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REGISTERED NUMBER: 04721051 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LAMSON LIMITED

LAMSON LIMITED (REGISTERED NUMBER: 04721051)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAMSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S K Lam





SECRETARY: Mrs S M Lam





REGISTERED OFFICE: 4 Ellenbrook Green
Ipswich
Suffolk
IP2 9RR





REGISTERED NUMBER: 04721051 (England and Wales)





ACCOUNTANTS: Connah Goldsworthy
Chartered Certified Accountants
12 Station Court
Station Approach
Wickford
Essex
SS11 7AT

LAMSON LIMITED (REGISTERED NUMBER: 04721051)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,608 3,875

CURRENT ASSETS
Stocks 40,000 45,000
Debtors 5 1,051,385 947,856
Cash at bank and in hand 706,371 589,234
1,797,756 1,582,090
CREDITORS
Amounts falling due within one year 6 270,754 222,941
NET CURRENT ASSETS 1,527,002 1,359,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,530,610

1,363,024

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 1,530,510 1,362,924
SHAREHOLDERS' FUNDS 1,530,610 1,363,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2025 and were signed by:





S K Lam - Director


LAMSON LIMITED (REGISTERED NUMBER: 04721051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Lamson 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 61,896 16,598 2,323 80,817
Additions - - 1,068 1,068
At 31 March 2024 61,896 16,598 3,391 81,885
DEPRECIATION
At 1 April 2023 58,657 16,151 2,134 76,942
Charge for year 809 111 415 1,335
At 31 March 2024 59,466 16,262 2,549 78,277
NET BOOK VALUE
At 31 March 2024 2,430 336 842 3,608
At 31 March 2023 3,239 447 189 3,875

LAMSON LIMITED (REGISTERED NUMBER: 04721051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 121,207 125,205
Amounts owed by group undertakings 891,992 786,852
Other debtors 38,186 35,799
1,051,385 947,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 210,096 185,718
Taxation and social security 56,944 33,399
Other creditors 3,714 3,824
270,754 222,941

7. RESERVES
Retained
earnings
£   

At 1 April 2023 1,362,924
Profit for the year 167,586
At 31 March 2024 1,530,510

8. OTHER FINANCIAL COMMITMENTS

A cross guarantee and debenture has been made in favour of Barclays Bank plc between the company and its parent company, The Lamson Investment (Europe) Ltd and fellow subsidiary The Happy Lettings Company Ltd, as security for for all liabilities due to the bank.