IRIS Accounts Production v23.4.0.336 02230297 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022302972022-12-31022302972023-12-31022302972023-01-012023-12-31022302972021-12-31022302972022-01-012022-12-31022302972022-12-3102230297ns15:EnglandWales2023-01-012023-12-3102230297ns14:PoundSterling2023-01-012023-12-3102230297ns10:Director12023-01-012023-12-3102230297ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102230297ns10:SmallEntities2023-01-012023-12-3102230297ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102230297ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102230297ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102230297ns10:FullAccounts2023-01-012023-12-3102230297ns10:OrdinaryShareClass12023-01-012023-12-3102230297ns10:Director22023-01-012023-12-3102230297ns10:Director32023-01-012023-12-3102230297ns10:RegisteredOffice2023-01-012023-12-3102230297ns5:CurrentFinancialInstruments2023-12-3102230297ns5:CurrentFinancialInstruments2022-12-3102230297ns5:ShareCapital2023-12-3102230297ns5:ShareCapital2022-12-3102230297ns5:RetainedEarningsAccumulatedLosses2023-12-3102230297ns5:RetainedEarningsAccumulatedLosses2022-12-3102230297ns5:PlantMachinery2023-01-012023-12-3102230297ns5:MotorVehicles2023-01-012023-12-3102230297ns5:ComputerEquipment2023-01-012023-12-3102230297ns5:PlantMachinery2022-12-3102230297ns5:MotorVehicles2022-12-3102230297ns5:ComputerEquipment2022-12-3102230297ns5:PlantMachinery2023-12-3102230297ns5:MotorVehicles2023-12-3102230297ns5:ComputerEquipment2023-12-3102230297ns5:PlantMachinery2022-12-3102230297ns5:MotorVehicles2022-12-3102230297ns5:ComputerEquipment2022-12-3102230297ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102230297ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102230297ns5:DeferredTaxation2022-12-3102230297ns5:DeferredTaxation2023-01-012023-12-3102230297ns5:DeferredTaxation2023-12-3102230297ns10:OrdinaryShareClass12023-12-3102230297ns5:RetainedEarningsAccumulatedLosses2022-12-3102230297ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 02230297 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

L & M IMAGING SYSTEMS LIMITED

L & M IMAGING SYSTEMS LIMITED (REGISTERED NUMBER: 02230297)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L & M IMAGING SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: T M Clough
D J Hillyard
M W Clough





REGISTERED OFFICE: 12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD





REGISTERED NUMBER: 02230297 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

L & M IMAGING SYSTEMS LIMITED (REGISTERED NUMBER: 02230297)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,885 82,374

CURRENT ASSETS
Debtors 5 21,033 42,930
Cash at bank and in hand 172,849 155,008
193,882 197,938
CREDITORS
Amounts falling due within one year 6 18,880 11,879
NET CURRENT ASSETS 175,002 186,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,887

268,433

PROVISIONS FOR LIABILITIES 7 15,721 15,651
NET ASSETS 222,166 252,782

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 222,066 252,682
SHAREHOLDERS' FUNDS 222,166 252,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 8th April 2024 and were signed on its behalf by:





T M Clough - Director


L & M IMAGING SYSTEMS LIMITED (REGISTERED NUMBER: 02230297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

L & M Imaging Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 for goods supplied and services rendered, 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.

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 - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

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.

L & M IMAGING SYSTEMS LIMITED (REGISTERED NUMBER: 02230297)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 149,586 98,673 1,933 250,192
Additions 2,222 - - 2,222
At 31st December 2023 151,808 98,673 1,933 252,414
DEPRECIATION
At 1st January 2023 125,687 40,272 1,859 167,818
Charge for year 9,860 11,778 73 21,711
At 31st December 2023 135,547 52,050 1,932 189,529
NET BOOK VALUE
At 31st December 2023 16,261 46,623 1 62,885
At 31st December 2022 23,899 58,401 74 82,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,884 26,777
Other debtors 6,427 7,053
Tax - 6,168
Prepayments and accrued income 3,722 2,932
21,033 42,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 9,126 -
VAT 3,469 6,884
Other creditors 3,020 2,976
Pensions 1,145 145
Directors' current accounts 316 175
Accrued expenses 1,804 1,699
18,880 11,879

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,721 15,651

Deferred
tax
£   
Balance at 1st January 2023 15,651
Provided during year 70
Balance at 31st December 2023 15,721

L & M IMAGING SYSTEMS LIMITED (REGISTERED NUMBER: 02230297)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 100 100 100

9. RESERVES
Retained
earnings
£   

At 1st January 2023 252,682
Profit for the year 19,384
Dividends (50,000 )
At 31st December 2023 222,066