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REGISTERED NUMBER: 02322182 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LOCAL AUTHORITY PUBLISHING COMPANY LTD

LOCAL AUTHORITY PUBLISHING COMPANY LTD (REGISTERED NUMBER: 02322182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCAL AUTHORITY PUBLISHING COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P J Ralph
L J Ralph





REGISTERED OFFICE: International House
Northfield Business Park
Lower Dicker
East Sussex
BN27 4BZ





REGISTERED NUMBER: 02322182 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

LOCAL AUTHORITY PUBLISHING COMPANY LTD (REGISTERED NUMBER: 02322182)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,072 5,750

CURRENT ASSETS
Debtors 5 30,486 24,864
Cash at bank and in hand 224,469 281,065
254,955 305,929
CREDITORS
Amounts falling due within one year 6 (141,464 ) (172,214 )
NET CURRENT ASSETS 113,491 133,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,563

139,465

CREDITORS
Amounts falling due after more than one
year

7

(7,935

)

(13,241

)
NET ASSETS 109,628 126,224

CAPITAL AND RESERVES
Called up share capital 8 76,000 76,000
Retained earnings 33,628 50,224
SHAREHOLDERS' FUNDS 109,628 126,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

LOCAL AUTHORITY PUBLISHING COMPANY LTD (REGISTERED NUMBER: 02322182)

BALANCE SHEET - continued
31 MARCH 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





P J Ralph - Director


LOCAL AUTHORITY PUBLISHING COMPANY LTD (REGISTERED NUMBER: 02322182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Local Authority Publishing Company 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 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 as modified by the revaluation of certain assets.

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 - 25% on cost and 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost

No depreciation is provided on freehold property as the directors have elected to review the valuation included in the accounts on an annual basis.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


LOCAL AUTHORITY PUBLISHING COMPANY LTD (REGISTERED NUMBER: 02322182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 50,964 10,660 2,950 64,574
Additions 412 - - 412
At 31 March 2023 51,376 10,660 2,950 64,986
DEPRECIATION
At 1 April 2022 47,002 8,872 2,950 58,824
Charge for year 1,733 357 - 2,090
At 31 March 2023 48,735 9,229 2,950 60,914
NET BOOK VALUE
At 31 March 2023 2,641 1,431 - 4,072
At 31 March 2022 3,962 1,788 - 5,750

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost 51,376 10,660 2,950 64,986

LOCAL AUTHORITY PUBLISHING COMPANY LTD (REGISTERED NUMBER: 02322182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,340 10,463
Other debtors 16,146 14,401
30,486 24,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,965 14,182
Taxation and social security 20,389 22,952
Other creditors 110,110 135,080
141,464 172,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Trade creditors 7,935 13,241

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
30,400 Ordinary A shares £1 30,400 30,400
22,800 Ordinary B shares £1 22,800 22,800
11,400 Ordinary C shares £1 11,400 11,400
11,400 Ordinary D shares £1 11,400 11,400
76,000 76,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P J Ralph
Balance outstanding at start of year - (11 )
Amounts advanced - 11
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -