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Company Registration No. 3833641 (England and Wales)
Lamba Welding Systems Limited Unaudited accounts for the year ended 31 August 2024
Lamba Welding Systems Limited Unaudited accounts Contents
Page
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Lamba Welding Systems Limited Company Information for the year ended 31 August 2024
Directors
Mr B E Bates Mrs H Williams Mrs J Bates
Company Number
3833641 (England and Wales)
Registered Office
60 Racecourse Road Gallowfields Trading Estate Richmond North Yorkshire DL10 4TF
Accountants
JLA Accounting Limited 9 Flora Avenue Darlington DL3 8PF
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Lamba Welding Systems Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
300,347 
341,473 
Current assets
Inventories
275,400 
71,700 
Debtors
48,430 
92,524 
Cash at bank and in hand
348,086 
762,165 
671,916 
926,389 
Creditors: amounts falling due within one year
(94,153)
(190,389)
Net current assets
577,763 
736,000 
Total assets less current liabilities
878,110 
1,077,473 
Creditors: amounts falling due after more than one year
(8,353)
(18,353)
Provisions for liabilities
Deferred tax
(20,044)
(32,843)
Net assets
849,713 
1,026,277 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
849,563 
1,026,127 
Shareholders' funds
849,713 
1,026,277 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Mrs H Williams Director Company Registration No. 3833641
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Lamba Welding Systems Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Lamba Welding Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 3833641. The registered office is 60 Racecourse Road, Gallowfields Trading Estate, Richmond, North Yorkshire, DL10 4TF.
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:
Land & buildings
2% straight line
Plant & machinery
15% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Lamba Welding Systems Limited Notes to the Accounts for the year ended 31 August 2024
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
37,600 
At 31 August 2024
37,600 
Amortisation
At 1 September 2023
37,600 
At 31 August 2024
37,600 
Net book value
At 31 August 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
162,141 
99,014 
219,637 
43,167 
523,959 
Additions
- 
700 
10,989 
2,043 
13,732 
At 31 August 2024
162,141 
99,714 
230,626 
45,210 
537,691 
Depreciation
At 1 September 2023
20,196 
79,210 
44,515 
38,565 
182,486 
Charge for the year
1,850 
6,531 
44,696 
1,781 
54,858 
At 31 August 2024
22,046 
85,741 
89,211 
40,346 
237,344 
Net book value
At 31 August 2024
140,095 
13,973 
141,415 
4,864 
300,347 
At 31 August 2023
141,945 
19,804 
175,122 
4,602 
341,473 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,749 
90,768 
Accrued income and prepayments
2,681 
1,756 
48,430 
92,524 
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Lamba Welding Systems Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
885 
27,707 
Trade creditors
16,400 
64,422 
Taxes and social security
11,156 
17,003 
Other creditors
19,453 
15,524 
Loans from directors
46 
5,920 
Accruals
36,213 
1,313 
Deferred income
- 
48,500 
94,153 
190,389 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,353 
18,353 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
50 Ordinary B shares of £1 each
50 
50 
150 
150 
10
Average number of employees
During the year the average number of employees was 11 (2023: 13).
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