Lamler Limited Filleted accounts for Companies House (small and micro)

2 false false false false false false false false false false true false false true true true true true true true true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,975 4,975 4,975 29,038 23,471 52,509 8,470 7,202 15,672 36,837 20,568 xbrli:pure xbrli:shares iso4217:GBP 09433884 2022-04-01 2023-03-31 09433884 2023-03-31 09433884 2022-03-31 09433884 2021-04-01 2022-03-31 09433884 2022-03-31 09433884 2021-03-31 09433884 bus:RegisteredOffice 2022-04-01 2023-03-31 09433884 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 09433884 bus:Director1 2022-04-01 2023-03-31 09433884 core:WithinOneYear 2023-03-31 09433884 core:WithinOneYear 2022-03-31 09433884 core:AfterOneYear 2023-03-31 09433884 core:AfterOneYear 2022-03-31 09433884 core:ShareCapital 2023-03-31 09433884 core:ShareCapital 2022-03-31 09433884 core:RetainedEarningsAccumulatedLosses 2023-03-31 09433884 core:RetainedEarningsAccumulatedLosses 2022-03-31 09433884 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 09433884 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 09433884 bus:SmallEntities 2022-04-01 2023-03-31 09433884 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09433884 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09433884 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09433884 bus:FullAccounts 2022-04-01 2023-03-31 09433884 core:OfficeEquipment 2022-04-01 2023-03-31 09433884 core:OfficeEquipment 2022-03-31 09433884 core:OfficeEquipment 2023-03-31

COMPANY REGISTRATION NUMBER: 09433884

LAMLER LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2023

LAMLER LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

LAMLER LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	Miss H A Plummer

Registered office	Lynton House
	7 - 12 Tavistock Square
	London
	England
	WC1H 9BQ

Accountants	TC BSG Valentine Limited
	Accountants
	Lynton House
	7-12 Tavistock Square
	London
	WC1H 9BQ

LAMLER LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2023

	2023		2022
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	4,975	4,975
Tangible assets	6	36,837	20,568
		--------	--------
		41,812	25,543

CURRENT ASSETS

Stocks		13,859	14,953
Debtors	7	1,636	1,200
Cash at bank and in hand		27,489	20,057
		--------	--------
		42,984	36,210

CREDITORS: amounts falling due within one year	8	( 122,382)		( 127,354)
		---------		---------
NET CURRENT LIABILITIES			( 79,398)		( 91,144)
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 37,586)		( 65,601)

CREDITORS: amounts falling due after more than one year	9	( 7,800)	( 11,400)
		--------	--------
NET LIABILITIES		( 45,386)	( 77,001)
		--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 45,486)	( 77,101)
	--------	--------
SHAREHOLDERS DEFICIT	( 45,386)	( 77,001)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LAMLER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 19 February 2024 , and are signed on behalf of the board by:

Miss H A Plummer
Director

Company registration number: 09433884

LAMLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 April 2022 and 31 March 2023	4,975
	-------
Amortisation
At 1 April 2022 and 31 March 2023	–
	-------
Carrying amount
At 31 March 2023	4,975
	-------
At 31 March 2022	4,975
	-------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2022	29,038	29,038
Additions	23,471	23,471
	--------	--------
At 31 March 2023	52,509	52,509
	--------	--------
Depreciation
At 1 April 2022	8,470	8,470
Charge for the year	7,202	7,202
	--------	--------
At 31 March 2023	15,672	15,672
	--------	--------
Carrying amount
At 31 March 2023	36,837	36,837
	--------	--------
At 31 March 2022	20,568	20,568
	--------	--------

7. Debtors

	2023	2022
	£	£
Other debtors	1,636	1,200
	-------	-------

8. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	3,600	3,600
Social security and other taxes	7,975	6,378
Credit card	7,890	1,463
Other creditors	102,917	115,913
	---------	---------
	122,382	127,354
	---------	---------

9. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	7,800	11,400
	-------	--------

10. Director's advances, credits and guarantees

At the balance sheet date the directors loan account was in credit by £93,362 (2022: £108,509). The loan is interest free and repayable on demand.

11. Controlling party

The company was under the control of Helen Plummer throughout the current and previous year. Miss Plummer is the managing director and majority shareholder.