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REGISTERED NUMBER: 12047100 (England and Wales)















LMBC PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






LMBC PROJECTS LTD (REGISTERED NUMBER: 12047100)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LMBC PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: L Friend
Mrs M Friend





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 12047100 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

LMBC PROJECTS LTD (REGISTERED NUMBER: 12047100)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 6,591
Tangible assets 5 8,982 10,614
8,982 17,205

CURRENT ASSETS
Debtors 6 54,352 23,289
Cash at bank 10,465 3,132
64,817 26,421
CREDITORS
Amounts falling due within one year 7 (32,808 ) (16,742 )
NET CURRENT ASSETS 32,009 9,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,991

26,884

CREDITORS
Amounts falling due after more than one
year

8

(23,667

)

(27,667

)
NET ASSETS/(LIABILITIES) 17,324 (783 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,224 (883 )
17,324 (783 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LMBC PROJECTS LTD (REGISTERED NUMBER: 12047100)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





L Friend - Director


LMBC PROJECTS LTD (REGISTERED NUMBER: 12047100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Lmbc Projects 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 15% on reducing balance
Equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

LMBC PROJECTS LTD (REGISTERED NUMBER: 12047100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2023
and 30 November 2024 32,955
AMORTISATION
At 1 December 2023 26,364
Amortisation for year 6,591
At 30 November 2024 32,955
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 6,591

5. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 14,500 1,750 16,250
DEPRECIATION
At 1 December 2023 4,682 954 5,636
Charge for year 1,473 159 1,632
At 30 November 2024 6,155 1,113 7,268
NET BOOK VALUE
At 30 November 2024 8,345 637 8,982
At 30 November 2023 9,818 796 10,614

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,092 17,580
Sundry debtors 8,260 3,397
Directors' current accounts - 2,312
54,352 23,289

LMBC PROJECTS LTD (REGISTERED NUMBER: 12047100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Other loans - 5,050
Trade creditors 12,413 3,126
Corporation Tax 9,259 246
VAT 2,734 230
Baypoint Sports CIC 1,473 1,473
BPS Management (Kent) Ltd 1,152 -
Directors' current accounts 620 616
Accrued expenses and deferred income 1,157 2,001
32,808 16,742

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 19,667 23,667
23,667 27,667