LEMSKAH LIMITED

LEMSKAH LIMITED

LEMSKAH LIMITED - Company Information

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LEMSKAH LIMITED

Company Registration Number:
05438285 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

LEMSKAH LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

LEMSKAH LIMITED

Balance sheet

As at 30 June 2021


Notes
2021
13 months to 30 June 2020


£
£
Fixed assets
Tangible assets: 3 8,501 10,003
Total fixed assets: 8,501 10,003
Current assets
Debtors:   291,512 298,545
Cash at bank and in hand: 289 7,907
Total current assets: 291,801 306,452
Creditors: amounts falling due within one year:   (240,743) (248,680)
Net current assets (liabilities): 51,058 57,772
Total assets less current liabilities: 59,559 67,775
Creditors: amounts falling due after more than one year:   (48,333) (48,333)
Provision for liabilities: (1,900) (1,900)
Total net assets (liabilities): 9,326 17,542
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 9,226 17,442
Shareholders funds: 9,326 17,542

The notes form part of these financial statements

LEMSKAH LIMITED

Balance sheet statements

For the year ending 30 June 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 June 2022
and signed on behalf of the board by:

Name: Mr Adam Eagle
Status: Director

The notes form part of these financial statements

LEMSKAH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:-Computer equipment 15% reducing balanceFixtures, fittings & equipment 15% reducing balanceThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Other accounting policies

Going Concern At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements

LEMSKAH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 13 months to 30 June 2020
Average number of employees during the period 3 3

LEMSKAH LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Tangible Assets

Total
Cost £
At 01 July 2020 31,246
At 30 June 2021 31,246
Depreciation
At 01 July 2020 21,243
Charge for year 1,502
At 30 June 2021 22,745
Net book value
At 30 June 2021 8,501
At 30 June 2020 10,003