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REGISTERED NUMBER: 04084049 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

L & J MANAGEMENT LIMITED

L & J MANAGEMENT LIMITED (REGISTERED NUMBER: 04084049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & J MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J M Beiro Fernandez
Mr L R Rivero





SECRETARY: Mr L R Rivero





REGISTERED OFFICE: Office No. 3
Anchor Warehouse
Anchor Quay
PENRYN
Cornwall
TR10 8GZ





REGISTERED NUMBER: 04084049 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

L & J MANAGEMENT LIMITED (REGISTERED NUMBER: 04084049)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,458 12,012

CURRENT ASSETS
Stocks - 76,500
Debtors 6 28,330 44,448
Cash at bank and in hand 349,102 49,114
377,432 170,062
CREDITORS
Amounts falling due within one year 7 110,969 52,378
NET CURRENT ASSETS 266,463 117,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,921

129,696

PROVISIONS FOR LIABILITIES 2,119 2,055
NET ASSETS 273,802 127,641

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 272,802 126,641
SHAREHOLDERS' FUNDS 273,802 127,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 & J MANAGEMENT LIMITED (REGISTERED NUMBER: 04084049)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2024 and were signed on its behalf by:





Mr L R Rivero - Director


L & J MANAGEMENT LIMITED (REGISTERED NUMBER: 04084049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

L & J Management 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

L & J MANAGEMENT LIMITED (REGISTERED NUMBER: 04084049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 82,983 12,157 95,140
Additions - 881 881
At 31 December 2023 82,983 13,038 96,021
DEPRECIATION
At 1 January 2023 75,033 8,095 83,128
Charge for year 1,804 1,631 3,435
At 31 December 2023 76,837 9,726 86,563
NET BOOK VALUE
At 31 December 2023 6,146 3,312 9,458
At 31 December 2022 7,950 4,062 12,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,853 36,467
Other debtors 6,477 7,981
28,330 44,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,734 22,585
Taxation and social security 84,174 13,600
Other creditors 18,061 16,193
110,969 52,378

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 14,400 21,600

L & J MANAGEMENT LIMITED (REGISTERED NUMBER: 04084049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J M Beiro Fernandez
Balance outstanding at start of year (1,417 ) (1,444 )
Amounts advanced 30,347 29,027
Amounts repaid (30,000 ) (29,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,070 ) (1,417 )

Mr L R Rivero
Balance outstanding at start of year (9,338 ) (9,776 )
Amounts advanced 28,598 29,438
Amounts repaid (30,000 ) (29,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,740 ) (9,338 )

The above loans are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Mr J M Beiro and Mr L R Rivero, the directors', are the ultimate controlling parties by virtue of their shareholding.