LMG Logistics Limited 13002783 false 2023-05-01 2023-06-30 2023-06-30 The principal activity of the company is the provision of consultancy services relating to the extension of leases on property. Digita Accounts Production Advanced 6.30.9574.0 true true 13002783 2023-05-01 2023-06-30 13002783 2023-06-30 13002783 bus:Director2 1 2023-06-30 13002783 bus:Director4 1 2023-06-30 13002783 bus:Director5 1 2023-06-30 13002783 bus:OrdinaryShareClass1 2023-06-30 13002783 core:CurrentFinancialInstruments 2023-06-30 13002783 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 13002783 core:Non-currentFinancialInstruments 2023-06-30 13002783 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 13002783 core:OtherResidualIntangibleAssets 2023-06-30 13002783 bus:SmallEntities 2023-05-01 2023-06-30 13002783 bus:AuditExemptWithAccountantsReport 2023-05-01 2023-06-30 13002783 bus:FullAccounts 2023-05-01 2023-06-30 13002783 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2023-06-30 13002783 bus:RegisteredOffice 2023-05-01 2023-06-30 13002783 bus:Director1 2023-05-01 2023-06-30 13002783 bus:Director2 2023-05-01 2023-06-30 13002783 bus:Director2 1 2023-05-01 2023-06-30 13002783 bus:Director3 2023-05-01 2023-06-30 13002783 bus:Director4 2023-05-01 2023-06-30 13002783 bus:Director4 1 2023-05-01 2023-06-30 13002783 bus:Director5 2023-05-01 2023-06-30 13002783 bus:Director5 1 2023-05-01 2023-06-30 13002783 bus:OrdinaryShareClass1 2023-05-01 2023-06-30 13002783 bus:PrivateLimitedCompanyLtd 2023-05-01 2023-06-30 13002783 core:OtherResidualIntangibleAssets 2023-05-01 2023-06-30 13002783 countries:EnglandWales 2023-05-01 2023-06-30 13002783 2023-04-30 13002783 bus:Director2 1 2023-04-30 13002783 bus:Director4 1 2023-04-30 13002783 bus:Director5 1 2023-04-30 13002783 core:OtherResidualIntangibleAssets 2023-04-30 13002783 2022-05-01 2023-04-30 13002783 2023-04-30 13002783 bus:Director2 1 2023-04-30 13002783 bus:Director4 1 2023-04-30 13002783 bus:Director5 1 2023-04-30 13002783 bus:OrdinaryShareClass1 2023-04-30 13002783 core:CurrentFinancialInstruments 2023-04-30 13002783 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13002783 core:Non-currentFinancialInstruments 2023-04-30 13002783 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13002783 core:OtherResidualIntangibleAssets 2023-04-30 13002783 bus:Director2 1 2022-05-01 2023-04-30 13002783 bus:Director4 1 2022-05-01 2023-04-30 13002783 bus:Director5 1 2022-05-01 2023-04-30 13002783 bus:Director2 1 2022-04-30 13002783 bus:Director4 1 2022-04-30 13002783 bus:Director5 1 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13002783

LMG Logistics Limited

Unaudited Filleted Financial Statements

for the Period from 1 May 2023 to 30 June 2023

 

LMG Logistics Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

LMG Logistics Limited

Company Information

Directors

Mr David Francis Hobden

Mr Guy Alexander De Jersey Lowney

Poundminster Limited

Christopher Graham Stainforth

John Justin Jones

Registered office

166 Old Brompton Road
London
SW5 0BA

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

LMG Logistics Limited

(Registration number: 13002783)
Balance Sheet as at 30 June 2023

Note

2023
£

2023
£

Fixed assets

 

Intangible assets

4

155,467

158,400

Current assets

 

Debtors

5

3,804

1,097

Cash at bank and in hand

 

40,532

1,227

 

44,336

2,324

Creditors: Amounts falling due within one year

6

(10,657)

(10,804)

Net current assets/(liabilities)

 

33,679

(8,480)

Total assets less current liabilities

 

189,146

149,920

Creditors: Amounts falling due after more than one year

6

(568,022)

(561,763)

Net liabilities

 

(378,876)

(411,843)

Capital and reserves

 

Called up share capital

7

124

117

Share premium reserve

124,983

74,990

Retained earnings

(503,983)

(486,950)

Shareholders' deficit

 

(378,876)

(411,843)

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

LMG Logistics Limited

(Registration number: 13002783)
Balance Sheet as at 30 June 2023

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
Mr Guy Alexander De Jersey Lowney
Director

.........................................
John Justin Jones
Director

 
     
 

LMG Logistics Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
166 Old Brompton Road
London
SW5 0BA
England

These financial statements were authorised for issue by the Board on 24 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

LMG Logistics Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 3).

 

LMG Logistics Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 June 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 May 2023

176,000

176,000

At 30 June 2023

176,000

176,000

Amortisation

At 1 May 2023

17,600

17,600

Amortisation charge

2,933

2,933

At 30 June 2023

20,533

20,533

Carrying amount

At 30 June 2023

155,467

155,467

At 30 April 2023

158,400

158,400

5

Debtors

Current

2023
£

2023
£

Other debtors

3,804

1,097

 

3,804

1,097

 

LMG Logistics Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2023
£

Due within one year

Trade creditors

643

615

Taxation and social security

3,262

2,187

Accruals and deferred income

1,500

1,500

Other creditors

5,252

6,502

10,657

10,804

Creditors: amounts falling due after more than one year

Note

2023
£

2023
£

Due after one year

 

Loans and borrowings

8

489,353

484,383

Other non-current financial liabilities

 

78,669

77,380

 

568,022

561,763

7

Share capital

Allotted, called up and fully paid shares

 

2023

2023

 

No.

£

No.

£

Ordinary Shares of £0.01 each

12,050

121

11,658

117

         

8

Loans and borrowings

2023
£

2023
£

Non-current loans and borrowings

Other borrowings

489,353

484,383

 

LMG Logistics Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 30 June 2023

9

Related party transactions

Transactions with directors

2023

At 1 May 2023
£

Advances to director
£

At 30 June 2023
£

Mr Guy Alexander De Jersey Lowney

Amounts owed to/(from) the Director

(926)

(2,225)

(3,151)

       
     

John Justin Jones

Amounts owed to/(from) the Director

1,251

(1,500)

(249)

       
     

Christopher Graham Stainforth

Amounts owed to/(from) the Director

5,252

-

5,252

       
     

 

2023

At 1 May 2022
£

Advances to director
£

At 30 April 2023
£

Mr Guy Alexander De Jersey Lowney

Amounts owed to/(from) the Director

5,979

(6,905)

(926)

       
     

John Justin Jones

Amounts owed to/(from) the Director

3,553

(2,302)

1,251

       
     

Christopher Graham Stainforth

Amounts owed to/(from) the Director

3,453

1,799

5,252