Registered number
03519226
LORMIC INTERNATIONAL TECHNOLOGY SERVICES LIMITED
Filleted Accounts
28 February 2023
LORMIC INTERNATIONAL TECHNOLOGY SERVICES LIMITED
Registered number: 03519226
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 10 9
Creditors: amounts falling due within one year 3 (6,454) (5,886)
Net current liabilities (6,444) (5,877)
Net liabilities (6,444) (5,877)
Capital and reserves
Called up share capital 4 4
Profit and loss account (6,448) (5,881)
Shareholders' funds (6,444) (5,877)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Flanagan
Director
Approved by the board on 26 October 2023
LORMIC INTERNATIONAL TECHNOLOGY SERVICES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The accounts have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the director. The director has given assurances that this support will continue for the foreseeable future and he is hopeful that profitability will improve next year.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,091 824
Other creditors 5,363 5,062
6,454 5,886
4 Other information
LORMIC INTERNATIONAL TECHNOLOGY SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Woodgarth Drive
Swinton
Manchester
M27 5GG
LORMIC INTERNATIONAL TECHNOLOGY SERVICES LIMITED 03519226 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 M Flanagan No description of principal activity 03519226 2021-03-01 2022-02-28 03519226 core:WithinOneYear 2022-02-28 03519226 core:ShareCapital 2022-02-28 03519226 core:RetainedEarningsAccumulatedLosses 2022-02-28 03519226 2022-03-01 2023-02-28 03519226 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03519226 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 03519226 bus:Director40 2022-03-01 2023-02-28 03519226 countries:England 2022-03-01 2023-02-28 03519226 bus:FRS102 2022-03-01 2023-02-28 03519226 bus:FullAccounts 2022-03-01 2023-02-28 03519226 2023-02-28 03519226 core:WithinOneYear 2023-02-28 03519226 core:ShareCapital 2023-02-28 03519226 core:RetainedEarningsAccumulatedLosses 2023-02-28 03519226 2022-02-28 iso4217:GBP xbrli:pure