LMB Supplies Limited - Filleted accounts

Registered number

03229629

LMB Supplies Limited

Filleted Accounts

31 March 2025

LMB Supplies Limited
Registered number:		03229629
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		134,136			135,723

Current assets
Stocks		173,134			90,346
Debtors	4	504,335			357,776
Cash at bank and in hand		98,660			56,915
		776,129			505,037

Creditors: amounts falling due within one year	5	(471,702)			(276,291)

Net current assets			304,427			228,746

Total assets less current liabilities			438,563			364,469

Creditors: amounts falling due after more than one year	6		(74,707)			(181,106)



Net assets			363,856			183,363

Capital and reserves
Called up share capital			400			400
Profit and loss account			363,456			182,963

Shareholders' funds			363,856			183,363

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Barry
Director
Approved by the board on 17 November 2025

LMB Supplies Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	194,950		132,403		327,353
	Additions	27,095		33,702		60,797
	Disposals	-		(3,250)		(3,250)
	At 31 March 2025	222,045		162,855		384,900

	Depreciation
	At 1 April 2024	104,780		86,850		191,630
	Charge for the year	31,733		30,651		62,384
	On disposals	-		(3,250)		(3,250)
	At 31 March 2025	136,513		114,251		250,764

	Net book value
	At 31 March 2025	85,532		48,604		134,136
	At 31 March 2024	90,170		45,553		135,723


4	Debtors			2025		2024
£					£

	Trade debtors			311,054		204,151
	Other debtors			193,281		153,625
				504,335		357,776


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			28,021		25,516
	Obligations under finance lease and hire purchase contracts			23,245		27,780
	Trade creditors			83,950		185,845
	Taxation and social security costs			42,476		33,650
	Other creditors			294,010		3,500
				471,702		276,291


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			52,945		80,966
	Obligations under finance lease and hire purchase contracts			21,762		40,140
	Other creditors			-		60,000
				74,707		181,106


7	Other information

	LMB Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5
	Maskell Industrial Estate
	29 Bidder Street
	London
	E16 4ST