Lamdad Securities Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01621380 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

LAMDAD SECURITIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

239,331

247,920

Investments

5

21,855

21,855

261,186

269,775

CURRENT ASSETS

Debtors

6

397,027

397,026

Cash at bank

22,816

14,713

419,843

411,739

CREDITORS

Amounts falling due within one year

7

338,357

322,908

NET CURRENT ASSETS

81,486

88,831

TOTAL ASSETS LESS CURRENT LIABILITIES

342,672

358,606

PROVISIONS FOR LIABILITIES

676

360

NET ASSETS

341,996

358,246

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

341,896

358,146

SHAREHOLDERS' FUNDS

341,996

358,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 April 2024 and were signed by:

Mr K J Cooper - Director

1.	STATUTORY INFORMATION

Lamdad Securities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01621380

Registered office:

Brook House

5a Brook Road

Whitchurch

Cardiff

CF14 1DU

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.

Land and buildings

-

2% on cost-excluding land at 0%

Plant and machinery etc

-

25% on cost 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2022

512,548

60,259

572,807

Additions

-

2,083

2,083

At 31 August 2023

512,548

62,342

574,890

DEPRECIATION

At 1 September 2022

266,521

58,366

324,887

Charge for year

10,251

421

10,672

At 31 August 2023

276,772

58,787

335,559

NET BOOK VALUE

At 31 August 2023

235,776

3,555

239,331

At 31 August 2022

246,027

1,893

247,920

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2022

and 31 August 2023

21,855

NET BOOK VALUE

At 31 August 2023

21,855

At 31 August 2022

21,855

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/23

31/8/22

£

£

Trade debtors

394,427

394,426

Other debtors

2,600

2,600

397,027

397,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/23

31/8/22

£

£

Taxation and social security

52,985

54,711

Other creditors

285,372

268,197

338,357

322,908

8.	RELATED PARTY DISCLOSURES

The company's freehold building is rented to The William Ricketts Partnership, a business owned by the Director. No rent was charged to The William Ricketts Partnership for the year ended 31 August 2023 (2022: £0).

Included within 'Other creditors' is amounts payable on demand to the company director.