Company Registration No. 07246843 (England and Wales)
LME INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 May 2024
LME INVESTMENTS LIMITED
Unaudited accounts
Contents
LME INVESTMENTS LIMITED
Company Information
for the year ended 31 May 2024
Director
Mohammad Afzal Wahla
Company Number
07246843 (England and Wales)
Registered Office
17 BRIDGE STREET
LEATHERHEAD
KT22 8BL
ENGLAND
LME INVESTMENTS LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
14,269
2,362
Cash at bank and in hand
147,272
(5,921)
Creditors: amounts falling due within one year
(52,687)
(2,282)
Net current assets
187,793
69,616
Total assets less current liabilities
202,062
71,978
Creditors: amounts falling due after more than one year
(77,421)
(83,474)
Net assets/(liabilities)
124,641
(11,496)
Called up share capital
100
100
Profit and loss account
124,541
(11,596)
Shareholders' funds
124,641
(11,496)
For the year ending 31 May 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 31 December 2024 and were signed on its behalf by
Mohammad Afzal Wahla
Director
Company Registration No. 07246843
LME INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
LME INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07246843. The registered office is 17 BRIDGE STREET, LEATHERHEAD, KT22 8BL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
4
Intangible fixed assets
Other
LME INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
1,100
3,163
1,843
6,106
Additions
14,500
-
710
15,210
At 31 May 2024
15,600
3,163
2,553
21,316
At 1 June 2023
396
3,163
185
3,744
Charge for the year
2,913
-
390
3,303
At 31 May 2024
3,309
3,163
575
7,047
At 31 May 2024
12,291
-
1,978
14,269
At 31 May 2023
704
-
1,658
2,362
Amounts falling due within one year
Other debtors
93,208
77,819
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Creditors: amounts falling due within one year
2024
2023
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
43,375
35,092
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Average number of employees
During the year the average number of employees was 33 (2023: 31).