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Registration number: 08116433

LMB Group (Yorkshire) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2022

 

LMB Group (Yorkshire) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

LMB Group (Yorkshire) Limited

Company Information

Directors

AJ Bean

SJ Mortimer

Registered office

The Old School House
2 School Street
Cleckheaton
West Yorkshire
BD19 6AF

 

LMB Group (Yorkshire) Limited

(Registration number: 08116433)
Balance Sheet as at 31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Other financial assets

4

100

100

Current assets

 

Debtors

5

41,599

41,599

Cash at bank and in hand

 

366,409

653,218

 

408,008

694,817

Creditors: Amounts falling due within one year

6

(78,936)

(365,084)

Net current assets

 

329,072

329,733

Net assets

 

329,172

329,833

Capital and reserves

 

Called up share capital

104

104

Retained earnings

329,068

329,729

Shareholders' funds

 

329,172

329,833

For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

LMB Group (Yorkshire) Limited

(Registration number: 08116433)
Balance Sheet as at 31 January 2022

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 6 September 2022 and signed on its behalf by:
 

AJ Bean
Director

SJ Mortimer
Director

 
     
 

LMB Group (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old School House
2 School Street
Cleckheaton
West Yorkshire
BD19 6AF

These financial statements were authorised for issue by the Board on 6 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

LMB Group (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

 

LMB Group (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 February 2021

100

100

At 31 January 2022

100

100

Impairment

Carrying amount

At 31 January 2022

100

100

5

Debtors

Current

Note

2022
£

2021
£

Amounts owed by related parties

7

36,599

36,599

Other debtors

 

5,000

5,000

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

78,298

363,209

Taxation and social security

 

-

1,237

Accruals and deferred income

 

638

638

 

78,936

365,084

 

LMB Group (Yorkshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

7

Related party transactions

Transactions with directors

2021

At 1 February 2020
£

Repayments by director
£

At 31 January 2021
£

AJ Bean

Interest has been charged at 2.5%. there are no conditions attached to this loan.

1,963

(1,963)

-