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REGISTERED NUMBER: OC326237 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

L&M Contractors LLP

L&M Contractors LLP (Registered number: OC326237)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L&M Contractors LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: L D J Hancock
J Hancock





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: OC326237 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

L&M Contractors LLP (Registered number: OC326237)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,463 11,285

CURRENT ASSETS
Stocks 2,500 3,000
Debtors 138,233 124,372
Cash at bank and in hand 14,494 5,267
155,227 132,639
CREDITORS
Amounts falling due within one year 5 (23,218 ) (27,577 )
NET CURRENT ASSETS 132,009 105,062
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

140,472

116,347

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

140,472

116,347

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 140,472 116,347
Amounts due from members (138,233 ) (124,372 )
2,239 (8,025 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

L&M Contractors LLP (Registered number: OC326237)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15 November 2024 and were signed by:





L D J Hancock - Designated member

L&M Contractors LLP (Registered number: OC326237)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

L&M Contractors LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 33,298
DEPRECIATION
At 1 April 2023 22,013
Charge for year 2,822
At 31 March 2024 24,835
NET BOOK VALUE
At 31 March 2024 8,463
At 31 March 2023 11,285

L&M Contractors LLP (Registered number: OC326237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 120 4,277
Taxation and social security 5,281 5,525
Other creditors 17,817 17,775
23,218 27,577

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank below other creditors