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Registered number: 06495286
Lammo Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06495286
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 362,750 364,219
362,750 364,219
CURRENT ASSETS
Stocks 6 20,675 21,625
Debtors 7 88,708 70,430
Cash at bank and in hand 343,810 398,769
453,193 490,824
Creditors: Amounts Falling Due Within One Year 8 (121,872 ) (112,694 )
NET CURRENT ASSETS (LIABILITIES) 331,321 378,130
TOTAL ASSETS LESS CURRENT LIABILITIES 694,071 742,349
Creditors: Amounts Falling Due After More Than One Year 9 (145,764 ) (157,059 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (69,200 ) (69,200 )
NET ASSETS 479,107 516,090
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 479,007 515,990
SHAREHOLDERS' FUNDS 479,107 516,090
Page 1
Page 2
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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Lammond
Director
31 October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lammo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06495286 . The registered office is Gowran House, 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. 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 services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 18,000
As at 31 March 2025 18,000
Amortisation
As at 1 April 2024 18,000
As at 31 March 2025 18,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 691,039 164,459 855,498
Additions 71,182 - 71,182
As at 31 March 2025 762,221 164,459 926,680
Depreciation
As at 1 April 2024 400,499 90,780 491,279
Provided during the period 54,222 18,429 72,651
As at 31 March 2025 454,721 109,209 563,930
Net Book Value
As at 31 March 2025 307,500 55,250 362,750
As at 1 April 2024 290,540 73,679 364,219
6. Stocks
2025 2024
£ £
Work in progress 20,675 21,625
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Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 88,708 70,430
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 17,611 19,676
Bank loans and overdrafts - 10,000
Corporation tax 9,497 9,498
Other taxes and social security 24,719 23,415
Other creditors 45 105
Directors' loan accounts 70,000 50,000
121,872 112,694
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 13,333
Directors loan account 145,764 143,726
145,764 157,059
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5