IRIS Accounts Production v24.1.0.578 14761820 Board of Directors 27.3.23 31.1.24 31.1.24 30.10.2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh147618202023-03-26147618202024-01-31147618202023-03-272024-01-31147618202023-03-2614761820ns15:EnglandWales2023-03-272024-01-3114761820ns14:PoundSterling2023-03-272024-01-3114761820ns10:Director12023-03-272024-01-3114761820ns10:PrivateLimitedCompanyLtd2023-03-272024-01-3114761820ns10:SmallEntities2023-03-272024-01-3114761820ns10:Audited2023-03-272024-01-3114761820ns10:SmallCompaniesRegimeForDirectorsReport2023-03-272024-01-3114761820ns10:SmallCompaniesRegimeForAccounts2023-03-272024-01-3114761820ns10:FullAccounts2023-03-272024-01-3114761820ns10:Director22023-03-272024-01-3114761820ns10:Director32023-03-272024-01-3114761820ns10:RegisteredOffice2023-03-272024-01-3114761820ns5:CurrentFinancialInstruments2024-01-3114761820ns5:ShareCapital2024-01-3114761820ns5:RetainedEarningsAccumulatedLosses2024-01-3114761820ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3114761820ns10:Director222023-03-2614761820ns10:Director222023-03-272024-01-3114761820ns10:Director222024-01-31147618201ns10:Director12023-03-26147618201ns10:Director12023-03-272024-01-31147618201ns10:Director12024-01-3114761820ns10:Director332023-03-2614761820ns10:Director332023-03-272024-01-3114761820ns10:Director332024-01-31
REGISTERED NUMBER: 14761820 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 27 MARCH 2023 TO 31 JANUARY 2024

FOR

LMB MECHANICAL SERVICES (MIDLANDS)
LIMITED

LMB MECHANICAL SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 14761820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 MARCH 2023 TO 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LMB MECHANICAL SERVICES (MIDLANDS)
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 27 MARCH 2023 TO 31 JANUARY 2024







DIRECTORS: A J Bean
S Mortimer
D Phillips





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





REGISTERED NUMBER: 14761820 (England and Wales)





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

LMB MECHANICAL SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 14761820)

BALANCE SHEET
31 JANUARY 2024

Notes £   
CURRENT ASSETS
Stocks 4 68,876
Debtors 5 157,206
Cash at bank 20,373
246,455
CREDITORS
Amounts falling due within one year 6 295,824
NET CURRENT LIABILITIES (49,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,369

)

CAPITAL AND RESERVES
Called up share capital 300
Retained earnings (49,669 )
SHAREHOLDERS' FUNDS (49,369 )

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 (MIDLANDS)
LIMITED (REGISTERED NUMBER: 14761820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 MARCH 2023 TO 31 JANUARY 2024

1. STATUTORY INFORMATION

LMB Mechanical Services (Midlands) 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.

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 period 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 period 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
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.

Going concern
The accounts have been drawn up on a going concern basis. However the company accounts show a loss for the period of £49,669 and the balance sheet shows an insolvent position of £49,369 which would seem to indicate that the company may not be able to continue in existence. The company is dependent on the support of a preferential loan facility granted by an associated business to support the company and enable it to meet its commitments as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

LMB MECHANICAL SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 14761820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 MARCH 2023 TO 31 JANUARY 2024

4. STOCKS
£   
Work-in-progress 68,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 125,610
Directors' current accounts 6,300
VAT 19,962
Prepayments 5,334
157,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 184,743
Social security and other taxes 5,644
Other creditors 87,327
Accrued expenses 18,110
295,824

7. 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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

£   
A J Bean
Balance outstanding at start of period -
Amounts advanced 100
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 100

S Mortimer
Balance outstanding at start of period -
Amounts advanced 100
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 100

LMB MECHANICAL SERVICES (MIDLANDS)
LIMITED (REGISTERED NUMBER: 14761820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 MARCH 2023 TO 31 JANUARY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D Phillips
Balance outstanding at start of period -
Amounts advanced 6,100
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 6,100

9. RELATED PARTY DISCLOSURES

During the accounting period the company was in receipt of funds from an associated company with two common directors on interest free terms to the value of £87,327. This amount is unsecured and there is no fixed term for repayment.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are the shareholders of the business, namely Mr Andrew Bean, Mr Stephen Mortimer and Mr Darren Phillips who hold 100% of the issued share capital.