Company Registration No. 11209713 (England and Wales)
Lams Accountants Limited
Unaudited accounts
for the year ended 31 March 2025
Lams Accountants Limited
Unaudited accounts
Contents
Lams Accountants Limited
Company Information
for the year ended 31 March 2025
Company Number
11209713 (England and Wales)
Registered Office
20 BURTON ROAD
DIDSBURY
MANCHESTER
GREATER MANCHESTER
M20 3ED
UNITED KINGDOM
Accountants
Lams Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
Lams Accountants Limited
Statement of financial position
as at 31 March 2025
Tangible assets
33,686
44,090
Cash at bank and in hand
6,471
5,436
Creditors: amounts falling due within one year
(4,473)
(3,052)
Net current assets
28,014
27,680
Total assets less current liabilities
61,700
71,770
Creditors: amounts falling due after more than one year
(31,370)
(36,067)
Provisions for liabilities
Deferred tax
(6,402)
(8,378)
Called up share capital
100
100
Profit and loss account
23,828
27,225
Shareholders' funds
23,928
27,325
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2025 and were signed on its behalf by
Eric Ho Yin Lam
Director
Company Registration No. 11209713
Lams Accountants Limited
Notes to the Accounts
for the year ended 31 March 2025
Lams Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 11209713. The registered office is 20 BURTON ROAD, DIDSBURY, MANCHESTER, GREATER MANCHESTER, M20 3ED, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
15% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lams Accountants Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
1,525
58,505
5,958
9,860
75,848
At 31 March 2025
1,525
58,505
5,958
9,860
75,848
At 1 April 2024
375
22,854
3,147
5,382
31,758
Charge for the year
173
8,913
422
896
10,404
At 31 March 2025
548
31,767
3,569
6,278
42,162
At 31 March 2025
977
26,738
2,389
3,582
33,686
At 31 March 2024
1,150
35,651
2,811
4,478
44,090
Amounts falling due within one year
Accrued income and prepayments
1,463
1,291
Amounts falling due after more than one year
Other debtors
20,203
19,862
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,001
1,093
Trade creditors
2,284
2,076
Taxes and social security
3,589
1,641
Loans from directors
(3,401)
(1,758)
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
31,370
36,067
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).