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Lambda Construction And Refurbishment Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09290307
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,776 4,540
6,776 4,540
CURRENT ASSETS
Debtors 5 3,773 11,102
Cash at bank and in hand 789 11,576
4,562 22,678
Creditors: Amounts Falling Due Within One Year 6 (7,750 ) (19,024 )
NET CURRENT ASSETS (LIABILITIES) (3,188 ) 3,654
TOTAL ASSETS LESS CURRENT LIABILITIES 3,588 8,194
NET ASSETS 3,588 8,194
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 3,488 8,094
SHAREHOLDERS' FUNDS 3,588 8,194
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Bury
Director
6th June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lambda Construction And Refurbishment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09290307 . The registered office is 76 Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2023 16,800
Additions 4,045
As at 31 October 2024 20,845
Depreciation
As at 1 November 2023 12,260
Provided during the period 1,809
As at 31 October 2024 14,069
Net Book Value
As at 31 October 2024 6,776
As at 1 November 2023 4,540
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,104
Other debtors 3,773 9,998
3,773 11,102
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 1,944
Other creditors 2,896 4,872
Taxation and social security 4,854 12,208
7,750 19,024
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3