LMAG LTD

Company Registration Number:
11605401 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

LMAG LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LMAG LTD

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 962,881 1,145,458
Cost of sales: ( 936,117 ) ( 1,143,634 )
Gross profit(or loss): 26,764 1,824
Distribution costs: 0 0
Administrative expenses: ( 19,600 ) 0
Other operating income: 30,492 22,366
Operating profit(or loss): 37,656 24,190
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 37,656 24,190
Tax: ( 3,119 ) ( 3,391 )
Profit(or loss) for the financial year: 34,537 20,799

LMAG LTD

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 15,760 6,872
Investments:   0 0
Total fixed assets: 15,760 6,872
Current assets
Stocks: 4 248,880 192,658
Debtors:   0 0
Cash at bank and in hand: 6,685 3,896
Investments:   0 0
Total current assets: 255,565 196,554
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 58,317 ) ( 3,221 )
Net current assets (liabilities): 197,248 193,333
Total assets less current liabilities: 213,009 200,206
Creditors: amounts falling due after more than one year: 6 ( 9,056 ) ( 12,506 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 203,953 187,700
Capital and reserves
Called up share capital: 203,953 187,700
Share premium account: 0 0
Other reserves: 0 0
Total Shareholders' funds: 203,953 187,700

The notes form part of these financial statements

LMAG LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 July 2025
and signed on behalf of the board by:

Name: Luca Magnocavallo
Status: Director

The notes form part of these financial statements

LMAG LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LMAG LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

LMAG LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 6,872 0 6,872
Additions 7,880 1,008 8,888
Disposals
Revaluations
Transfers
At 31 October 2024 14,752 1,008 15,760
Depreciation
At 1 November 2023
Charge for year
On disposals
Other adjustments
At 31 October 2024
Net book value
At 31 October 2024 14,752 1,008 15,760
At 31 October 2023 6,872 0 6,872

LMAG LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Stocks

2024 2023
£ £
Stocks 248,880 192,658
Payments on account 0 0
Total 248,880 192,658

LMAG LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 58,317 3,221
Total 58,317 3,221

LMAG LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 9,056 12,506
Total 9,056 12,506