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REGISTERED NUMBER: 00821889 (England and Wales)








GEORGE LAMBERT & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 30 SEPTEMBER 2024






GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 November 2023 to 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

GEORGE LAMBERT & SON LIMITED

COMPANY INFORMATION
for the period 1 November 2023 to 30 September 2024







DIRECTORS: C M Bazen
G Hutchinson
P R Martin





REGISTERED OFFICE: Slyfield Industrial Estate
Westfield Road
Guildford
Surrey
GU1 1SB





REGISTERED NUMBER: 00821889 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

BALANCE SHEET
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 60,563 84,049

CURRENT ASSETS
Stocks 4,500 10,500
Debtors 5 68,395 38,079
Cash at bank 52,912 23,869
125,807 72,448
CREDITORS
Amounts falling due within one year 6 (235,505 ) (77,118 )
NET CURRENT LIABILITIES (109,698 ) (4,670 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,135 ) 79,379

CREDITORS
Amounts falling due after more than one year 7 (25,560 ) (42,838 )
NET (LIABILITIES)/ASSETS (74,695 ) 36,541

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (75,195 ) 36,041
(74,695 ) 36,541

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

BALANCE SHEET - continued
30 September 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 6 June 2025 and were signed on its behalf by:





G Hutchinson - Director


GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 November 2023 to 30 September 2024


1. STATUTORY INFORMATION

George Lambert & Son 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.

These accounts have been prepared for an 11 month period to bring the year end in line with the parent company and therefore, the comparative amounts in the financial statements, including the related notes, are not entirely comparable.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern
The financial statements have been prepared on a going concern basis. The directors have confirmed that the parent company and other group entities will continue to provide financial support where required.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable on removals and associated services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property15 year straight line
Plant and machinery20% reducing balance
Motor vehicles20% straight line
Office equipment20% straight line


On disposal, the difference between net proceeds and carrying amount of the item sold is recognised in the profit and loss account and is included in administrative expenses.

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

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method. The company does not have any financial non-basic instruments.


GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 November 2023 to 30 September 2024


2. ACCOUNTING POLICIES - continued
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 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term unless there is another systematic basis representative of the time pattern of the lessee’s benefit from the leased asset.

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 12 (2023 - 14 ) .

GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 November 2023 to 30 September 2024


4. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1 November 2023 9,464 29,827 306,770 5,473 351,534
Disposals - - (146,605 ) (246 ) (146,851 )
At 30 September 2024 9,464 29,827 160,165 5,227 204,683
DEPRECIATION
At 1 November 2023 2,524 22,921 236,880 5,160 267,485
Charge for period 578 1,266 21,570 72 23,486
Eliminated on disposal - - (146,605 ) (246 ) (146,851 )
At 30 September 2024 3,102 24,187 111,845 4,986 144,120
NET BOOK VALUE
At 30 September 2024 6,362 5,640 48,320 241 60,563
At 31 October 2023 6,940 6,906 69,890 313 84,049

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 November 2023
and 30 September 2024 10,790 67,435 78,225
DEPRECIATION
At 1 November 2023 3,884 39,948 43,832
Charge for period 1,266 7,177 8,443
At 30 September 2024 5,150 47,125 52,275
NET BOOK VALUE
At 30 September 2024 5,640 20,310 25,950
At 31 October 2023 6,906 27,487 34,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 26,220 25,214
Other debtors 42,175 12,865
68,395 38,079

GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 November 2023 to 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 14,667
Hire purchase contracts (see note 8) 9,038 13,495
Trade creditors 46,906 14,454
Amounts owed to group undertakings 112,000 -
Taxation and social security 7,061 28,957
Other creditors 50,500 5,545
235,505 77,118

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 15,833 25,000
Hire purchase contracts (see note 8) 9,727 17,838
25,560 42,838

Bank loans relate to a Coronavirus Bounce Back Loan, which attracts interest at a fixed rate of 2.5%. Repayments are made monthly and the loan is repayable in April 2027. The loan is unsecured.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 9,038 13,495
Between one and five years 9,727 17,838
18,765 31,333

Non-cancellable
operating leases
2024 2023
£ £
Within one year 110,000 110,000
Between one and five years 440,000 440,000
In more than five years 435,417 536,250
985,417 1,086,250

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. This allowed for transactions with members of the group headed by Kelly's Removals & Transport (Guildford) Limited not to be disclosed on the grounds that 100% of the voting rights in the company are controlled within the group.

GEORGE LAMBERT & SON LIMITED (REGISTERED NUMBER: 00821889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 November 2023 to 30 September 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party from 1 November 2023 to 2 July 2024 was Mr N Lambert. On 2 July 2024, Kelly's Removals & Transport (Guildford) Limited acquired 100% of the shares in the company. Therefore, from 2 July 2024 the ultimate controlling party is P R Martin via his majority ownership of Kelly's Removals & Transport (Guildford) Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GEORGE LAMBERT & SON LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of George Lambert & Son Limited for the period ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of George Lambert & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of George Lambert & Son Limited and state those matters that we have agreed to state to the Board of Directors of George Lambert & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George Lambert & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that George Lambert & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of George Lambert & Son Limited. You consider that George Lambert & Son Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of George Lambert & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


6 June 2025