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REGISTERED NUMBER: 05439801 (England and Wales)















LPM BOHEMIA - THE TENT COMPANY LIMITED

Unaudited Financial Statements

For The Year Ended 31 December 2022






LPM BOHEMIA - THE TENT COMPANY LIMITED (REGISTERED NUMBER: 05439801)

Contents of the Financial Statements
For The Year Ended 31 December 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LPM BOHEMIA - THE TENT COMPANY LIMITED

Company Information
For The Year Ended 31 December 2022







DIRECTORS: J Preston
C Preston
G J A Cresswell





SECRETARY: G J A Cresswell





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: 05439801 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Chartered Accountants
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

LPM BOHEMIA - THE TENT COMPANY LIMITED (REGISTERED NUMBER: 05439801)

Abridged Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,534,175 1,354,090

CURRENT ASSETS
Stocks 153,940 111,431
Debtors 237,983 269,574
Cash at bank and in hand 34,418 407,295
426,341 788,300
CREDITORS
Amounts falling due within one year 393,836 492,373
NET CURRENT ASSETS 32,505 295,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,566,680

1,650,017

CREDITORS
Amounts falling due after more than one
year

(374,078

)

(595,350

)

PROVISIONS FOR LIABILITIES (288,506 ) (246,380 )
NET ASSETS 904,096 808,287

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 903,196 807,387
SHAREHOLDERS' FUNDS 904,096 808,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

LPM BOHEMIA - THE TENT COMPANY LIMITED (REGISTERED NUMBER: 05439801)

Abridged Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 13 October 2023 and were signed on its behalf by:




J Preston - Director



G J A Cresswell - Director


LPM BOHEMIA - THE TENT COMPANY LIMITED (REGISTERED NUMBER: 05439801)

Notes to the Financial Statements
For The Year Ended 31 December 2022


1. STATUTORY INFORMATION

LPM Bohemia - The Tent Company Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of tent and marquee hire. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 10% on reducing balance and 5% on reducing balance
Fixtures & fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance
Office equipment - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

LPM BOHEMIA - THE TENT COMPANY LIMITED (REGISTERED NUMBER: 05439801)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 2,143,040
Additions 381,268
Disposals (36,990 )
At 31 December 2022 2,487,318
DEPRECIATION
At 1 January 2022 788,950
Charge for year 170,799
Eliminated on disposal (6,606 )
At 31 December 2022 953,143
NET BOOK VALUE
At 31 December 2022 1,534,175
At 31 December 2021 1,354,090

Assets held under finance leases and hire purchase contracts had a net book value of £31,650 at 31 December 2022 (2021: £65,890). These assets act as security for their respective finance lease creditors until they are satisfied in full.

LPM BOHEMIA - THE TENT COMPANY LIMITED (REGISTERED NUMBER: 05439801)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2022


5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
J Preston
Balance outstanding at start of year 29,200 32,850
Amounts advanced 16,150 17,254
Amounts repaid (85 ) (20,904 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,265 29,200

G J A Cresswell
Balance outstanding at start of year 25,720 55,411
Amounts advanced 58,059 19,931
Amounts repaid (54,000 ) (49,622 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,779 25,720

C Preston
Balance outstanding at start of year - -
Amounts advanced 1,208 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,208 -

The directors' loan accounts are repayable within 9 months of the balance sheet date. Interest was charged by the company to a director at the official rate for periods when their balance exceeded £10,000