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REGISTERED NUMBER: 14034456 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

LM Resource Ltd

LM Resource Ltd (Registered number: 14034456)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LM Resource Ltd

Company Information
for the Year Ended 30th April 2024







DIRECTOR: L McKay





SECRETARY:





REGISTERED OFFICE: 25 Barnsley Road
Moorends
Doncaster
DN8 4RE





REGISTERED NUMBER: 14034456 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

LM Resource Ltd (Registered number: 14034456)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Cash at bank 46,969 44,896

CREDITORS
Amounts falling due within one year 4 14,422 19,220
NET CURRENT ASSETS 32,547 25,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,547

25,676

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 6 32,546 25,675
SHAREHOLDERS' FUNDS 32,547 25,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29th July 2024 and were signed by:




L McKay - Director


LM Resource Ltd (Registered number: 14034456)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

LM Resource Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

LM Resource Ltd (Registered number: 14034456)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 12,518 17,555
Directors' current accounts 991 812
Accrued expenses 913 853
14,422 19,220

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary Shares 1 1 1

6. RESERVES
Retained
earnings
£   

At 1st May 2023 25,675
Profit for the year 48,871
Dividends (42,000 )
At 30th April 2024 32,546