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)

Notes to the Financial Statements
for the year ended 31 December 2025

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.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	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.

	Trade and other 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.

Trade and other 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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other 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.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		9

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 25	227,273	13,062	16,140	90,053	44,764	391,292
Additions	-	-	-	728	-	728
At 31 December 25	227,273	13,062	16,140	90,781	44,764	392,020
Depreciation and impairment
At 01 January 25	36,363	12,034	13,267	74,993	40,754	177,411
Charge for year	4,545	257	718	3,947	1,003	10,470
At 31 December 25	40,908	12,291	13,985	78,940	41,757	187,881
Net book value
At 31 December 25	186,365	771	2,155	11,841	3,007	204,139
At 31 December 24	190,910	1,028	2,873	15,060	4,010	213,881

5.	Stocks

	2025	2024
	£	£
Other stocks	353,171	321,699
Total	353,171	321,699

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	65,260	66,444
Total	65,260	66,444

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	353,959	324,701
Bank borrowings and overdrafts	5,961	5,583
Taxation and social security	28,999	20,958
Other creditors	11,039	20,270
Total	399,958	371,512

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	37,900	43,531
Total	37,900	43,531

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	39,929	40,774
Total	39,929	40,774

10.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, the outstanding pension payable of £468 (2024: £462) were paid on 09/01/2026. They are included in other creditors.

11.	Revaluation reserve


		£
	Reserve at 01 January 25	155,893
	At 31 December 25	155,893

12.	Further information regarding the company's financial position
	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.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		204,139		213,881
			204,139		213,881
Current assets
Stocks	5	353,171		321,699
Debtors	6	65,260		66,444
Cash at bank and on hand		11,820		40,975
		430,251		429,118
Creditors amounts falling due within one year	7	(399,958)		(371,512)
Net current assets (liabilities)			30,293		57,606
Total assets less current liabilities			234,432		271,487
Creditors amounts falling due after one year	8		(37,900)		(43,531)
Provisions for liabilities	9		(39,929)		(40,774)
Net assets			156,603		187,182
Capital and reserves
Called up share capital			100		100
Revaluation reserve			155,893		155,893
Profit and loss account			610		31,189
Shareholders' funds	11		156,603		187,182