2023-05-01 08977566 2024-04-30 08977566 2023-05-01 2024-04-30 08977566 2023-04-30 08977566 2022-05-01 2023-04-30 08977566 uk-core:WithinOneYear 2023-04-30 08977566 uk-core:WithinOneYear 2024-04-30 08977566 uk-core:AfterOneYear 2023-04-30 08977566 uk-core:AfterOneYear 2024-04-30 08977566 uk-core:ShareCapital 2024-04-30 08977566 uk-core:ShareCapital 2023-04-30 08977566 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 08977566 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 08977566 uk-bus:Director1 2023-05-01 2024-04-30 08977566 uk-core:ToolsEquipment 2023-05-01 2024-04-30 08977566 uk-core:MotorCars 2023-05-01 2024-04-30 08977566 uk-core:FurnitureFittings 2023-05-01 2024-04-30 08977566 uk-core:ToolsEquipment 2023-04-30 08977566 uk-core:FurnitureFittings 2023-04-30 08977566 uk-core:MotorCars 2023-04-30 08977566 uk-core:MotorCars 2024-04-30 08977566 uk-core:FurnitureFittings 2024-04-30 08977566 uk-core:ToolsEquipment 2024-04-30 08977566 uk-core:AdditionsToInvestments 2024-04-30 08977566 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-04-30 08977566 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-04-30 08977566 uk-core:CostValuation 2024-04-30 08977566 uk-core:Non-currentFinancialInstruments 2024-04-30 08977566 uk-core:WithinOneYear uk-core:Secured 2024-04-30 08977566 uk-core:WithinOneYear uk-core:Secured 2023-04-30 08977566 uk-core:WithinOneYear 2024-04-30 08977566 uk-core:WithinOneYear 2023-04-30 08977566 uk-core:AfterOneYear uk-core:Secured 2024-04-30 08977566 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 08977566 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08977566 uk-bus:FRS102 2023-05-01 2024-04-30 08977566 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 08977566 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
LMC Law Ltd
Registered Number:08977566
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
08977566
As at 30 April 2024
LMC Law Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
107,615
80,665
2
3
359,054
359,054
Investment property
Financial assets
-
1,699
4
468,368
439,719
Current assets
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
Capital and reserves
Called up share capital
110
110
Retained earnings
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.
Shanee Baker Director
These financial statements were approved and authorised for issue by the Board on 18 September 2024 and were signed by:
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4
Registered Number :
08977566
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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5
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.
Registered address:
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
25% Straight line
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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6
For the year ended 30 April 2024
LMC Law Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 May 2023
146,614
11,997
58,117
76,500
107,500
-
-
107,500
Additions
-
-
(76,500)
Disposals
(76,500)
At 30 April 2024
107,500
58,117
11,997
177,614
Provision for depreciation and impairment
At 01 May 2023
65,949
9,594
18,105
38,250
Charge for year
42,300
896
14,529
26,875
(38,250)
-
-
(38,250)
On disposal
At 30 April 2024
69,999
10,490
32,634
26,875
At 30 April 2024
Net book value
80,625
25,483
1,507
107,615
At 30 April 2023
38,250
40,012
2,403
80,665
3. Investment property
Total
£
Fair value
At 01 May 2023
359,054
At 30 April 2024
359,054
Net book value
At 30 April 2024
359,054
At 30 April 2023
359,054
4. Investments held as fixed assets
Other investments
Total
Cost
£
£
1,699
1,699
Additions
At 30 April 2024
1,699
1,699
At 30 April 2024
Net book value
1,699
1,699
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7
For the year ended 30 April 2024
LMC Law Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
22,286
27,745
Other debtors
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
Bank loans and overdraft
11,798
11,798
Taxation and social security
27,980
43,469
Other creditors
28,623
18,331
73,930
79,598
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
23,446
32,554
Bank loans and overdraft (secured)
161,896
171,426
Other creditors
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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