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REGISTERED NUMBER: 01266863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

LAMBSMEAD LIMITED

LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAMBSMEAD LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2024







DIRECTORS: I Deitsch
Mrs S E Deitsch
S R O Deitsch
L P D Deitsch





SECRETARY: I Deitsch





REGISTERED OFFICE: 222 Upper Richmond Road West
London
SW14 8AH





REGISTERED NUMBER: 01266863 (England and Wales)





ACCOUNTANTS: K S Goring & Co Chartered Accountants
222 Upper Richmond Road West
London
SW14 8AH

LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863)

BALANCE SHEET
30th November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,126 2,262
Investments 5 67,313 52,223
68,439 54,485

CURRENT ASSETS
Stocks 85,837 70,700
Debtors 6 63,483 84,875
Cash at bank 100,606 181,706
249,926 337,281
CREDITORS
Amounts falling due within one year 7 138,056 221,138
NET CURRENT ASSETS 111,870 116,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,309

170,628

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss -
non distributable reserves 24,850 9,759
Retained earnings 155,359 160,769
SHAREHOLDERS' FUNDS 180,309 170,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863)

BALANCE SHEET - continued
30th November 2024


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 Board of Directors and authorised for issue on 9th June 2025 and were signed on its behalf by:





I Deitsch - Director


LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

LAMBSMEAD 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 represents net invoiced sales of goods and services, and where applicable , excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the period of the Lease
Plant and machinery etc - 33.33% on cost and 15% 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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a Stakeholders pension scheme. Contribution payable to the scheme are charged to the profit and loss account in the period to which they relate.

The company also operates a workplace pension scheme for its employees and is provided through automatic enrolment pension scheme in line with Government legislation.
Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions.
Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st December 2023 24,987 74,615 99,602
Additions - 833 833
At 30th November 2024 24,987 75,448 100,435
DEPRECIATION
At 1st December 2023 24,987 72,353 97,340
Charge for year - 1,969 1,969
At 30th November 2024 24,987 74,322 99,309
NET BOOK VALUE
At 30th November 2024 - 1,126 1,126
At 30th November 2023 - 2,262 2,262

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Gold Bullion Vault 67,313 52,223

The fixed asset investments are holding of 1kg of Bullion London Gold and Zürich Silver.

If the fixed assets investments had not been revalued they would have been included at the following historical cost: £42,461

Fixed asset investments of £67,313 was valued on the open market basis on 30th November 2024 by BullionVault

LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,674 28,908
Other debtors 54,809 55,967
63,483 84,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (264 ) 117,987
Taxation and social security 8,311 11,951
Other creditors 130,009 91,200
138,056 221,138

8. RELATED PARTY DISCLOSURES

As at 30th November 2024, Mr S R O Deitsch, a director of the company owed the company £24,105 (2023 £24,105). This loan is interest free and repayable on demand.

As at 30th November 2024, the company owed Mr I Deitsch £88,027 (2023 £50,333). This loan is interest free and repayable on demand.

As at 30th November 2024, the company owed Mr L P Deitsch £1,245 (2023 £1,245). This loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties.