Allan Lamb Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03273937 (England and Wales)

ALLAN LAMB ASSOCIATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

A Lamb

SECRETARY:

Mrs L S L Lamb

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

03273937 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

1,599

2,133

CURRENT ASSETS

Debtors

5

469,068

227,681

Cash at bank

263,432

43,918

732,500

271,599

CREDITORS

Amounts falling due within one year

6

626,340

232,726

NET CURRENT ASSETS

106,160

38,873

TOTAL ASSETS LESS CURRENT LIABILITIES

107,759

41,006

CREDITORS

Amounts falling due after more than one year

7

100,000

-

NET ASSETS

7,759

41,006

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

7,755

41,002

SHAREHOLDERS' FUNDS

7,759

41,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2021 and were signed by:

A Lamb - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

2,742

15,146

17,888

DEPRECIATION

At 1 January 2020

1,503

14,252

15,755

Charge for year

310

224

534

At 31 December 2020

1,813

14,476

16,289

NET BOOK VALUE

At 31 December 2020

929

670

1,599

At 31 December 2019

1,239

894

2,133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

282,260

5,761

Amounts owed by group undertakings

-

80,467

Other debtors

595

-

VAT

-

22,216

Prepayments and accrued income

186,213

119,237

469,068

227,681

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

47,070

127,926

Amounts owed to group undertakings

15,172

-

Corporation tax

58

5,499

VAT

13,522

-

Other creditors

-

221

Credit card

986

377

Directors' current accounts

48,118

52,677

Deferred income

501,194

43,995

Accrued expenses

220

2,031

626,340

232,726

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other loans more 5yrs instal

100,000

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

100,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

4

Ordinary

£1

4

4

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Lamb and his wife.