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REGISTERED NUMBER: 13921868 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LMS WOOLLARD LTD

LMS WOOLLARD LTD (REGISTERED NUMBER: 13921868)






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


LMS WOOLLARD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L M Woollard





SECRETARY:





REGISTERED OFFICE: 19 Market Place
Kendal
Cumbria
LA9 4TP





REGISTERED NUMBER: 13921868 (England and Wales)





ACCOUNTANTS: Mitchinsons Accountants
22 Market Place
Kendal
Cumbria
LA9 4TN

LMS WOOLLARD LTD (REGISTERED NUMBER: 13921868)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4,270 4,770
Debtors 4 908 4,665
Cash at bank and in hand 18,589 5,824
23,767 15,259
CREDITORS
Amounts falling due within one year 5 14,334 14,817
NET CURRENT ASSETS 9,433 442
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,433

442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,333 342
9,433 442

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





L M Woollard - Director


LMS WOOLLARD LTD (REGISTERED NUMBER: 13921868)

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

1. STATUTORY INFORMATION

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

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.

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 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245 1,894
Other debtors 663 2,771
908 4,665

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,748 9,540
Taxation and social security 3,806 2,074
Other creditors 2,780 3,203
14,334 14,817

LMS WOOLLARD LTD (REGISTERED NUMBER: 13921868)

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

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
L M Woollard
Balance outstanding at start of year 1,907 -
Amounts advanced - 1,907
Amounts repaid (1,907 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,907

7. ULTIMATE CONTROLLING PARTY

The controlling party is L M Woollard.