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REGISTERED NUMBER: 05460541 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

LBW COMMUNICATIONS LTD

LBW COMMUNICATIONS LTD (REGISTERED NUMBER: 05460541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LBW COMMUNICATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Ms L B Williams





SECRETARY: Mr R Silverman





REGISTERED OFFICE: Keys Cottage
School Lane
Warmington
Banbury
Oxfordshire
OX17 1DD





REGISTERED NUMBER: 05460541 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

LBW COMMUNICATIONS LTD (REGISTERED NUMBER: 05460541)

BALANCE SHEET
31 MAY 2023

31.5.22 31.5.23
£    £    Notes £    £   
FIXED ASSETS
4,705 Tangible assets 4 3,439

CURRENT ASSETS
80,016 Debtors 5 76,693
177,614 Investments 6 177,614
111,071 Cash at bank and in hand 77,857
368,701 332,164
CREDITORS
26,122 Amounts falling due within one year 7 18,289
342,579 NET CURRENT ASSETS 313,875
347,284 TOTAL ASSETS LESS CURRENT
LIABILITIES

317,314

CREDITORS
(31,567 ) Amounts falling due after more than one
year

8

(21,594

)

(894 ) PROVISIONS FOR LIABILITIES 9 (604 )
314,823 NET ASSETS 295,116

CAPITAL AND RESERVES
1,020 Called up share capital 10 1,020
313,803 Retained earnings 294,096
314,823 SHAREHOLDERS' FUNDS 295,116

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

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

The director acknowledges her 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.

LBW COMMUNICATIONS LTD (REGISTERED NUMBER: 05460541)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 9 October 2023 and were signed by:





Ms L B Williams - Director


LBW COMMUNICATIONS LTD (REGISTERED NUMBER: 05460541)

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

1. STATUTORY INFORMATION

LBW Communications Ltd 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.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

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 2 (2022 - 2 ) .

LBW COMMUNICATIONS LTD (REGISTERED NUMBER: 05460541)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
Totals machinery fittings equipment
£    £    £    £   
COST
At 1 June 2022 36,346 9,374 10,982 15,990
Additions 800 - 300 500
At 31 May 2023 37,146 9,374 11,282 16,490
DEPRECIATION
At 1 June 2022 31,641 7,074 10,982 13,585
Charge for year 2,066 1,022 40 1,004
At 31 May 2023 33,707 8,096 11,022 14,589
NET BOOK VALUE
At 31 May 2023 3,439 1,278 260 1,901
At 31 May 2022 4,705 2,300 - 2,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 44,740 45,016
Other debtors 31,953 35,000
76,693 80,016

6. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Listed investments 177,614 177,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 9,973 9,727
Tax 2,366 5,277
Social security and other taxes 561 489
VAT 647 7,421
Directors' current accounts 3,473 2,000
Accrued expenses 1,269 1,208
18,289 26,122

LBW COMMUNICATIONS LTD (REGISTERED NUMBER: 05460541)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 10,225 9,973
Bank loans - 2-5 years 11,369 21,594
21,594 31,567

9. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 604 894

Deferred
tax
£   
Balance at 1 June 2022 894
Deferred tax charge (290 )
Balance at 31 May 2023 604

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
970 Ordinary A £1 970 970
30 Ordinary B £1 30 30
20 Ordinary C £1 20 20
1,020 1,020