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REGISTERED NUMBER: 10464670 (England and Wales)















L M W DEVELOPMENT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






L M W DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 10464670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

L M W DEVELOPMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R Logan
J J Watts





SECRETARY:





REGISTERED OFFICE: 2 Five Acres
Cawthorne
Barnsley
S75 4HZ





REGISTERED NUMBER: 10464670 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

L M W DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 10464670)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 26,119 41,175

CURRENT ASSETS
Inventories 1,841,001 1,735,263
Debtors 5 74,280 67,822
Cash at bank 223,854 100,384
2,139,135 1,903,469
CREDITORS
Amounts falling due within one year 6 2,015,593 1,805,282
NET CURRENT ASSETS 123,542 98,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,661

139,362

CREDITORS
Amounts falling due after more than one
year

7

23,468

43,475
NET ASSETS 126,193 95,887

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 126,192 95,886
SHAREHOLDERS' FUNDS 126,193 95,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

L M W DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 10464670)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 15 March 2024 and were signed on its behalf by:




R Logan - Director



J J Watts - Director


L M W DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 10464670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

L M W Development Solutions 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 25% on cost
Motor Vehicles - 20% on cost
Computer Equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

L M W DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 10464670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2022 40,441 28,118 4,319 72,878
Additions 2,416 - - 2,416
At 30 November 2023 42,857 28,118 4,319 75,294
DEPRECIATION
At 1 December 2022 14,297 16,871 535 31,703
Charge for year 10,489 5,623 1,360 17,472
At 30 November 2023 24,786 22,494 1,895 49,175
NET BOOK VALUE
At 30 November 2023 18,071 5,624 2,424 26,119
At 30 November 2022 26,144 11,247 3,784 41,175

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Machinery Vehicles Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 28,920 28,118 57,038
DEPRECIATION
At 1 December 2022 11,448 16,871 28,319
Charge for year 7,230 5,623 12,853
At 30 November 2023 18,678 22,494 41,172
NET BOOK VALUE
At 30 November 2023 10,242 5,624 15,866
At 30 November 2022 17,472 11,247 28,719

L M W DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 10464670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 74,280 67,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,394,545 10,757
Hire purchase contracts 9,887 11,097
Trade creditors 219,076 176,478
Taxation and social security 34,573 37,385
Other creditors 357,512 1,569,565
2,015,593 1,805,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,660 25,780
Hire purchase contracts 7,808 17,695
23,468 43,475

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
R Logan
Balance outstanding at start of year 21,748 9,063
Amounts advanced 28,252 21,748
Amounts repaid (412 ) (9,063 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,588 21,748

L M W DEVELOPMENT SOLUTIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
L M W DEVELOPMENT SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


15 March 2024