LAMBA MOTORCYCLES LTD


Directors	BAKER, David Michael
	BAKER, Derek Russell


Company Secretary	BAKER, Derek Russell


Registered Address	118-120 High Street
	Carshalton
	Surrey
	SM5 3AE


Registered Number	00991368 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		213,881		225,167
			213,881		225,167
Current assets
Stocks	5	321,699		554,497
Debtors	6	66,443		51,500
Cash at bank and on hand		40,975		56,317
		429,117		662,314
Creditors amounts falling due within one year	7	(371,512)		(528,072)
Net current assets (liabilities)			57,605		134,242
Total assets less current liabilities			271,486		359,409
Creditors amounts falling due after one year	8		(43,531)		-
Provisions for liabilities	10		(40,774)		(42,015)
Net assets			187,181		317,394
Capital and reserves
Called up share capital			100		100
Revaluation reserve			155,893		155,893
Profit and loss account			31,188		161,401
Shareholders' funds			187,181		317,394

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 September 2025, and are signed on its behalf by:

BAKER, Derek Russell
Director
Registered Company No. 00991368

LAMBA MOTORCYCLES LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	25	-
Fixtures and fittings	25	-
Vehicles	25	-
Office Equipment	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

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

2.	Average number of employees


		2024		2023
	Average number of employees during the year	9		9

3.	Further information regarding the company's income
	The company has entered into a debenture on 29/09/20210 with National Westminster Bank Plc by way of legal charges over all monies due to or become due from the company to the charges on any account whatsoever.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	227,273	13,062	16,140	90,053	43,848	390,376
Additions	-	-	-	-	916	916
At 31 December 24	227,273	13,062	16,140	90,053	44,764	391,292
Depreciation and impairment
At 01 January 24	31,818	11,691	12,310	69,973	39,417	165,209
Charge for year	4,545	343	958	5,020	1,336	12,202
At 31 December 24	36,363	12,034	13,268	74,993	40,753	177,411
Net book value
At 31 December 24	190,910	1,028	2,872	15,060	4,011	213,881
At 31 December 23	195,455	1,371	3,830	20,080	4,431	225,167

5.	Stocks

	2024	2023
	£	£
Other stocks	321,699	554,497
Total	321,699	554,497

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	66,443	51,500
Total	66,443	51,500

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	324,701	494,380
Bank borrowings and overdrafts	5,583	-
Taxation and social security	20,958	17,675
Finance lease and HP contracts	-	3,228
Other creditors	20,270	12,789
Total	371,512	528,072

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	43,531	-
Total	43,531	-

9.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	-		3,228

10.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	40,774	42,015
Total	40,774	42,015