1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,588 248 455 1,381 502 207 204 505 876 1,086 xbrli:pure xbrli:shares iso4217:GBP 09416526 2022-02-01 2023-01-31 09416526 2023-01-31 09416526 2022-01-31 09416526 2021-02-01 2022-01-31 09416526 2022-01-31 09416526 2021-01-31 09416526 bus:Director1 2022-02-01 2023-01-31 09416526 core:WithinOneYear 2023-01-31 09416526 core:WithinOneYear 2022-01-31 09416526 core:ShareCapital 2023-01-31 09416526 core:ShareCapital 2022-01-31 09416526 core:CapitalRedemptionReserve 2023-01-31 09416526 core:CapitalRedemptionReserve 2022-01-31 09416526 core:RetainedEarningsAccumulatedLosses 2023-01-31 09416526 core:RetainedEarningsAccumulatedLosses 2022-01-31 09416526 bus:SmallEntities 2022-02-01 2023-01-31 09416526 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09416526 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09416526 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09416526 bus:FullAccounts 2022-02-01 2023-01-31 09416526 core:OfficeEquipment 2022-02-01 2023-01-31 09416526 core:OfficeEquipment 2022-01-31 09416526 core:OfficeEquipment 2023-01-31 09416526 core:KeyManagementIndividualGroup1 2022-02-01 2023-01-31 09416526 core:KeyManagementIndividualGroup1 2023-01-31 09416526 core:KeyManagementIndividualGroup1 2022-01-31
COMPANY REGISTRATION NUMBER: 09416526
LMH Accountancy & Bookkeeping Limited
Filleted Unaudited Financial Statements
For the year ended
31 January 2023
LMH Accountancy & Bookkeeping Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
876
1,086
Current assets
Debtors
6
6,875
4,907
Cash at bank and in hand
42,761
50,978
--------
--------
49,636
55,885
Creditors: amounts falling due within one year
7
24,568
37,015
--------
--------
Net current assets
25,068
18,870
--------
--------
Total assets less current liabilities
25,944
19,956
--------
--------
Net assets
25,944
19,956
--------
--------
Capital and reserves
Called up share capital
80
80
Capital redemption reserve
20
20
Profit and loss account
25,844
19,856
--------
--------
Shareholders funds
25,944
19,956
--------
--------
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 January 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LMH Accountancy & Bookkeeping Limited
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 17 October 2023 , and are signed on behalf of the board by:
Mr L M Hawksworth
Director
Company registration number: 09416526
LMH Accountancy & Bookkeeping Limited
Notes to the Financial Statements
Year ended 31 January 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 37 Thistle House, Joseph Terry Grove, York, YO23 1FP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. (c) Current & deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. (d) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (e) 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 - 15% straight line
(f) 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.
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 February 2022
1,588
1,588
Additions
248
248
Disposals
( 455)
( 455)
-------
-------
At 31 January 2023
1,381
1,381
-------
-------
Depreciation
At 1 February 2022
502
502
Charge for the year
207
207
Disposals
( 204)
( 204)
-------
-------
At 31 January 2023
505
505
-------
-------
Carrying amount
At 31 January 2023
876
876
-------
-------
At 31 January 2022
1,086
1,086
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
6,875
4,845
Other debtors
62
-------
-------
6,875
4,907
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
9,991
9,330
Social security and other taxes
170
Other creditors
14,407
27,685
--------
--------
24,568
37,015
--------
--------
8. Related party transactions
During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 13,383 (2022 - £ 26,641 ).