LBMC LIMITED

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Registered number: 08773158

LBMC LIMITED

Abbreviated accounts

For The Year Ended 31 October 2016

LBMC LIMITED

Company No. 08773158

Abbreviated Balance Sheet 31 October 2016

Abbreviated Balance Sheet

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		407		496

			407		496
CURRENT ASSETS
Debtors		27,915		9,461
Investments	3	6,611		6,611
Cash at bank and in hand		8,042		5,087

		42,568		21,159
Creditors: Amounts Falling Due Within One Year	4	(10,881 )		(1,408 )

NET CURRENT ASSETS (LIABILITIES)			31,687		19,751

TOTAL ASSETS LESS CURRENT LIABILITIES			32,094		20,247

NET ASSETS			32,094		20,247

CAPITAL AND RESERVES
Called up share capital	5		50,000		50,000
Profit and Loss Account			(17,906 )		(29,753 )

SHAREHOLDERS' FUNDS			32,094		20,247

LBMC LIMITED

Company No. 08773158

Abbreviated Balance Sheet (continued) 31 October 2016

For the year ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mrs Bandana Thapa Chhetri Lohani

14/11/2016

Page 1

LBMC LIMITED

Notes to the Abbreviated Accounts

For The Year Ended 31 October 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

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

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	18%
Fixtures & Fittings	18%
Computer Equipment	18%

2. Tangible Assets


	Total
Cost	£
As at 1 November 2015	496

As at 31 October 2016	496

Depreciation
As at 1 November 2015	-
Provided during the period	89

As at 31 October 2016	89

Net Book Value
As at 31 October 2016	407

As at 1 November 2015	496

3. Current Asset Investments

	2016	2015
	£	£
Unlisted investments	6,611	6,611

	6,611	6,611

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LBMC LIMITED

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 October 2016

4. Creditors: Amounts Falling Due Within One Year

	2016	2015
	£	£
Other taxes and social security	1,098	791
Net wages	211	617
Directors' loan accounts	9,572	-

	10,881	1,408

Mrs Bandana Thapa Chhetri Lohani director of the company agreed to lend £50,000 to the company over the period from 13 November 2013 to 31 October 2016. This initial investment was made available on 04 February 2014 via bank transfer. The credit balance £9,572 at the year end 31 October 2016 is her loan to the company.

5. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	50,000.00	1	50,000	50,000

6. Transactions With and Loans to Directors

Included within Creditors are the following loans from directors:

	As at 1 November 2015	Amounts advanced	Amounts repaid	As at 31 October 2016
	£	£	£	£
Mrs Bandana Thapa Chhetri Lohani	4,364	-	5,208	9,572

The above loan is unsecured, interest free and repayable on demand.

7. Ultimate Controlling Party

The company's ultimate controlling party is Mrs Bandana Thapa Chhetri Lohani by virtue of his ownership of 100% of the issued share capital in the company.

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