IRIS Accounts Production v25.1.3.33 04805947 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048059472023-09-30048059472024-09-30048059472023-10-012024-09-30048059472022-09-30048059472022-10-012023-09-30048059472023-09-3004805947ns15:EnglandWales2023-10-012024-09-3004805947ns14:PoundSterling2023-10-012024-09-3004805947ns10:Director12023-10-012024-09-3004805947ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004805947ns10:SmallEntities2023-10-012024-09-3004805947ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3004805947ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004805947ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004805947ns10:FullAccounts2023-10-012024-09-300480594712023-10-012024-09-3004805947ns5:CurrentFinancialInstruments2024-09-3004805947ns5:CurrentFinancialInstruments2023-09-3004805947ns5:Non-currentFinancialInstruments2024-09-3004805947ns5:Non-currentFinancialInstruments2023-09-3004805947ns5:ShareCapital2024-09-3004805947ns5:ShareCapital2023-09-3004805947ns5:RetainedEarningsAccumulatedLosses2024-09-3004805947ns5:RetainedEarningsAccumulatedLosses2023-09-3004805947ns10:RegisteredOffice2023-10-012024-09-3004805947ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3004805947ns5:ComputerSoftware2023-10-012024-09-3004805947ns5:ComputerEquipment2023-10-012024-09-3004805947ns5:NetGoodwill2023-09-3004805947ns5:ComputerSoftware2023-09-3004805947ns5:NetGoodwill2024-09-3004805947ns5:ComputerSoftware2024-09-3004805947ns5:NetGoodwill2023-09-3004805947ns5:ComputerSoftware2023-09-3004805947ns5:ComputerEquipment2023-09-3004805947ns5:ComputerEquipment2024-09-3004805947ns5:ComputerEquipment2023-09-3004805947ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3004805947ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30048059471ns10:Director12023-09-30048059471ns10:Director12022-09-30048059471ns10:Director12023-10-012024-09-30048059471ns10:Director12022-10-012023-09-30048059471ns10:Director12024-09-30048059471ns10:Director12023-09-3004805947ns10:Director22023-10-012024-09-3004805947ns10:Director222023-09-3004805947ns10:Director222022-09-3004805947ns10:Director222023-10-012024-09-3004805947ns10:Director222022-10-012023-09-3004805947ns10:Director222024-09-3004805947ns10:Director222023-09-30
REGISTERED NUMBER: 04805947 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

LMS Experts Limited

LMS Experts Limited (Registered number: 04805947)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


LMS Experts Limited (Registered number: 04805947)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Stocks 400,849 333,313
Debtors 6 943,337 1,553,038
Cash at bank 44,937 71,314
1,389,123 1,957,665
CREDITORS
Amounts falling due within one year 7 (1,365,708 ) (1,840,225 )
NET CURRENT ASSETS 23,415 117,440
TOTAL ASSETS LESS CURRENT LIABILITIES 23,415 117,440

CREDITORS
Amounts falling due after more than one
year

8

(14,814

)

(24,963

)
NET ASSETS 8,601 92,477

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8,401 92,277
SHAREHOLDERS' FUNDS 8,601 92,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 6 May 2025 and were signed on its behalf by:





Mr C A Jones - Director


LMS Experts Limited (Registered number: 04805947)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

LMS Experts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04805947

Registered office: First Floor St Georges Chambers
St Georges Place
Macclesfield
Cheshire
SK11 8BT

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LMS Experts Limited (Registered number: 04805947)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 775,663 13,340 789,003
AMORTISATION
At 1 October 2023
and 30 September 2024 775,663 13,340 789,003
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 1,763
Disposals (1,763 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 1,763
Eliminated on disposal (1,763 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 14,872 14,872
Other debtors 928,465 1,538,166
943,337 1,553,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,150 9,894
Trade creditors 723,487 1,011,645
Taxation and social security 311,838 44,231
Other creditors 320,233 774,455
1,365,708 1,840,225

LMS Experts Limited (Registered number: 04805947)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 14,814 24,963

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr C A Jones
Balance outstanding at start of year 262,200 -
Amounts advanced 175,647 262,200
Amounts repaid (265,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 172,847 262,200

Mrs A J Nicholson
Balance outstanding at start of year 260,700 -
Amounts advanced 159,391 260,700
Amounts repaid (265,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 155,091 260,700

Loans in excess of £10,000 incur interest at 2.25% per annum.