LEMSFORD MILL CONTROLS LIMITED

LEMSFORD MILL CONTROLS LIMITED

LEMSFORD MILL CONTROLS LIMITED - Company Information

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LEMSFORD MILL CONTROLS LIMITED

Company Registration Number:
03785533 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

LEMSFORD MILL CONTROLS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

LEMSFORD MILL CONTROLS LIMITED

Balance sheet

As at 30 June 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 19,849 23,058
Total fixed assets: 19,849 23,058
Current assets
Stocks: 60,193 94,444
Debtors:   303,439 550,845
Cash at bank and in hand: 20,556 46,325
Total current assets: 384,188 691,614
Creditors: amounts falling due within one year:   (361,766) (466,903)
Net current assets (liabilities): 22,422 224,711
Total assets less current liabilities: 42,271 247,769
Total net assets (liabilities): 42,271 247,769
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 42,171 247,669
Shareholders funds: 42,271 247,769

The notes form part of these financial statements

LEMSFORD MILL CONTROLS LIMITED

Balance sheet statements

For the year ending 30 June 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 December 2023
and signed on behalf of the board by:

Name: Mrs C. Smith
Status: Director

The notes form part of these financial statements

LEMSFORD MILL CONTROLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

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

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:Plant and Machinery - 20% reducing balanceOffice Equipment- 20% reducing balance

Valuation and information policy

Stocks Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Other accounting policies

Pension costs. The company operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. Grants received Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant condition will be met and the grants received.A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where does not specific performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

LEMSFORD MILL CONTROLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

LEMSFORD MILL CONTROLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 52,210
At 30 June 2023 52,210
Depreciation
At 01 July 2022 29,152
Charge for year 3,209
At 30 June 2023 32,361
Net book value
At 30 June 2023 19,849
At 30 June 2022 23,058