LBJB LIMITED

Company Registration Number:
11351466 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

LBJB LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LBJB LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Other operating income: 63,000 75,000
Operating profit(or loss): 63,000 75,000
Profit(or loss) before tax: 63,000 75,000
Profit(or loss) for the financial year: 63,000 75,000

LBJB LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Investments: 3 50 50
Total fixed assets: 50 50
Current assets
Debtors: 4 100 100
Total current assets: 100 100
Creditors: amounts falling due within one year: 5 ( 50 ) ( 50 )
Net current assets (liabilities): 50 50
Total assets less current liabilities: 100 100
Total net assets (liabilities): 100 100
Capital and reserves
Called up share capital: 100 100
Total Shareholders' funds: 100 100

The notes form part of these financial statements

LBJB LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 October 2024
and signed on behalf of the board by:

Name: Joanne Brimecombe
Status: Director

The notes form part of these financial statements

LBJB LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Dividend Income - this is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably). Impairment of assets - assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment is recognised in the Income Statement of Statement Income and Retained Earnings. Trade and other debtors - these are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less immaterial losses for bad and doubtful debts. Trade and other creditors - these are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. Financial instruments - financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Financial assets are liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends to settle on a net basis, or to realise the asset and settle the liability simultaneously. Investments - investments in non-convertible preference share and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Income Statement or Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Ordinary share capital - the ordinary share capital of the Company is presented as equity.

LBJB LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

LBJB LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Fixed assets investments note

The carrying value as at 31 May 2024 and 31 May 2023 was £50. There is no provision for impairment.

LBJB LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 100 100
Total 100 100

LBJB LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 50 50
Total 50 50

LBJB LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Loans to directors

There are no loans to directors as at 31 May 2024 or 31 May 2023. Related party transactions during the year relate to dividend income received and which has been paid to the directors - 2024: £63,000 (2023: £75,000).