L.F.M.K.H. Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 01894463 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

L.F.M.K.H. Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

K Heath

C Hill

A Ive

J A Spencer

A Thomas

M S Bligh

C Darnell

REGISTERED OFFICE:

Friends Hospital Shop

Milton Keynes Hospital

Standing Way, Eaglestone

Milton Keynes

Buckinghamshire

MK6 5LD

REGISTERED NUMBER:

01894463 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L.F.M.K.H. Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L.F.M.K.H. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L.F.M.K.H. Limited and state those matters that we have agreed to state to the Board of Directors of L.F.M.K.H. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L.F.M.K.H. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L.F.M.K.H. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L.F.M.K.H. Limited. You consider that L.F.M.K.H. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L.F.M.K.H. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

9 October 2022

FIXED ASSETS

Tangible assets

4

11,347

13,130

CURRENT ASSETS

Stocks

2,588

14,000

Debtors

5

890

4,207

Cash at bank and in hand

73,558

69,395

77,036

87,602

CREDITORS

Amounts falling due within one year

6

(27,709

)

(40,341

)

NET CURRENT ASSETS

49,327

47,261

TOTAL ASSETS LESS CURRENT LIABILITIES

60,674

60,391

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

60,574

60,291

60,674

60,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 10 October 2022 and were signed on its behalf by:

C Hill - Director

1.	STATUTORY INFORMATION

L.F.M.K.H. 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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 6 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

135,609

Additions

2,218

At 31 March 2022

137,827

DEPRECIATION

At 1 April 2021

122,479

Charge for year

4,001

At 31 March 2022

126,480

NET BOOK VALUE

At 31 March 2022

11,347

At 31 March 2021

13,130

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

321

502

Other debtors

569

3,705

890

4,207

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

25,309

20,882

Taxation and social security

2,250

1,514

Other creditors

150

17,945

27,709

40,341

7.	RELATED PARTY DISCLOSURES

The company supplies newspapers to The Friends of Milton Keynes Hospital and Community, the parent charity. The value of supplies included in the financial statements amounts to £588 (2021: £1,607).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Friends of Milton Keynes Hospital and Community.