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REGISTERED NUMBER: 11953119 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LJM COMMUNICATIONS LIMITED

LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LJM COMMUNICATIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: L J Millington
M Armstrong





REGISTERED OFFICE: 90 High Street
Brownhills
Walsall
WS8 6EW





REGISTERED NUMBER: 11953119 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303,871 193,243

CURRENT ASSETS
Debtors 5 133,149 93,146
Cash at bank 62,729 25,284
195,878 118,430
CREDITORS
Amounts falling due within one year 6 281,813 89,724
NET CURRENT (LIABILITIES)/ASSETS (85,935 ) 28,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,936

221,949

CREDITORS
Amounts falling due after more than one
year

7

(180,964

)

(118,816

)

PROVISIONS FOR LIABILITIES (28,835 ) (23,662 )
NET ASSETS 8,137 79,471

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8,127 79,461
SHAREHOLDERS' FUNDS 8,137 79,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)

BALANCE SHEET - continued
31 March 2023


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 Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




L J Millington - Director



M Armstrong - Director


LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ljm Communications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised when goods have been delivered, or services completed, such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 5 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 April 2022 79,545 2,395 2,745
Additions 9,290 4,500 3,954
Disposals - - -
At 31 March 2023 88,835 6,895 6,699
DEPRECIATION
At 1 April 2022 10,838 599 686
Charge for year 8,884 1,574 1,504
Eliminated on disposal - - -
At 31 March 2023 19,722 2,173 2,190
NET BOOK VALUE
At 31 March 2023 69,113 4,722 4,509
At 31 March 2022 68,707 1,796 2,059

LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 174,575 2,322 261,582
Additions 179,946 1,970 199,660
Disposals (12,227 ) - (12,227 )
At 31 March 2023 342,294 4,292 449,015
DEPRECIATION
At 1 April 2022 55,332 884 68,339
Charge for year 67,448 851 80,261
Eliminated on disposal (3,456 ) - (3,456 )
At 31 March 2023 119,324 1,735 145,144
NET BOOK VALUE
At 31 March 2023 222,970 2,557 303,871
At 31 March 2022 119,243 1,438 193,243

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Buildings vehicles Totals
£    £    £   
COST
At 1 April 2022 50,708 69,240 119,948
Additions - 161,917 161,917
At 31 March 2023 50,708 231,157 281,865
DEPRECIATION
At 1 April 2022 5,071 17,310 22,381
Charge for year 5,071 48,305 53,376
At 31 March 2023 10,142 65,615 75,757
NET BOOK VALUE
At 31 March 2023 40,566 165,542 206,108
At 31 March 2022 45,637 51,930 97,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,595 78,271
Other debtors 37,554 14,875
133,149 93,146

LJM COMMUNICATIONS LIMITED (REGISTERED NUMBER: 11953119)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,406 5,518
Hire purchase contracts (see note 8) 58,884 27,404
Trade creditors 107,970 2
Taxation and social security 61,672 22,272
Other creditors 47,881 34,528
281,813 89,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,659 35,109
Hire purchase contracts (see note 8) 150,305 83,707
180,964 118,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,178 14,172

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 58,884 27,404
Between one and five years 150,305 83,707
209,189 111,111

Non-cancellable operating leases
2023 2022
£    £   
Within one year 30,000 -
Between one and five years 57,500 -
87,500 -