REGISTERED NUMBER: 04014500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

LAMBERTS TOOL & WELDING SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr SD Lambert

Mr C Lambert

SECRETARY:

Mrs S Lambert

REGISTERED OFFICE:

Design House

Stanhope Industrial Estate

Wharf Road

Stanford-Le-Hope

Essex

SS17 0EH

REGISTERED NUMBER:

04014500 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Tangible assets

4

304,108

328,966

CURRENT ASSETS

Stocks

522,302

482,302

Debtors

5

861,085

853,916

Cash at bank and in hand

29,711

62,205

1,413,098

1,398,423

CREDITORS

Amounts falling due within one year

6

1,287,157

1,057,298

NET CURRENT ASSETS

125,941

341,125

TOTAL ASSETS LESS CURRENT LIABILITIES

430,049

670,091

CREDITORS

Amounts falling due after more than one year

7

(78,811

)

(172,515

)

PROVISIONS FOR LIABILITIES

10

(71,924

)

(76,875

)

NET ASSETS

279,314

420,701

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

279,254

420,641

SHAREHOLDERS' FUNDS

279,314

420,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

Mr SD Lambert - Director

1.	STATUTORY INFORMATION

Lamberts Tool & Welding Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured,

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Capital expenditure on landlord's property

-

15% on reducing balance

Furniture & fittings

-

25% on reducing balance

Plant

-

25% on reducing balance

Office equipment

-

3 and 5 years straight line basis

Motor vehicles

-

25% on reducing balance

Premises security

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognized at transaction price and then subsequently at amortized cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognized in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase 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 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.

Employee benefits and pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognized at the undiscounted amount expected to be paid for that service.

The company operates two defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

Operating leases

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Capital

expenditure

on

landlord's

Furniture

property

& fittings

Plant

£

£

£

COST

At 1 July 2025

81,813

36,792

10,275

Additions

10,195

-

-

At 30 June 2026

92,008

36,792

10,275

DEPRECIATION

At 1 July 2025

51,465

35,894

10,045

Charge for year

5,725

224

56

At 30 June 2026

57,190

36,118

10,101

NET BOOK VALUE

At 30 June 2026

34,818

674

174

At 30 June 2025

30,348

898

230

Office

Motor

Premises

equipment

vehicles

security

Totals

£

£

£

£

COST

At 1 July 2025

34,333

407,991

12,805

584,009

Additions

2,244

46,154

-

58,593

At 30 June 2026

36,577

454,145

12,805

642,602

DEPRECIATION

At 1 July 2025

31,799

116,981

8,859

255,043

Charge for year

1,788

74,674

984

83,451

At 30 June 2026

33,587

191,655

9,843

338,494

NET BOOK VALUE

At 30 June 2026

2,990

262,490

2,962

304,108

At 30 June 2025

2,534

291,010

3,946

328,966

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2025

382,526

Additions

46,154

Transfer to ownership

(33,354

)

At 30 June 2026

395,326

DEPRECIATION

At 1 July 2025

100,019

Charge for year

71,744

Transfer to ownership

(22,873

)

At 30 June 2026

148,890

NET BOOK VALUE

At 30 June 2026

246,436

At 30 June 2025

282,507

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

845,911

835,882

Other debtors

15,174

18,034

861,085

853,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loan and overdraft

139,567

148,531

Hire purchase contracts (see note 8)

143,228

78,856

Trade creditors

667,206

570,540

Corporation tax

60,962

80,611

Social security and other taxes

65,873

67,030

Other creditors

209,774

110,779

Directors' current accounts

547

951

1,287,157

1,057,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 8)

78,811

172,515

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

143,228

78,856

Between one and five years

78,811

172,515

222,039

251,371

Non-cancellable

operating leases

2026

2025

£

£

Within one year

130,142

109,479

Between one and five years

222,506

244,805

In more than five years

-

37,500

352,648

391,784

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

139,567

148,531

Hire purchase contracts

222,039

251,371

Credit cards

62,608

90,338

424,214

490,240

The above debts are secured on the assets of the company.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

71,924

76,875

Deferred

tax

£

Balance at 1 July 2025

76,875

Credit to Income Statement during year

(4,951

)

Balance at 30 June 2026

71,924

The provision for deferred taxation is made up of accelerated capital allowances.

11.	PENSION COMMITMENTS

The company operates two defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £Nil unpaid contributions (2025: £1,461).