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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
Page
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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
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LME INVESTMENTS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,269 
2,362 
Current assets
Debtors
93,208 
77,819 
Cash at bank and in hand
147,272 
(5,921)
240,480 
71,898 
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)
Capital and reserves
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
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LME INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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 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).
Presentation currency
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:
Motor vehicles
20%
Computer equipment
10%
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
45,239 
At 31 May 2024
45,239 
Amortisation
At 1 June 2023
45,239 
At 31 May 2024
45,239 
Net book value
At 31 May 2024
- 
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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 
Depreciation
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 
Net book value
At 31 May 2024
12,291 
- 
1,978 
14,269 
At 31 May 2023
704 
- 
1,658 
2,362 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
93,208 
77,819 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
52,687 
2,282 
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 
£ 
£ 
Bank loans
34,046 
39,192 
Loans from directors
43,375 
35,092 
Accruals
- 
9,190 
77,421 
83,474 
9
Average number of employees
During the year the average number of employees was 33 (2023: 31).
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