Registered number
10591614
Lexmar-UK Ltd
Filleted Accounts
31 January 2024
Lexmar-UK Ltd
Registered number: 10591614
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 271 271
Tangible assets 4 - 364
Investments 5 165,069 165,069
165,340 165,704
Current assets
Debtors 6 56,970 56,219
Cash at bank and in hand 486 1,398
57,456 57,617
Creditors: amounts falling due within one year 7 (164,342) (164,342)
Net current liabilities (106,886) (106,725)
Total assets less current liabilities 58,454 58,979
Creditors: amounts falling due after more than one year 8 (21,494) (21,494)
Net assets 36,960 37,485
Capital and reserves
Called up share capital 30,000 30,000
Share premium 50,000 50,000
Other reserves 8,039 8,039
Profit and loss account (51,079) (50,554)
Shareholders' funds 36,960 37,485
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs L F G Mawjee
Director
Approved by the board on 13 October 2024
Lexmar-UK Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Cost
At 1 February 2023 271
At 31 January 2024 271
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 271
At 31 January 2023 271
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 1,816 4,371 6,187
At 31 January 2024 1,816 4,371 6,187
Depreciation
At 1 February 2023 1,452 4,371 5,823
Charge for the year 364 - 364
At 31 January 2024 1,816 4,371 6,187
Net book value
At 31 January 2024 - - -
At 31 January 2023 364 - 364
5 Investments
Other
investments
£
Cost
At 1 February 2023 165,069
At 31 January 2024 165,069
6 Debtors 2024 2023
£ £
Other debtors 56,970 56,219
7 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 164,342 164,342
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 21,494 21,494
9 Other information
Lexmar-UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Somerset Gardens
London
SW16 4UZ
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