Registered Number:08977566 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
LMC Law Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
LMC Law Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
107,615
80,665
2
3
359,054
359,054
-
1,699
4
468,368
439,719
Trade and other receivables |
27,953
24,984
5
217,033
Cash and cash equivalents |
155,052
180,036
244,986
Trade and other payables: amounts falling due within one |
year |
(79,598)
(73,930)
6
165,388
106,106
Net current assets
Total assets less current liabilities |
574,474
605,107
Trade and other payables: amounts falling due after more |
than one year |
(203,980)
(211,592)
7
362,882
Net assets
401,127
110
110
362,772
401,017
362,882
401,127
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 18 September 2024 and were signed by: |
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For the year ended 30 April 2024
LMC Law Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 April 2024
LMC Law Ltd
Notes to the Financial Statements
Statutory Information
LMC Law Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
08977566. |
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
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. |
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 April 2024
LMC Law Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
146,614
11,997
58,117
76,500
107,500
-
-
107,500
-
-
(76,500)
(76,500)
107,500
58,117
11,997
177,614
Provision for depreciation and impairment |
65,949
9,594
18,105
38,250
Charge for year
42,300
896
14,529
26,875
(38,250)
-
-
(38,250)
69,999
10,490
32,634
26,875
80,625
25,483
1,507
107,615
38,250
40,012
2,403
80,665
359,054
359,054
359,054
359,054
4. Investments held as fixed assets |
1,699
1,699
1,699
1,699
1,699
1,699
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For the year ended 30 April 2024
LMC Law Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
22,286
27,745
2,698
208
27,953
24,984
6. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
5,529
6,000
11,798
11,798
Taxation and social security |
27,980
43,469
28,623
18,331
73,930
79,598
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
23,446
32,554
Bank loans and overdraft (secured) |
161,896
171,426
26,250
-
211,592
203,980
8. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 5)
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