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REGISTERED NUMBER: 04948131 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LMA Services Limited

LMA Services Limited (Registered number: 04948131)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


LMA Services Limited

Company Information
for the Year Ended 31 December 2023







Directors: Mr. G A F Todd
Mr. G K Todd
Mrs J Todd
Mrs B F Todd





Registered office: LMA House
Halifax Way
Pocklington Industrial Estate
Pocklington
East Yorkshire
YO42 1NR





Registered number: 04948131 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

LMA Services Limited (Registered number: 04948131)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,121,339 2,132,603
Investments 6 31,345 31,345
2,152,684 2,163,948

CURRENT ASSETS
Stocks 1,302,102 1,240,097
Debtors 7 600,199 529,467
Cash at bank and in hand 994,293 699,086
2,896,594 2,468,650
CREDITORS
Amounts falling due within one year 8 802,341 559,289
NET CURRENT ASSETS 2,094,253 1,909,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,246,937

4,073,309

CREDITORS
Amounts falling due after more than one
year

9

(549,222

)

(566,345

)

PROVISIONS FOR LIABILITIES 10 (59,480 ) (88,026 )
NET ASSETS 3,638,235 3,418,938

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 3,638,035 3,418,738
SHAREHOLDERS' FUNDS 3,638,235 3,418,938

LMA Services Limited (Registered number: 04948131)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





Mr. G A F Todd - Director


LMA Services Limited (Registered number: 04948131)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

LMA Services 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.

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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost and 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


LMA Services Limited (Registered number: 04948131)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 51 (2022 - 41 ) .

LMA Services Limited (Registered number: 04948131)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 90,000
AMORTISATION
At 1 January 2023
and 31 December 2023 90,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 1,723,091 315,314 925,574
Additions - - 80,467
Disposals - - -
At 31 December 2023 1,723,091 315,314 1,006,041
DEPRECIATION
At 1 January 2023 53,786 12,610 821,806
Charge for year - 6,307 64,744
At 31 December 2023 53,786 18,917 886,550
NET BOOK VALUE
At 31 December 2023 1,669,305 296,397 119,491
At 31 December 2022 1,669,305 302,704 103,768

LMA Services Limited (Registered number: 04948131)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 109,653 30,830 3,104,462
Additions - - 80,467
Disposals - (11,080 ) (11,080 )
At 31 December 2023 109,653 19,750 3,173,849
DEPRECIATION
At 1 January 2023 73,164 10,493 971,859
Charge for year 7,286 2,314 80,651
At 31 December 2023 80,450 12,807 1,052,510
NET BOOK VALUE
At 31 December 2023 29,203 6,943 2,121,339
At 31 December 2022 36,489 20,337 2,132,603

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 31,345
NET BOOK VALUE
At 31 December 2023 31,345
At 31 December 2022 31,345

LMA Services Limited (Registered number: 04948131)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 575,509 362,644
Corporation tax 21,164 81,380
Prepayments and accrued income 3,526 85,443
600,199 529,467

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 24,937 27,972
Hire purchase contracts 12,500 -
Trade creditors 642,951 453,581
Amounts owed to group undertakings 1,446 2,538
Social security and other taxes 29,123 20,150
VAT 86,245 49,480
Directors' current accounts - 876
Accruals and deferred income 5,139 4,692
802,341 559,289

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loan 544,014 566,345
Hire purchase contracts 5,208 -
549,222 566,345

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 59,480 88,026

LMA Services Limited (Registered number: 04948131)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 88,026
Provided during year (28,546 )
Balance at 31 December 2023 59,480

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
4 A Ordinary £1 4 4
65 B Ordinary £1 65 65
20 C Ordinary £1 20 20
11 D Ordinary £1 11 11
200 200