LMPQ_LIMITED - Accounts

LMPQ LIMITED - Company Information

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Company Registration No. 08136347 (England and Wales)

LMPQ LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

LMPQ LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LMPQ LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

24,159

27,058

Current assets

Debtors

175,869

161,540

Cash at bank and in hand

90,960

57,199

266,829

218,739

Creditors: amounts falling due within one year

(144,125)

(131,147)

Net current assets

122,704

87,592

Total assets less current liabilities

146,863

114,650

Creditors: amounts falling due after more than one year

(59,980)

146,863

54,670

Capital and reserves

Called up share capital

250,100

Profit and loss account

(103,237)

(195,430)

Shareholders' funds

146,863

54,670

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 November 2016

G Redmonds

Director

Company Registration No. 08136347

LMPQ LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line basis;

Fixtures, fittings & equipment

25% straight line basis.

Fixed assets

Tangible assets

Cost

At 1 April 2015

46,957

Additions

16,906

Disposals

(1,500)

At 31 March 2016

62,363

Depreciation

At 1 April 2015

19,900

On disposals

(813)

Charge for the year

19,117

At 31 March 2016

38,204

Net book value

At 31 March 2016

24,159

At 31 March 2015

27,058

LMPQ LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of 10p each

100

250,000 Redeemable shares of £1 each

250,000

250,100

The ordinary redeemable shares are redeemable at the option of the company and have no voting rights.

Related party relationships and transactions

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

G Redmonds - director

21,040