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REGISTERED NUMBER: 05962699 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LMDB LIMITED
TRADING AS
LMDB ACCOUNTANTS

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LMDB LIMITED
TRADING AS LMDB ACCOUNTANTS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Laws FCCA
S A Murray FCCA
S Diomedou FCA FCCA BA(Hons)
S D Jaquet FCCA
P Hare FCCA





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 05962699 (England and Wales)






LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,684 35,444
Tangible assets 5 9,173 9,111
Investments 6 2,000 2,000
Investment property 7 173,958 173,958
202,815 220,513

CURRENT ASSETS
Debtors 8 149,322 109,955
Cash at bank and in hand 358,032 448,074
507,354 558,029
CREDITORS
Amounts falling due within one year 9 260,699 253,143
NET CURRENT ASSETS 246,655 304,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,470

525,399

CREDITORS
Amounts falling due after more than
one year

10

(19,247

)

(71,921

)

PROVISIONS FOR LIABILITIES (2,125 ) (2,072 )
NET ASSETS 428,098 451,406

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 3,075 3,170
Capital redemption reserve 95 -
Retained earnings 424,928 448,236
SHAREHOLDERS' FUNDS 428,098 451,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 21 August 2024 and were signed on its behalf by:





S A Murray FCCA - Director


LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

LMDB 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors are not aware of any estimates or assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Turnover
Turnover represents net invoiced sales of accountancy services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill is being amortised in accordance with an estimated useful life of 10 years from April 2015 following the adoption of FRS 102.

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.
Plant and machinery etc - 100% on cost, 20% on cost and 15% on cost

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual rights to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.


LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023 264,556
Charge for year 17,760
At 31 March 2024 282,316
NET BOOK VALUE
At 31 March 2024 17,684
At 31 March 2023 35,444

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 162,636
Additions 5,783
Disposals (45,474 )
At 31 March 2024 122,945
DEPRECIATION
At 1 April 2023 153,525
Charge for year 5,419
Eliminated on disposal (45,172 )
At 31 March 2024 113,772
NET BOOK VALUE
At 31 March 2024 9,173
At 31 March 2023 9,111

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Debentures 2,000 2,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 173,958
NET BOOK VALUE
At 31 March 2024 173,958
At 31 March 2023 173,958

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,150 57,803
Amounts recoverable on contract 18,984 19,039
Other debtors 51,188 33,113
149,322 109,955

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,019 21,747
Taxation and social security 190,144 166,214
Other creditors 37,536 65,182
260,699 253,143

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 19,247 71,921

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
539 A ordinary £1 539 500
(2023 - 500 )
500 B ordinary £1 500 500
500 C ordinary £1 500 500
500 D ordinary £1 500 500
248 E ordinary £1 248 620
(2023 - 620 )
248 F ordinary £1 248 10
(2023 - 10)
10 G ordinary £1 10 10
10 H ordinary £1 10 10
10 I ordinary £1 10 10
10 J ordinary £1 10 10
500 K ordinary £1 500 500
3,075 3,170

LMDB LIMITED (REGISTERED NUMBER: 05962699)
TRADING AS LMDB ACCOUNTANTS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. CALLED UP SHARE CAPITAL - continued

All classes of shares rank pari passu, with the exception of the A ordinary and F ordinary shares, which provide no rights to income or voting.