1 January 2022 v2023.30.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP083360452022-01-012022-12-31083360452022-12-31083360452021-12-3108336045core:SharePremium2022-12-3108336045core:SharePremium2021-12-3108336045core:OtherReservesSubtotal2022-12-3108336045core:RetainedEarningsAccumulatedLosses2022-12-3108336045core:RetainedEarningsAccumulatedLosses2021-12-3108336045bus:Director12022-01-012022-12-3108336045bus:RegisteredOffice2022-01-012022-12-3108336045core:CostValuation2022-12-310833604512022-01-012022-12-31083360452021-01-012021-12-3108336045countries:EnglandWales2022-01-012022-12-3108336045bus:AuditExemptWithAccountantsReport2022-01-012022-12-3108336045bus:PrivateLimitedCompanyLtd2022-01-012022-12-3108336045bus:SmallEntities2022-01-012022-12-3108336045bus:AbridgedAccounts2022-01-012022-12-31
Company registration number:
08336045
Lms07 Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2022
Lms07 Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Lms07 Ltd
Year ended
31 December 2022
As described on the abridged statement of financial position, the Board of Directors of
Lms07 Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
31 December 2022
, which comprise the abridged income statement, statement of total comprehensive income, abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Infoaccounting100 Ltd
9 Lydden road
London
London
SW18 4LT
United Kingdom
Date:
28 November 2023
Lms07 Ltd
Abridged Statement of Financial Position
31 December 2022
20222021
Note££
Fixed assets    
Investments 5
(17,338
)
(17,338
)
Total assets less current liabilities (17,338 ) (17,338 )
Capital and reserves    
Share premium
41,973
 
41,973
 
Other reserves
(2,201
) -  
Profit and loss account
(57,110
)
(59,311
)
Shareholders deficit
(17,338
)
(17,338
)
For the year ending
31 December 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 December 2022
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
28 November 2023
, and are signed on behalf of the board by:
MS L Atanasova
Director
Company registration number:
08336045
Lms07 Ltd
Notes to the Abridged Financial Statements
Year ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
9 Lydden Road
,
London
,
SW18 4LT
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2021: Nil).

5 Fixed assets

Investments
£
Cost  
At
1 January 2022
and
31 December 2022
(17,338
)
Impairment  
At
1 January 2022
and
31 December 2022
-  
Carrying amount  
At
31 December 2022
(17,338
)
At 31 December 2021
(17,338
)