IRIS Accounts Production v25.1.0.734 13550683 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135506832023-08-31135506832024-08-31135506832023-09-012024-08-31135506832022-08-31135506832022-09-012023-08-31135506832023-08-3113550683ns15:EnglandWales2023-09-012024-08-3113550683ns14:PoundSterling2023-09-012024-08-3113550683ns10:Director12023-09-012024-08-3113550683ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3113550683ns10:SmallEntities2023-09-012024-08-3113550683ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3113550683ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3113550683ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3113550683ns10:FullAccounts2023-09-012024-08-3113550683ns10:RegisteredOffice2023-09-012024-08-3113550683ns5:CurrentFinancialInstruments2024-08-3113550683ns5:CurrentFinancialInstruments2023-08-3113550683ns5:Non-currentFinancialInstruments2024-08-3113550683ns5:Non-currentFinancialInstruments2023-08-3113550683ns5:ShareCapital2024-08-3113550683ns5:ShareCapital2023-08-3113550683ns5:RetainedEarningsAccumulatedLosses2024-08-3113550683ns5:RetainedEarningsAccumulatedLosses2023-08-3113550683ns5:MotorVehicles2023-09-012024-08-3113550683ns5:ComputerEquipment2023-09-012024-08-3113550683ns5:FurnitureFittings2023-08-3113550683ns5:MotorVehicles2023-08-3113550683ns5:ComputerEquipment2023-08-3113550683ns5:FurnitureFittings2023-09-012024-08-3113550683ns5:FurnitureFittings2024-08-3113550683ns5:MotorVehicles2024-08-3113550683ns5:ComputerEquipment2024-08-3113550683ns5:FurnitureFittings2023-08-3113550683ns5:MotorVehicles2023-08-3113550683ns5:ComputerEquipment2023-08-3113550683ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3113550683ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 13550683 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

LHSM Ltd

LHSM Ltd (Registered number: 13550683)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LHSM Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs K Brown





REGISTERED OFFICE: Unit 6
Sherwood Industrial Estate
Robin Hood
Wakefield
WF3 3EL





REGISTERED NUMBER: 13550683 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

LHSM Ltd (Registered number: 13550683)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 72,503 76,959

CURRENT ASSETS
Stocks 12,637 67,005
Debtors 5 170,575 114,765
Cash at bank 11,391 7,084
194,603 188,854
CREDITORS
Amounts falling due within one year 6 155,685 151,067
NET CURRENT ASSETS 38,918 37,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,421

114,746

CREDITORS
Amounts falling due after more than one
year

7

(36,355

)

(80,955

)

PROVISIONS FOR LIABILITIES (12,766 ) (2,672 )
NET ASSETS 62,300 31,119

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 62,299 31,118
62,300 31,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LHSM Ltd (Registered number: 13550683)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





Mrs K Brown - Director


LHSM Ltd (Registered number: 13550683)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

LHSM Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LHSM Ltd (Registered number: 13550683)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 - 105,819 833 106,652
Additions 37,000 52,501 802 90,303
Disposals - (95,017 ) - (95,017 )
At 31 August 2024 37,000 63,303 1,635 101,938
DEPRECIATION
At 1 September 2023 - 29,418 275 29,693
Charge for year - 41,475 540 42,015
Eliminated on disposal - (42,273 ) - (42,273 )
At 31 August 2024 - 28,620 815 29,435
NET BOOK VALUE
At 31 August 2024 37,000 34,683 820 72,503
At 31 August 2023 - 76,401 558 76,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 103,022 109,943
Other debtors 67,446 -
VAT - 4,769
Prepayments and accrued income 107 53
170,575 114,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 13,643 12,779
Trade creditors 5,611 25,140
Social security and other taxes 3,408 1,414
VAT 41,745 -
Directors' current accounts 89,983 110,439
Accruals and deferred income 1,295 1,295
155,685 151,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 36,355 80,955