L&M PERFORMANCE GARAGE LTD

Company Registration Number:
13495437 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

L&M PERFORMANCE GARAGE LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

L&M PERFORMANCE GARAGE LTD

Company Information

for the Period Ended 31 July 2023




Director: SLABU MARIUS-LAURENTIU
Registered office: 11
Orchid Road
London
England
N14 5HJ
Company Registration Number: 13495437 (England and Wales)

L&M PERFORMANCE GARAGE LTD

Directors' Report Period Ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Directors

The directors shown below have held office during the whole of the period from 01 August 2022 to 31 July 2023
SLABU MARIUS-LAURENTIU

This report was approved by the board of directors on 24 November 2023
And Signed On Behalf Of The Board By:

Name: SLABU MARIUS-LAURENTIU
Status: Director

L&M PERFORMANCE GARAGE LTD

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£
13 months to
31 Jul 2022
£
Turnover 37,122 -
Cost of sales ( 16,816 ) -
Gross Profit or (Loss) 20,306 -
Administrative Expenses ( 30,783 ) -
Operating Profit or (Loss) ( 10,477 ) -
Profit or (Loss) Before Tax ( 10,477 ) -
Profit or (Loss) for Period ( 10,477 ) -

The notes form part of these financial statements

L&M PERFORMANCE GARAGE LTD

Balance sheet

As at 31 July 2023


Notes

2023
£
13 months to
31 Jul 2022
£
Fixed assets
Intangible assets: 4 100 100
Tangible assets: 5 22,566 11,422
Total fixed assets: 22,666 11,522
Current assets
Cash at bank and in hand: 1,329 11,806
Total current assets: 1,329 11,806
Net current assets (liabilities): 1,329 11,806
Total assets less current liabilities: 23,995 23,328
Provision for liabilities: ( 9,194 )
Total net assets (liabilities): 23,995 14,134

The notes form part of these financial statements

L&M PERFORMANCE GARAGE LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£
13 months to
31 Jul 2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 6 34,372 11,422
Profit and loss account: ( 10,477 ) 2,612
Shareholders funds: 23,995 14,134

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 24 November 2023
And Signed On Behalf Of The Board By:

Name: SLABU MARIUS-LAURENTIU
Status: Director

The notes form part of these financial statements

L&M PERFORMANCE GARAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

L&M PERFORMANCE GARAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023
    13 months to
    31 Jul 2022
    Average number of employees during the period 0 0

L&M PERFORMANCE GARAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

L&M PERFORMANCE GARAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 August 2022 100 100
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 100 100
Amortisation
Amortisation at 01 August 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 July 2023 - -
Net book value
Net book value at 31 July 2023 100 100
Net book value at 31 July 2022 100 100

L&M PERFORMANCE GARAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Tangible assets

Motor vehicles Total
Cost £ £
At 01 August 2022 11,422 11,422
Additions 14,000 14,000
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 25,422 25,422
Depreciation
At 01 August 2022 - -
Charge for year 2,856 2,856
On disposals - -
Other adjustments - -
At 31 July 2023 2,856 2,856
Net book value
At 31 July 2023 22,566 22,566
At 31 July 2022 11,422 11,422

L&M PERFORMANCE GARAGE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Revaluation reserve


2023
£
Balance at 01 August 2022 11,422
Surplus or deficit after revaluation 22,950
Balance at 31 July 2023 34,372