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Company Registration No. 07010794 (England and Wales)
LMAC Ltd Unaudited accounts for the year ended 31 March 2024
LMAC Ltd Unaudited accounts Contents
Page
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LMAC Ltd Company Information for the year ended 31 March 2024
Director
Ms E McOwat
Company Number
07010794 (England and Wales)
Registered Office
14 Wick Hall Furze Hill Hove East Sussex BN3 1NF United Kingdom
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LMAC Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
735 
1,410 
Current assets
Debtors
1,225 
4,779 
Cash at bank and in hand
45,632 
37,967 
46,857 
42,746 
Creditors: amounts falling due within one year
(3,912)
(4,761)
Net current assets
42,945 
37,985 
Net assets
43,680 
39,395 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,580 
39,295 
Shareholders' funds
43,680 
39,395 
For the year ending 31 March 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 her 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 16 February 2025 and were signed on its behalf by
Ms E McOwat Director Company Registration No. 07010794
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LMAC Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
LMAC Ltd is a private company, limited by shares, registered in England and Wales, registration number 07010794. The registered office is 14 Wick Hall, Furze Hill, Hove, East Sussex, BN3 1NF, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25%
Computer equipment
33%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
365 
2,045 
2,410 
At 31 March 2024
365 
2,045 
2,410 
Depreciation
At 1 April 2023
365 
635 
1,000 
Charge for the year
- 
675 
675 
At 31 March 2024
365 
1,310 
1,675 
Net book value
At 31 March 2024
- 
735 
735 
At 31 March 2023
- 
1,410 
1,410 
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LMAC Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,898 
Accrued income and prepayments
1,225 
2,881 
1,225 
4,779 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,270 
- 
Other creditors
2,642 
4,761 
3,912 
4,761 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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