Company Registration No. 11095211 (England and Wales)
LOMBARDI & SMITH LIMITED
Unaudited accounts
for the year ended 31 March 2025
LOMBARDI & SMITH LIMITED
Unaudited accounts
Contents
LOMBARDI & SMITH LIMITED
Company Information
for the year ended 31 March 2025
Director
Russell Stanley Milsom SMITH
Company Number
11095211 (England and Wales)
Registered Office
Suite 4236
124 City Road
London
EC1V 2NX
England
Accountants
Pro Accountants
85 Great Portland Street
First Floor
London
W1W 7LT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
LOMBARDI & SMITH LIMITED
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LOMBARDI & SMITH LIMITED for the year ended
31 March 2025 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Pro Accountants
Chartered Certified Accountants
85 Great Portland Street
First Floor
London
W1W 7LT
4 December 2025
LOMBARDI & SMITH LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
1,927
2,713
Cash at bank and in hand
475
6,288
Creditors: amounts falling due within one year
(25,075)
(78,289)
Net current assets/(liabilities)
58,947
(2,758)
Total assets less current liabilities
60,874
(45)
Creditors: amounts falling due after more than one year
(49,188)
(2,362)
Net assets/(liabilities)
11,686
(2,407)
Called up share capital
100
100
Profit and loss account
11,586
(2,507)
Shareholders' funds
11,686
(2,407)
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 4 December 2025 and were signed on its behalf by
Russell Stanley Milsom SMITH
Director
Company Registration No. 11095211
LOMBARDI & SMITH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
LOMBARDI & SMITH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11095211. The registered office is Suite 4236 , 124 City Road, London, EC1V 2NX, England.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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
25% Straight line method
Computer equipment
25% Straight line method
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
LOMBARDI & SMITH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,373
5,805
7,178
At 31 March 2025
1,681
5,805
7,486
At 1 April 2024
1,246
3,219
4,465
Charge for the year
179
915
1,094
At 31 March 2025
1,425
4,134
5,559
At 31 March 2025
256
1,671
1,927
At 31 March 2024
127
2,586
2,713
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,021
1,971
Trade creditors
7,478
4,802
Taxes and social security
3,289
2,444
Other creditors
12,287
18,731
Loans from directors
-
50,341
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
48,847
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
LOMBARDI & SMITH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).