Gary Lambert Construction Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06960499 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GARY LAMBERT CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G L Lambert

Mrs J L Lambert

SECRETARY:

Mrs J L Lambert

REGISTERED OFFICE:

Lothing House

7 Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

06960499 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

2,086,147

1,403,504

CURRENT ASSETS

Debtors

5

4,813,761

2,668,416

Cash at bank

110,982

482,502

4,924,743

3,150,918

CREDITORS

Amounts falling due within one year

6

(1,158,387

)

(424,942

)

NET CURRENT ASSETS

3,766,356

2,725,976

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,852,503

4,129,480

CREDITORS

Amounts falling due after more than one
year

7

(101,705

)

(102,959

)

PROVISIONS FOR LIABILITIES

(386,591

)

(179,800

)

NET ASSETS

5,364,207

3,846,721

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

5,364,107

3,846,621

SHAREHOLDERS' FUNDS

5,364,207

3,846,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 28 September 2026 and were signed on its behalf by:

G L Lambert - Director

1.	STATUTORY INFORMATION

Gary Lambert Construction 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of on-going services is recognised by reference to the stage of completion when not invoiced on surveyed works.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 tax

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

337,009

1,990,479

2,327,488

Additions

-

1,007,547

Disposals

(51,017

)

(148,075

)

(199,092

)

At 31 December 2025

285,992

2,849,951

3,135,943

DEPRECIATION

At 1 January 2025

-

923,984

Charge for year

-

210,888

Eliminated on disposal

-

(85,076

)

(85,076

)

At 31 December 2025

-

1,049,796

NET BOOK VALUE

At 31 December 2025

285,992

1,800,155

2,086,147

At 31 December 2024

337,009

1,066,495

1,403,504

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

1,689,619

398,066

Other debtors

3,124,142

2,270,350

4,813,761

2,668,416

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

639,541

388,504

Taxation and social security

482,951

22,316

Other creditors

35,895

14,122

1,158,387

424,942

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Hire purchase contracts

101,705

102,959

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2025 and the period ended 31 December 2024:

31.12.25

31.12.24

£

G L Lambert and Mrs J L Lambert

Balance outstanding at start of year

-

153,781

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	RELATED PARTY DISCLOSURES

At the year end, included within other debtors are amounts in respect of loans to companies of which Mr G Lambert is a director and shareholder as follows;

£1,202,325 owed by Any Hire Limited

£241,652 owed by Gary Lambert Properties Limited

£8,000 owed by Clover Competitions Limited

£400 owed by G & T Property Lettings Limited

£949,720 owed by GALS Commercial Ltd

£171,890 owed by Snetterton Auto Services Ltd.

£65,009 owed by Diamond Winners Ltd

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Lambert and Mrs J Lambert.

The ultimate controlling party is Mr G Lambert and Mrs J Lambert.

The company was under the control of Mr G Lambert and Mrs J Lambert as holders of the share capital throughout the current and previous year.

The company operates a Loan account with the Directors and the balance as at 31 December 2025 was correctly stated at £33,254