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REGISTERED NUMBER: 05883386 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LMM CONSULTING LIMITED

LMM CONSULTING LIMITED (REGISTERED NUMBER: 05883386)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LMM CONSULTING LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: G T R Horwitch-Smith





SECRETARY: D R R Prentis





REGISTERED OFFICE: 21 Selly Wick Road
Selly Park
Birmingham
B29 7JJ





REGISTERED NUMBER: 05883386 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

LMM CONSULTING LIMITED (REGISTERED NUMBER: 05883386)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 7,200
Tangible assets 5 5,523 2,248
5,523 9,448

CURRENT ASSETS
Debtors 6 68,326 133,011
Cash at bank 164,920 59,859
233,246 192,870
CREDITORS
Amounts falling due within one year 7 (108,040 ) (115,888 )
NET CURRENT ASSETS 125,206 76,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,729

86,430

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(27,500

)
NET ASSETS 113,229 58,930

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 112,229 57,930
SHAREHOLDERS' FUNDS 113,229 58,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2024 and were signed by:



G T R Horwitch-Smith - Director


LMM CONSULTING LIMITED (REGISTERED NUMBER: 05883386)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

LMM Consulting Limited is a private company, limited by share share capital, incorporated in England and Wales, registration number 05883386. The address of the registered office is 21 Sellywick Road, Selly Park, Birmingham, England, B29, 7JJ.

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.

The presentational currency of the financial statements is the Pound Sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Computer Equipment33% straight line method
Fixtures & Fittings20% straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


LMM CONSULTING LIMITED (REGISTERED NUMBER: 05883386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Intangible fixed assets and amortisation
Intangible fixed assets comprise apartment software development. Amortisation is provided at rates calculated to write off the cost of intangible fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Development expenditure - 20% straight line

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 36,000 30,001 66,001
AMORTISATION
At 1 April 2023 28,800 30,001 58,801
Amortisation for year 7,200 - 7,200
At 31 March 2024 36,000 30,001 66,001
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 7,200 - 7,200

LMM CONSULTING LIMITED (REGISTERED NUMBER: 05883386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,482 24,988 26,470
Additions - 5,414 5,414
At 31 March 2024 1,482 30,402 31,884
DEPRECIATION
At 1 April 2023 1,142 23,080 24,222
Charge for year 252 1,887 2,139
At 31 March 2024 1,394 24,967 26,361
NET BOOK VALUE
At 31 March 2024 88 5,435 5,523
At 31 March 2023 340 1,908 2,248

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,718 92,966
Amounts owed by group undertakings 91 143
Other debtors 3,517 39,902
68,326 133,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 49,584 31,609
Owed to group undertakings 4,336 -
Taxation and social security 26,083 31,838
Other creditors 18,037 42,441
108,040 115,888

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,500 27,500

9. SECURED DEBTS

On the 01 July 2011, Leasemethod Limited holds a charge over the assets of the company in relation to a mortgage held by Leasemethod Limited.

LMM CONSULTING LIMITED (REGISTERED NUMBER: 05883386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


10. TRANSACTIONS WITH DIRECTORS

The following advances and credit to the director subsisted during the years ended 31 March 2024 and 31 March 2023:

20242023
G T R Horwitch-Smith£   £   
Balance outstanding at start of year(626)3,226
Amounts advanced(14,113)
Amounts repaid10,221
Amounts written off
Amounts waived
Balance outstanding at end of year(626)(626)

11. RELATED PARTY DISCLOSURES

As at 31 March 2024 £91 (2023: £3,131) was due from and £4,336 (2023: £2,488) was owed to companies with common directorship.