REGISTERED NUMBER: 04719840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 AUGUST 2023 TO 31 AUGUST 2024

FOR

CHARLES LAMB PROFESSIONAL SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C S Lamb

SECRETARY:

E A Lamb

REGISTERED OFFICE:

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

REGISTERED NUMBER:

04719840 (England and Wales)

ACCOUNTANTS:

Charles Lamb

Chartered Accountants

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,122

603

2,122

603

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

144,147

135,969

145,147

136,969

CREDITORS

Amounts falling due within one year

7

144,515

110,578

NET CURRENT ASSETS

632

26,391

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754

26,994

CREDITORS

Amounts falling due after more than one year

8

(6,250

)

(8,750

)

PROVISIONS FOR LIABILITIES

(403

)

(122

)

NET (LIABILITIES)/ASSETS

(3,899

)

18,122

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

(3,949

)

18,072

SHAREHOLDERS' FUNDS

(3,899

)

18,122

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2025 and were signed by:

C S Lamb - Director

1.	STATUTORY INFORMATION

Charles Lamb Professional Services Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of eight years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Stocks

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

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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 period was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 August 2023

and 31 August 2024

150,000

AMORTISATION

At 31 August 2023

and 31 August 2024

150,000

NET BOOK VALUE

At 31 August 2024

-

At 30 August 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 August 2023

5,823

Additions

2,623

Disposals

(145

)

At 31 August 2024

8,301

DEPRECIATION

At 31 August 2023

5,220

Charge for period

1,104

Eliminated on disposal

(145

)

At 31 August 2024

6,179

NET BOOK VALUE

At 31 August 2024

2,122

At 30 August 2023

603

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

447

7,091

Other debtors

143,700

128,878

144,147

135,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,945

8,071

Trade creditors

14,223

11,740

Taxation and social security

91,841

80,337

Other creditors

31,506

10,430

144,515

110,578

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,250

8,750

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 August 2024 and 30 August 2023:

2024

2023

£

£

C S Lamb

Balance outstanding at start of period

48,361

67,955

Amounts repaid

(48,361

)

(67,955

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

59,423

48,361

10.	RELATED PARTY DISCLOSURES