P J Lambeth & Co Limited - Filleted accounts

Registered number

05478386

P J Lambeth & Co Limited

Unaudited Filleted Accounts

For the Year Ended

31 August 2025

P J Lambeth & Co Limited
Registered number:		05478386
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		118,837			127,492

Current assets
Stocks		33,000			27,500
Debtors	4	189,113			165,460
Cash at bank and in hand		141,916			126,163
		364,029			319,123

Creditors: amounts falling due within one year	5	(69,379)			(39,810)

Net current assets			294,650			279,313

Total assets less current liabilities			413,487			406,805


Provisions for liabilities			(16,367)			(18,011)


Net assets			397,120			388,794

Capital and reserves
Called up share capital			1			1
Profit and loss account			397,119			388,793

Shareholder's funds			397,120			388,794

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.




P J Lambeth
Director
Approved by the board on 27 May 2026

P J Lambeth & Co Limited
Notes to the Accounts
for the year ended 31 August 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:

	Freehold buildings			Not depreciated
	Plant and machinery			10% reducing balance
	Computers			over 3 years
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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					3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	32,697		143,960		33,876		210,533
	Additions	-		2,415		-		2,415
	At 31 August 2025	32,697		146,375		33,876		212,948

	Depreciation
	At 1 September 2024	-		58,349		24,692		83,041
	Charge for the year	-		8,773		2,297		11,070
	At 31 August 2025	-		67,122		26,989		94,111

	Net book value
	At 31 August 2025	32,697		79,253		6,887		118,837
	At 31 August 2024	32,697		85,611		9,184		127,492


4	Debtors					2025		2024
£							£

	Trade debtors					36,115		11,867
	Other debtors					152,998		153,593
						189,113		165,460


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					-		2,625
	Trade creditors					7,232		3,495
	Taxation and social security costs					14,994		11,806
	Other creditors					47,153		21,884
						69,379		39,810


6	Other information

	P J Lambeth & Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
	61 Jutland Avenue
	Ravenstown
	Flookburgh
	Grange Over Sands
	Cumbria
	LA11 7LQ