilities
676,381
734,845
Creditors: amounts falling due after more than one year
(473,050)
(471,550)
Provisions for liabilities
Net assets
203,331
225,794
Called up share capital
1
1
Revaluation reserve
-
164,115
Profit and loss account
203,330
61,678
Shareholders' funds
203,331
225,794
For the year ending 31 May 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 11 February 2025 and were signed on its behalf by
G Phillips
Director
Company Registration No. 05810404
LAMPTARGET LIMITED
Notes to the Accounts
for the year ended 31 May 2024
LAMPTARGET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05810404. The registered office is 9 MARLBOROUGH AVENUE, RUISLIP, MIDDLESEX, HA4 7NS.
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 rents receivable excluding VAT. Turnover is recognised in accordance with the rent due under lease agreements.
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the income statement. Deferred tax is provided against these movements.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 section 11.
Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost.
Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
LAMPTARGET LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Fair value at 1 June 2023
510,000
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
33,923
-
Loans from directors
1,767
1,506
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
473,050
471,550
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).