LMS (Bolton) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07737469 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

LMS (Bolton) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Mohammed Hanif

Mrs Parveen Hanif

Mr Irfan Hanif

Miss Asimah Mubarak Hanif

REGISTERED OFFICE:

584 Chorley New Road

Lostock

Bolton

Lancashire

BL6 4DW

REGISTERED NUMBER:

07737469 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

FIXED ASSETS

Tangible assets

4

5

5

CURRENT ASSETS

Debtors

5

5,829

21,491

Cash at bank

227,201

145,412

233,030

166,903

CREDITORS

Amounts falling due within one year

6

224,582

151,434

NET CURRENT ASSETS

8,448

15,469

TOTAL ASSETS LESS CURRENT LIABILITIES

8,453

15,474

CAPITAL AND RESERVES

Called up share capital

7

6

6

Retained earnings

8,447

15,468

SHAREHOLDERS' FUNDS

8,453

15,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20 August 2019 and were signed on its behalf by:

Mr Mohammed Hanif - Director

1.	STATUTORY INFORMATION

LMS (Bolton) Limited 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.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2017

and 30 November 2018

345

DEPRECIATION

At 1 December 2017

and 30 November 2018

340

NET BOOK VALUE

At 30 November 2018

5

At 30 November 2017

5

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

825

-

Tax

-

16,537

Prepayments

5,004

4,954

5,829

21,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

38,886

40,838

Other creditors

-

785

Directors' current accounts

184,796

108,923

Accrued expenses

900

888

224,582

151,434

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

6

Ordinary

£1

6

6