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REGISTERED NUMBER: 05962699 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LMDB LIMITED
TRADING AS
LMDB ACCOUNTANTS

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS






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


LMDB LIMITED
TRADING AS LMDB ACCOUNTANTS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D Laws FCCA
S A Murray FCCA
S Diomedou FCA FCCA BA(Hons)
S D Jaquet FCCA
P Hare FCCA





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 05962699 (England and Wales)






LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,444 53,204
Tangible assets 5 9,111 24,091
Investments 6 2,000 2,000
Investment property 7 173,958 173,958
220,513 253,253

CURRENT ASSETS
Debtors 8 109,955 130,929
Cash at bank and in hand 448,074 395,316
558,029 526,245
CREDITORS
Amounts falling due within one year 9 253,143 250,382
NET CURRENT ASSETS 304,886 275,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,399

529,116

CREDITORS
Amounts falling due after more than
one year

10

(71,921

)

(89,934

)

PROVISIONS FOR LIABILITIES (2,072 ) (4,387 )
NET ASSETS 451,406 434,795

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 3,170 3,170
Retained earnings 448,236 431,625
SHAREHOLDERS' FUNDS 451,406 434,795

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.

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 15 November 2023 and were signed on its behalf by:





S A Murray FCCA - Director


LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

LMDB 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors are not aware of any estimates or assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Turnover
Turnover represents net invoiced sales of accountancy services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill is being amortised in accordance with an estimated useful life of 10 years from April 2015 following the adoption of FRS 102.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 100% on cost, 20% on cost and 15% on cost

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual rights to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.


LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 22 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 300,000
AMORTISATION
At 1 April 2022 246,796
Charge for year 17,760
At 31 March 2023 264,556
NET BOOK VALUE
At 31 March 2023 35,444
At 31 March 2022 53,204

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 160,597
Additions 5,159
Disposals (3,120 )
At 31 March 2023 162,636
DEPRECIATION
At 1 April 2022 136,506
Charge for year 20,139
Eliminated on disposal (3,120 )
At 31 March 2023 153,525
NET BOOK VALUE
At 31 March 2023 9,111
At 31 March 2022 24,091

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Debentures 2,000 2,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 173,958
NET BOOK VALUE
At 31 March 2023 173,958
At 31 March 2022 173,958

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,803 74,395
Amounts recoverable on contract 19,039 21,018
Other debtors 33,113 35,516
109,955 130,929

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,747 14,520
Taxation and social security 166,214 165,174
Other creditors 65,182 70,688
253,143 250,382

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 71,921 89,934

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 A ordinary £1 500 500
500 B ordinary £1 500 500
500 C ordinary £1 500 500
500 D ordinary £1 500 500
620 E ordinary £1 620 620
10 F ordinary £1 10 10
10 G ordinary £1 10 10
10 H ordinary £1 10 10
10 I ordinary £1 10 10
10 J ordinary £1 10 10
500 K ordinary £1 500 500
3,170 3,170