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REGISTERED NUMBER: 03460010 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2023

for

LEM Mining & Restoration Ltd.

LEM Mining & Restoration Ltd. (Registered number: 03460010)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEM Mining & Restoration Ltd.

Company Information
for the Year Ended 31 January 2023







DIRECTORS: S Lillis
D Woodward



SECRETARY: D Woodward



REGISTERED OFFICE: 2 Heap Bridge
Bury
Lancashire
BL9 7HR



REGISTERED NUMBER: 03460010 (England and Wales)



ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR



SOLICITORS: Platt and Fishwick
47 King Street
Wigan
WN1 1DB

LEM Mining & Restoration Ltd. (Registered number: 03460010)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 93,061 1,500
Investment property 6 117,866 117,866
210,927 119,366

CURRENT ASSETS
Work in progress - 577,787
Debtors 7 900,126 752,211
Investments 8 1,039,262 800,000
Cash at bank 1,621,619 939,389
3,561,007 3,069,387
CREDITORS
Amounts falling due within one year 9 (242,717 ) (238,179 )
NET CURRENT ASSETS 3,318,290 2,831,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,529,217

2,950,574

PROVISIONS FOR LIABILITIES (23,000 ) -
NET ASSETS 3,506,217 2,950,574

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 3,506,215 2,950,572
SHAREHOLDERS' FUNDS 3,506,217 2,950,574

LEM Mining & Restoration Ltd. (Registered number: 03460010)

Balance Sheet - continued
31 January 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Profit and loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2023 and were signed on its behalf by:





D Woodward - Director


LEM Mining & Restoration Ltd. (Registered number: 03460010)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
2 Heap Bridge
Bury
Lancashire
BL9 7HR

The principal place of business is :
Newbrook cottage
Lansdowne Road
Atherton
Manchester
M46 9HL

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at director's valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

LEM Mining & Restoration Ltd. (Registered number: 03460010)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022 185,410 2,667 188,077
Additions 97,963 - 97,963
At 31 January 2023 283,373 2,667 286,040
DEPRECIATION
At 1 February 2022 185,410 1,167 186,577
Charge for year 6,027 375 6,402
At 31 January 2023 191,437 1,542 192,979
NET BOOK VALUE
At 31 January 2023 91,936 1,125 93,061
At 31 January 2022 - 1,500 1,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 117,866
NET BOOK VALUE
At 31 January 2023 117,866
At 31 January 2022 117,866

The Directors consider the above amount to not be materially different to the current market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,778 78,606
Amounts owed by group undertakings 73,167 71,276
Other debtors 730,181 602,329
900,126 752,211

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed shares 1,039,262 800,000

LEM Mining & Restoration Ltd. (Registered number: 03460010)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 69,395 57,517
Amounts owed to group undertakings 5,634 5,634
Taxation and social security 167,688 175,028
242,717 238,179

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2