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REGISTERED NUMBER: 06024244 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LMB MECHANICAL SERVICES LIMITED

LMB MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 06024244)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LMB MECHANICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A J Bean
S Mortimer





REGISTERED OFFICE: The Old School House
2 School Street
Cleckheaton
West Yorkshire
BD19 6AF





REGISTERED NUMBER: 06024244 (England and Wales)





AUDITORS: Bohorun & Co Limited
6 Howley Park Business Village
Pullan Way
Morley
Leeds
West Yorkshire
LS27 0BZ

LMB MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 06024244)

BALANCE SHEET
31 JANUARY 2024

2024 2023
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,287 22,936

CURRENT ASSETS
Stocks 5 2,304,281 1,331,827
Debtors 6 3,957,366 1,835,092
Cash at bank and in hand 583,394 529,981
6,845,041 3,696,900
CREDITORS
Amounts falling due within one year 7 3,435,091 1,717,444
NET CURRENT ASSETS 3,409,950 1,979,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,428,237

2,002,392

CREDITORS
Amounts falling due after more than one year 8 (60,109 ) (163,144 )

PROVISIONS FOR LIABILITIES (689 ) (998 )
NET ASSETS 3,367,439 1,838,250

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,367,339 1,838,150
3,367,439 1,838,250

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 30 October 2024 and were signed on its behalf by:





S Mortimer - Director


LMB MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 06024244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

LMB Mechanical Services 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. 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.

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company's income recognition policy is when the following events occur:

i) The amount of revenue can be reliably measured,
ii) It is probable that future economic benefits will flow to the entity,
iii) and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

LMB MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 06024244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 21,712 55,740 60,422 5,914 143,788
DEPRECIATION
At 1 February 2023 16,482 41,399 59,001 3,970 120,852
Charge for year 785 2,867 355 642 4,649
At 31 January 2024 17,267 44,266 59,356 4,612 125,501
NET BOOK VALUE
At 31 January 2024 4,445 11,474 1,066 1,302 18,287
At 31 January 2023 5,230 14,341 1,421 1,944 22,936

5. STOCKS
2024 2023
(Unaudited)
£    £   
Work-in-progress 2,304,281 1,331,827

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 243,070 135,713
Amounts owed by group undertakings 2,883,223 1,391,165
Other debtors 189,368 15,000
Directors' current accounts 505,165 226,088
VAT 113,594 62,318
Prepayments 22,946 4,808
3,957,366 1,835,092

LMB MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 06024244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Other loans 103,035 103,035
Trade creditors 2,859,880 1,377,895
Tax 270,394 124,262
Social security and other taxes 59,471 43,062
Other creditors 55,138 63,372
Accrued expenses 87,173 5,818
3,435,091 1,717,444

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
(Unaudited)
£    £   
Other loans - 1-2 years 60,109 103,035
Other loans - 2-5 years - 60,109
60,109 163,144

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
(Unaudited)
£    £   
Other loans 163,144 266,179

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Divya Prakash Bohorun (Senior Statutory Auditor)
for and on behalf of Bohorun & Co Limited

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
(Unaudited)
£    £   
A J Bean
Balance outstanding at start of year 112,259 10,565
Amounts advanced 184,303 152,104
Amounts repaid - (50,410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 296,562 112,259

LMB MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 06024244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Mortimer
Balance outstanding at start of year 113,828 19,491
Amounts advanced 94,774 164,546
Amounts repaid - (70,209 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 208,602 113,828

12. RELATED PARTY DISCLOSURES

During the accounting year the company has continued to be making funds available to associate and group companies by way of a loan account and on the creditor ledger and debtor ledger. These companies have two common directors and have been on interest free terms. The total value of funds owed to the company amounts to £2,872,959 (2023- £1,391,165). These funds are unsecured and there is no fixed term for repayment.

Included within trade debtors is an amount owed by an associated company with two common directors of £207,235. These transactions were conducted on normal credit terms.

Included within trade creditors is an amount owed to an associated company with two common directors of £1,299,732. These transactions were conducted on normal credit terms.

13. ULTIMATE CONTROLLING PARTY

The controlling party of this company is LMB Group (Yorkshire) Limited which holds 100% of the share capital.

The ultimate controlling party is LMB (West Yorkshire) Holdings Limited who holds 100% of the share capital of LMB Group (Yorkshire) Limited.