Acorah Software Products - Accounts Production 19.1.200 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 02156869 Mr G Lambert Mrs D Lambert Mr J Lambert Mr J Lambert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02156869 2024-10-31 02156869 2025-10-31 02156869 2024-11-01 2025-10-31 02156869 frs-core:CurrentFinancialInstruments 2025-10-31 02156869 frs-core:Non-currentFinancialInstruments 2025-10-31 02156869 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-10-31 02156869 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 02156869 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 02156869 frs-core:MotorVehicles 2024-11-01 2025-10-31 02156869 frs-core:PlantMachinery 2025-10-31 02156869 frs-core:PlantMachinery 2024-11-01 2025-10-31 02156869 frs-core:PlantMachinery 2024-10-31 02156869 frs-core:WithinOneYear 2025-10-31 02156869 frs-core:ShareCapital 2025-10-31 02156869 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 02156869 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02156869 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 02156869 frs-bus:SmallEntities 2024-11-01 2025-10-31 02156869 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 02156869 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 02156869 frs-bus:Director1 2024-11-01 2025-10-31 02156869 frs-bus:Director1 2024-10-31 02156869 frs-bus:Director1 2025-10-31 02156869 frs-bus:Director2 2024-11-01 2025-10-31 02156869 frs-bus:Director3 2024-11-01 2025-10-31 02156869 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 02156869 1 2024-11-01 2025-10-31 02156869 frs-countries:EnglandWales 2024-11-01 2025-10-31 02156869 2023-10-31 02156869 2024-10-31 02156869 2023-11-01 2024-10-31 02156869 frs-core:CurrentFinancialInstruments 2024-10-31 02156869 frs-core:Non-currentFinancialInstruments 2024-10-31 02156869 frs-core:BetweenOneFiveYears 2024-10-31 02156869 frs-core:WithinOneYear 2024-10-31 02156869 frs-core:ShareCapital 2024-10-31 02156869 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02156869 1 2023-11-01 2024-10-31
Registered number: 02156869
GSD Lambert and Sons Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02156869
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 776,347 964,897
776,347 964,897
CURRENT ASSETS
Stocks 5 10,400 10,400
Debtors 6 1,017,084 719,907
Cash at bank and in hand 7,881 20,356
1,035,365 750,663
Creditors: Amounts Falling Due Within One Year 7 (580,751 ) (460,079 )
NET CURRENT ASSETS (LIABILITIES) 454,614 290,584
TOTAL ASSETS LESS CURRENT LIABILITIES 1,230,961 1,255,481
Creditors: Amounts Falling Due After More Than One Year 8 - (23,227 )
NET ASSETS 1,230,961 1,232,254
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 1,229,961 1,231,254
SHAREHOLDERS' FUNDS 1,230,961 1,232,254
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For the year ending 31 October 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 J Lambert
Director
30 June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GSD Lambert and Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02156869 . The registered office is Morley Hall, London Road, Morley St. Peter, Wymondham, Norfolk, NR18 9SY.
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 comprises revenue recognised by the company in respect of goods and services supplied exclusive of value added tax and trade discounts. 
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 between 4 - 10 years
Motor Vehicles between 4 - 7 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
2.6. 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 year 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 asset reflects 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.
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2.7. Long-term contracts
Long-term contracts are treated as follows:

(a) the amount by which recorded turnover is in excess of payments on account are classified as amounts recoverable on contracts and separately disclosed within trade debtors.

(b) the balance of payments on account in excess of amounts matched with turnover and offset against long-term contract balances are classified as payments on account and separately disclosed within trade creditors.

(c) the amount of long-term contracts, at costs incurred, net of amounts transferred to cost of sales, after deducting foreseeable losses and payments on account not matched with turnover, are classified as 'long-term contract balances' and are separately within stock.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Employees 27 18
27 18
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2024 330,820 4,468,027 4,798,847
Additions - 11,917 11,917
Disposals - (547,704 ) (547,704 )
As at 31 October 2025 330,820 3,932,240 4,263,060
Depreciation
As at 1 November 2024 - 3,833,950 3,833,950
Provided during the period - 164,751 164,751
Disposals - (511,988 ) (511,988 )
As at 31 October 2025 - 3,486,713 3,486,713
Net Book Value
As at 31 October 2025 330,820 445,527 776,347
As at 1 November 2024 330,820 634,077 964,897
5. Stocks
2025 2024
£ £
Stock 10,400 10,400
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 531,786 582,339
Other debtors 485,298 137,568
1,017,084 719,907
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 23,147 32,451
Trade creditors 463,075 341,193
Other creditors 68,796 60,997
Taxation and social security 25,733 25,438
580,751 460,079
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 23,227
9. Secured Creditors
The loans in respect of the hire purchase are secured against the assets to which they relate.
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 23,147 32,451
Later than one year and not later than five years - 23,227
23,147 55,678
23,147 55,678
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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12. Directors Advances, Credits and Guarantees
Included within other debtors is a loan to the directors Mr G Lambert and Mrs D Lambert of £28,709 (2023 : £11,875).
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Gary Lambert 28,709 28,212 30,000 - 26,921
The above loan is unsecured, interest free and has been repaid since the year end.
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