LMK Solutions Ltd - Period Ending 2015-03-31

Registration number: SC406876

LMK Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Lime Blue Accountancy Ltd
8 Albert Street
Aberdeen
AB25 1XQ

LMK Solutions Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

LMK Solutions Ltd
(Registration number: SC406876)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					319			1,707
Current assets
Debtors					27,804			2,909
Cash at bank and in hand					37,145			58,728
					64,949			61,637
Creditors: Amounts falling due within one year					(22,399)			(26,096)
Net current assets					42,550			35,541
Total assets less current liabilities					42,869			37,248
Provisions for liabilities					-			(341)
Net assets					42,869			36,907
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					42,859			36,897
Shareholders' funds					42,869			36,907

For the year ending 31 March 2015 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.

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

Approved by the Board on 31 December 2015 and signed on its behalf by:

.........................................
LM Kemp
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

LMK Solutions Ltd
(Registration number: SC406876)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
SC Kemp
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

LMK Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

LMK Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		4,163			4,163
At 31 March 2015		4,163			4,163
Depreciation
At 1 April 2014		2,456			2,456
Charge for the year		1,388			1,388
At 31 March 2015		3,844			3,844
Net book value
At 31 March 2015		319			319
At 31 March 2014		1,707			1,707

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

Page 4