REGISTERED NUMBER: 10861488 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

LYDMI Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

5

121,554

154,020

Cash at bank

18,456

372

140,010

154,392

CREDITORS

Amounts falling due within one year

6

(116,421

)

(130,650

)

NET CURRENT ASSETS

23,589

23,742

TOTAL ASSETS LESS CURRENT LIABILITIES

23,589

23,742

CREDITORS

Amounts falling due after more than one year

7

(23,391

)

(23,391

)

NET ASSETS

198

351

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

98

251

198

351

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

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

The director acknowledges his 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 director and authorised for issue on 14 October 2025 and were signed by:

Mr D Myers - Director

1.	STATUTORY INFORMATION

LYDMI 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:

10861488

Registered office:

Smithy Farm

Macclesfield Forest

Macclesfield

Cheshire

SK11 0AR

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2023

1,299

Disposals

(1,299

)

At 31 October 2024

-

DEPRECIATION

At 1 November 2023

1,299

Eliminated on disposal

(1,299

)

At 31 October 2024

-

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Other debtors

121,554

154,020

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

10,806

11,977

Trade creditors

1,744

-

Taxation and social security

102,491

117,210

Other creditors

1,380

1,463

116,421

130,650

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

23,391

23,391

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

Mr D Myers

Balance outstanding at start of year

154,019

154,053

Amounts repaid

(45,965

)

(34

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

108,054

154,019

Loans in excess of £10,000 are charged interest at 2.5% per annum.