Registered number
12801293
Lambdasafe Limited
Filleted Accounts
31 March 2025
Lambdasafe Limited
Registered number: 12801293
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 4,833 889
Current assets
Work in progress 16,275 13,500
Debtors 4 - -
Cash at bank and in hand 164,120 136,361
180,395 149,861
Creditors: amounts falling due within one year 5 (48,667) (56,668)
Net current assets 131,728 93,193
Net assets 136,561 94,082
Capital and reserves
Called up share capital 1 1
Profit and loss account 136,560 94,081
Shareholder's funds 136,561 94,082
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alexander Swan
Director
Approved by the board on 21 August 2025
Lambdasafe Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 3,553
At 31 March 2025 8,386
Depreciation
At 1 April 2024 2,664
Charge for the year 889
At 31 March 2025 3,553
Net book value
At 31 March 2025 4,833
At 31 March 2024 889
4 Debtors 2025 2024
£ £
Trade debtors - -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 24,191 25,097
Other creditors 18,677 31,571
48,667 56,668
6 Other information
Lambdasafe Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cherry Orchard House
The Row
Elham
Canterbury
CT4 6UP
Lambdasafe Limited 12801293 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Alexander Swan No description of principal activity 12801293 2023-04-01 2024-03-31 12801293 core:WithinOneYear 2024-03-31 12801293 core:ShareCapital 2024-03-31 12801293 core:RetainedEarningsAccumulatedLosses 2024-03-31 12801293 2024-04-01 2025-03-31 12801293 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12801293 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12801293 bus:Director40 2024-04-01 2025-03-31 12801293 1 2024-04-01 2025-03-31 12801293 2 2024-04-01 2025-03-31 12801293 core:PlantMachinery 2024-04-01 2025-03-31 12801293 countries:England 2024-04-01 2025-03-31 12801293 bus:FRS102 2024-04-01 2025-03-31 12801293 bus:FilletedAccounts 2024-04-01 2025-03-31 12801293 2025-03-31 12801293 core:WithinOneYear 2025-03-31 12801293 core:ShareCapital 2025-03-31 12801293 core:RetainedEarningsAccumulatedLosses 2025-03-31 12801293 core:PlantMachinery 2025-03-31 12801293 2024-03-31 12801293 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure