LMK Solutions Ltd - Period Ending 2016-03-31

Registration number: SC406876

LMK Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Lime Blue Accountancy Ltd
8 Albert Street
Aberdeen
AB25 1XQ

LMK Solutions Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

LMK Solutions Ltd
(Registration number: SC406876)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					683			319
Current assets
Debtors					27,020			27,804
Cash at bank and in hand					25,952			37,145
					52,972			64,949
Creditors: Amounts falling due within one year					(20,332)			(22,399)
Net current assets					32,640			42,550
Net assets					33,323			42,869
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					33,313			42,859
Shareholders' funds					33,323			42,869

For the year ending 31 March 2016 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 22 December 2016 and signed on its behalf by:

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

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

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

LMK Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

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

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		4,163			4,163
Additions		728			728
At 31 March 2016		4,891			4,891
Depreciation
At 1 April 2015		3,844			3,844
Charge for the year		364			364
At 31 March 2016		4,208			4,208
Net book value
At 31 March 2016		683			683
At 31 March 2015		319			319

Page 2

LMK Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

Page 3