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Company Registration No. 08969220 (England and Wales)
LDM Technology Limited Filleted unaudited financial statements for the year ended 30 April 2024
LDM Technology Limited Filleted unaudited financial statements Contents
Page
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LDM Technology Limited Company Information for the year ended 30 April 2024
Director
R J Burdge
Company Number
08969220 (England and Wales)
Registered Office
Jactin House 24 Hood Street Ancoats Manchester M4 6WX
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LDM Technology Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
685 
1,430 
Current assets
Debtors
46,579 
45,590 
Cash at bank and in hand
15,540 
19,787 
62,119 
65,377 
Creditors: amounts falling due within one year
(11,456)
(11,054)
Net current assets
50,663 
54,323 
Net assets
51,348 
55,753 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
51,347 
55,752 
Shareholders' funds
51,348 
55,753 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
R J Burdge Director Company Registration No. 08969220
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LDM Technology Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
LDM Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 08969220. The registered office is Jactin House, 24 Hood Street, Ancoats, Manchester, M4 6WX.
2
Compliance with accounting standards
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company continues to enjoy the support of the director.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received or receivable for goods and services provided in the normal course of business being that of consultancy.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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LDM Technology Limited Notes to the Accounts for the year ended 30 April 2024
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
33% straight line
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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LDM Technology Limited Notes to the Accounts for the year ended 30 April 2024
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
3,145 
2,022 
8,754 
13,921 
At 30 April 2024
3,145 
2,022 
8,754 
13,921 
Depreciation
At 1 May 2023
3,145 
1,359 
7,987 
12,491 
Charge for the year
- 
133 
612 
745 
At 30 April 2024
3,145 
1,492 
8,599 
13,236 
Net book value
At 30 April 2024
- 
530 
155 
685 
At 30 April 2023
- 
663 
767 
1,430 
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LDM Technology Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
46,579 
45,590 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
818 
Taxes and social security
- 
18 
Other creditors
11,456 
10,218 
11,456 
11,054 
7
Loans to directors
Included in other creditors are loans from the director, Mr R J Burdge, of £9,581 (2023: £8,343). These loans are interest free and repayable on demand.
8
Transactions with related parties
LDM.tv Limited A company in which Mr Burdge is a shareholder and director. Amount due from related party at 30 April 2024 £14,702 (2023: £14,935). Cottonopolis Investments Limited A company in which Mr Burdge is a shareholder and director. Amount due from related party at 30 April 2024 £30,047 (2023: £30,022).
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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