Registered number
07433659
L M Communications Limited
Filleted Accounts
30 November 2023
L M Communications Limited
Registered number: 07433659
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 77,827 8,995
Current assets
Debtors 4 524,695 433,921
Cash at bank and in hand - 15,120
524,695 449,041
Creditors: amounts falling due within one year 5 (499,757) (362,088)
Net current assets 24,938 86,953
Total assets less current liabilities 102,765 95,948
Creditors: amounts falling due after more than one year 6 (53,737) (74,647)
Net assets 49,028 21,301
Capital and reserves
Called up share capital 113 113
Share premium 475 475
Profit and loss account 48,440 20,713
Shareholders' funds 49,028 21,301
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L M Mingay
Director
Approved by the board on 6 March 2024
L M Communications Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 25% straight Line
Leasehold improvements 25% straight Line
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 42,263 84,041 126,304
Additions 75,307 15,134 90,441
At 30 November 2023 117,570 99,175 216,745
Depreciation
At 1 December 2022 42,262 75,047 117,309
Charge for the year 18,826 2,783 21,609
At 30 November 2023 61,088 77,830 138,918
Net book value
At 30 November 2023 56,482 21,345 77,827
At 30 November 2022 1 8,994 8,995
4 Debtors 2023 2022
£ £
Trade debtors 466,695 375,921
Other debtors 58,000 58,000
524,695 433,921
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 50,810 198,933
Trade creditors 56,548 31,002
Taxation and social security costs 166,802 132,153
Other creditors 225,597 -
499,757 362,088
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 53,737 74,647
7 Other information
L M Communications Limited is private company limited by shares and incorporated in England. Its registered office is:
45-46 Albemarle Street
London
W1S 4JL
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