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REGISTERED NUMBER: 13203808 (England and Wales)















LMB Groundworks Ltd

Unaudited Financial Statements

For The Year Ended

29th February 2024






LMB Groundworks Ltd (Registered number: 13203808)

Contents of the Financial Statements
For The Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

LMB Groundworks Ltd

Company Information
For The Year Ended 29th February 2024







DIRECTORS: L M Brown
Miss L S Brown





REGISTERED OFFICE: Landscape
New Road
Fritton
Great Yarmouth
Norfolk
NR31 9HR





REGISTERED NUMBER: 13203808 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE

LMB Groundworks Ltd (Registered number: 13203808)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,319 18,226

CURRENT ASSETS
Debtors 5 8,934 2,871
Cash at bank 9,111 2,095
18,045 4,966
CREDITORS
Amounts falling due within one year 6 5,094 4,237
NET CURRENT ASSETS 12,951 729
TOTAL ASSETS LESS CURRENT LIABILITIES 27,270 18,955

CREDITORS
Amounts falling due after more than one year 7 (6,631 ) (10,248 )

PROVISIONS FOR LIABILITIES (2,721 ) (1,012 )
NET ASSETS 17,918 7,695

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,916 7,693
17,918 7,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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 3rd October 2024 and were signed on its behalf by:





L M Brown - Director


LMB Groundworks Ltd (Registered number: 13203808)

Notes to the Financial Statements
For The Year Ended 29th February 2024


1. STATUTORY INFORMATION

LMB Groundworks Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

LMB Groundworks Ltd (Registered number: 13203808)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st March 2023 22,701 2,600 25,301
Additions 725 - 725
At 29th February 2024 23,426 2,600 26,026
DEPRECIATION
At 1st March 2023 6,912 163 7,075
Charge for year 4,023 609 4,632
At 29th February 2024 10,935 772 11,707
NET BOOK VALUE
At 29th February 2024 12,491 1,828 14,319
At 28th February 2023 15,789 2,437 18,226

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st March 2023
and 29th February 2024 21,702
DEPRECIATION
At 1st March 2023 6,782
Charge for year 3,730
At 29th February 2024 10,512
NET BOOK VALUE
At 29th February 2024 11,190
At 28th February 2023 14,920

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,934 2,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,617 3,617
Taxation and social security 1,158 86
Other creditors 319 534
5,094 4,237

LMB Groundworks Ltd (Registered number: 13203808)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,631 10,248

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a director operated an overdrawn loan account which constitutes an advance by the company. the details were:

Balance 1 March 2024Nil
Advances962

Balance 29 February 2024962
The above advance was interest free, had no fixed repayment date and was unsecured.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
LMB Groundworks Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LMB Groundworks Ltd for the year ended 29th February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of LMB Groundworks Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LMB Groundworks Ltd and state those matters that we have agreed to state to the Board of Directors of LMB Groundworks Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LMB Groundworks Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LMB Groundworks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LMB Groundworks Ltd. You consider that LMB Groundworks Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LMB Groundworks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE


3rd October 2024