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LMC Law Ltd
Registered Number:08977566
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2018
LMC Law Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2018
LMC Law Ltd
Statement of Financial Position
Registered Number :
08977566
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
3,307
1,377
2
3,307
1,377
Current assets
Trade and other receivables
26,498
110,353
3
48,284
Cash and cash equivalents
73,842
184,195
74,782
Trade and other payables: amounts falling due within one
year
(45,080)
(64,863)
4
29,702
119,332
Net current assets
Total assets less current liabilities
122,639
31,079
122,639
Net assets
31,079
Capital and reserves
Called up share capital
110
110
Retained earnings
122,529
30,969
122,639
31,079
Shareholders' funds
For the year ended 30 April 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Shanee Baker Director
These financial statements were approved and authorised for issue by the Board on 15 October 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2018
LMC Law Ltd
Notes to the Financial Statements
Statutory Information
LMC Law Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
08977566.
Registered address:
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 April 2018
LMC Law Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 May 2017
2,402
3,374
Additions
At 30 April 2018
5,776
Provision for depreciation and impairment
At 01 May 2017
1,025
Charge for year
1,444
At 30 April 2018
2,469
At 30 April 2018
Net book value
3,307
At 30 April 2017
1,377
3. Trade and other receivables
2017
2018
£
£
Trade debtors
108,107
25,910
Other debtors
2,246
588
26,498
110,353
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
58,363
40,080
Other creditors
6,500
5,000
64,863
45,080
5. Average number of persons employed
During the year the average number of employees was 3 (2017 : 3)
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