London Market Connections Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09446635 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

LONDON MARKET CONNECTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Turner

Mr PJO Turner

Mrs C M Turner

Mr A M Turner

REGISTERED OFFICE:

64 King Edwards Road

South Woodham Ferrers

Essex

CM3 5PH

REGISTERED NUMBER:

09446635 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Limited

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Tangible assets

4

4,325

3,563

CURRENT ASSETS

Cash at bank

136,058

50,823

CREDITORS

Amounts falling due within one year

5

68,497

51,915

NET CURRENT ASSETS/(LIABILITIES)

67,561

(1,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,886

2,471

CAPITAL AND RESERVES

Called up share capital

6

121

121

Retained earnings

7

71,765

2,350

SHAREHOLDERS' FUNDS

71,886

2,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 April 2017 and were signed on its behalf by:

Mr M Turner - Director

1.	STATUTORY INFORMATION

London Market Connections Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured using

tax rates and laws that have been enacted or substantively enacted by the year end and that are expected

to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

-

4,750

4,750

Additions

1,500

999

2,499

At 31 March 2017

1,500

5,749

7,249

DEPRECIATION

At 1 April 2016

-

1,187

1,187

Charge for year

300

1,437

1,737

At 31 March 2017

300

2,624

2,924

NET BOOK VALUE

At 31 March 2017

1,200

3,125

4,325

At 31 March 2016

-

3,563

3,563

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

199

1,499

Tax

35,658

16,441

Social security and other taxes

1,315

586

Other creditors

-

10,000

Directors' current accounts

29,705

23,389

Accrued expenses

1,620

-

68,497

51,915

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

21

Ordinary B

£1

21

21

121

121

7.

RESERVES

Retained

earnings

£

At 1 April 2016

2,350

Profit for the year

143,415

Dividends

(74,000

)

At 31 March 2017

71,765