Company Registration No. 03844196 (England and Wales)
L.I.M.G. Limited
Filleted Accounts
for the year ended 30 September 2023
L.I.M.G. Limited
Filleted Accounts
Contents
L.I.M.G. Limited
Company Information
for the year ended 30 September 2023
Company Number
03844196 (England and Wales)
Registered Office
Sapphire House
73 St. Margarets Avenue
Whetstone
London
N20 9LD
Accountants
Lacome & Co
Chartered Accountants
Sapphire House
73 St.Margarets Avenue
London
N20 9LD
L.I.M.G. Limited
Statement of financial position
as at 30 September 2023
Tangible assets
359,503
3,746
Cash at bank and in hand
394,301
818,366
Creditors: amounts falling due within one year
(990,279)
(1,300,054)
Net current liabilities
(445,766)
(89,927)
Net liabilities
(86,263)
(86,181)
Called up share capital
100
100
Profit and loss account
(86,363)
(86,281)
Shareholders' funds
(86,263)
(86,181)
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2023 and were signed on its behalf by
M Poel
Director
Company Registration No. 03844196
L.I.M.G. Limited
Notes to the Accounts
for the year ended 30 September 2023
L.I.M.G. Limited is a private company, limited by shares, registered in England and Wales, registration number 03844196. The registered office is Sapphire House, 73 St. Margarets Avenue, Whetstone, London, N20 9LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents net invoiced fees receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Amortised over the period of the lease.
Fixtures & fittings
Reducing balance method at 15% per annum.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2022
-
28,654
28,654
Additions
357,503
290
357,793
At 30 September 2023
357,503
28,944
386,447
At 1 October 2022
-
24,908
24,908
Charge for the year
1,430
606
2,036
At 30 September 2023
1,430
25,514
26,944
At 30 September 2023
356,073
3,430
359,503
At 30 September 2022
-
3,746
3,746
L.I.M.G. Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Accrued income and prepayments
2,963
-
Other debtors
147,249
391,761
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
66
66
Other creditors
911,056
1,242,972
Loans from directors
57,066
53,275
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).