LSL SM9 Ltd 15526627 false 2024-02-27 2025-02-28 2025-02-28 The principal activity of the company is marketing and lottery sales. Digita Accounts Production Advanced 6.30.9574.0 true true 15526627 2024-02-27 2025-02-28 15526627 2025-02-28 15526627 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-02-28 15526627 core:CurrentFinancialInstruments 2025-02-28 15526627 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 15526627 bus:SmallEntities 2024-02-27 2025-02-28 15526627 bus:AuditExemptWithAccountantsReport 2024-02-27 2025-02-28 15526627 bus:FilletedAccounts 2024-02-27 2025-02-28 15526627 bus:SmallCompaniesRegimeForAccounts 2024-02-27 2025-02-28 15526627 bus:RegisteredOffice 2024-02-27 2025-02-28 15526627 bus:Director1 2024-02-27 2025-02-28 15526627 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-02-27 2025-02-28 15526627 bus:PrivateLimitedCompanyLtd 2024-02-27 2025-02-28 15526627 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-02-27 2025-02-28 15526627 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity core:TransfersResearchDevelopment 2024-02-27 2025-02-28 15526627 countries:EnglandWales 2024-02-27 2025-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15526627

LSL SM9 Ltd

Unaudited Filleted Financial Statements

for the Period from 27 February 2024 to 28 February 2025

 

LSL SM9 Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

LSL SM9 Ltd

(Registration number: 15526627)
Balance Sheet as at 28 February 2025

Note

2025
£

Current assets

 

Stocks

438

Debtors

4

32,074

Cash at bank and in hand

 

7,987

 

40,499

Creditors: Amounts falling due within one year

5

(40,981)

Net liabilities

 

(482)

Capital and reserves

 

Called up share capital

6

1

Retained earnings

(483)

Shareholders' deficit

 

(482)

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 April 2025
 

.........................................
Mr N M Palich
Director

 

LSL SM9 Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2024 to 28 February 2025

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:
6 Inskip Spaces
Inskip Street
Padiham
Lancashire
BB12 8BP

These financial statements were authorised for issue by the director on 7 April 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

LSL SM9 Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2024 to 28 February 2025

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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 the director) during the period, was 1.

4

Debtors

2025
£

Trade debtors

32,073

Other debtors

1

32,074

 

LSL SM9 Ltd

Notes to the Unaudited Financial Statements for the Period from 27 February 2024 to 28 February 2025

5

Creditors

2025
£

Due within one year

Trade creditors

14,186

Accruals

600

Other creditors

26,195

40,981

6

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary shares of £1 each

1

1

   

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

TGSL Limited
 

Expenditure with and payables to related parties

2025

Entities with joint control or significant influence
£

Management fees

18,858