IRIS Accounts Production v23.2.0.158 04730565 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047305652022-09-30047305652023-09-30047305652022-10-012023-09-30047305652021-09-30047305652021-10-012022-09-30047305652022-09-3004730565ns10:Originalns15:EnglandWales2022-10-012023-09-3004730565ns14:PoundSterlingns10:Original2022-10-012023-09-3004730565ns10:Originalns10:Director12022-10-012023-09-3004730565ns10:Original2022-10-012023-09-3004730565ns10:Originalns10:Director22022-10-012023-09-3004730565ns10:Original2023-09-3004730565ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3004730565ns10:Originalns10:SmallEntities2022-10-012023-09-3004730565ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3004730565ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3004730565ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3004730565ns10:Originalns10:FullAccounts2022-10-012023-09-3004730565ns10:CompanySecretary1ns10:Original2022-10-012023-09-3004730565ns10:Originalns10:RegisteredOffice2022-10-012023-09-3004730565ns10:Original2022-09-3004730565ns10:Originalns5:CurrentFinancialInstruments2023-09-3004730565ns10:Originalns5:CurrentFinancialInstruments2022-09-3004730565ns10:Originalns5:Non-currentFinancialInstruments2023-09-3004730565ns10:Originalns5:Non-currentFinancialInstruments2022-09-3004730565ns5:ShareCapitalns10:Original2023-09-3004730565ns5:ShareCapitalns10:Original2022-09-3004730565ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3004730565ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004730565ns10:Originalns5:PlantMachinery2022-10-012023-09-3004730565ns10:Originalns5:FurnitureFittings2022-10-012023-09-3004730565ns10:Originalns5:MotorVehicles2022-10-012023-09-3004730565ns10:Original2021-10-012022-09-3004730565ns10:Originalns5:PlantMachinery2022-09-3004730565ns10:Originalns5:FurnitureFittings2022-09-3004730565ns10:Originalns5:MotorVehicles2022-09-3004730565ns10:Original2022-09-3004730565ns10:Originalns5:PlantMachinery2023-09-3004730565ns10:Originalns5:FurnitureFittings2023-09-3004730565ns10:Originalns5:MotorVehicles2023-09-3004730565ns10:Originalns5:PlantMachinery2022-09-3004730565ns10:Originalns5:FurnitureFittings2022-09-3004730565ns10:Originalns5:MotorVehicles2022-09-3004730565ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3004730565ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3004730565ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004730565ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3004730565ns10:Original1ns10:Director12022-09-3004730565ns10:Original1ns10:Director12021-09-3004730565ns10:Original1ns10:Director12022-10-012023-09-3004730565ns10:Original1ns10:Director12021-10-012022-09-3004730565ns10:Original1ns10:Director12023-09-3004730565ns10:Original1ns10:Director12022-09-3004730565ns10:Originalns10:Director222022-09-3004730565ns10:Originalns10:Director222021-09-3004730565ns10:Originalns10:Director222022-10-012023-09-3004730565ns10:Originalns10:Director222021-10-012022-09-3004730565ns10:Originalns10:Director222023-09-3004730565ns10:Originalns10:Director222022-09-30
REGISTERED NUMBER: 04730565 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Les Paul's Motors Limited

Les Paul's Motors Limited (Registered number: 04730565)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Les Paul's Motors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: LG Fogg
KP Gallagher





SECRETARY: LG Fogg





REGISTERED OFFICE: Unit 7
Anderson Road Industrial Estate
Woodford Green
Essex
IG8 8ET





REGISTERED NUMBER: 04730565 (England and Wales)





ACCOUNTANTS: Lawrence & Company
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Les Paul's Motors Limited (Registered number: 04730565)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,043

CURRENT ASSETS
Stocks - 500
Debtors 5 6,072 6,072
Cash at bank and in hand 13,774 55,629
19,846 62,201
CREDITORS
Amounts falling due within one year 6 55,291 65,669
NET CURRENT LIABILITIES (35,445 ) (3,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,445

)

5,575

CREDITORS
Amounts falling due after more than one
year

7

-

27,500
NET LIABILITIES (35,445 ) (21,925 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (35,545 ) (22,025 )
SHAREHOLDERS' FUNDS (35,445 ) (21,925 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Les Paul's Motors Limited (Registered number: 04730565)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




LG Fogg - Director



KP Gallagher - Director


Les Paul's Motors Limited (Registered number: 04730565)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Les Paul's Motors 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 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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2022 - 2 ) .

Les Paul's Motors Limited (Registered number: 04730565)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 13,395 10,315 6,935 30,645
Disposals (13,395 ) (10,315 ) (6,935 ) (30,645 )
At 30 September 2023 - - - -
DEPRECIATION
At 1 October 2022 7,909 6,814 6,879 21,602
Eliminated on disposal (7,909 ) (6,814 ) (6,879 ) (21,602 )
At 30 September 2023 - - - -
NET BOOK VALUE
At 30 September 2023 - - - -
At 30 September 2022 5,486 3,501 56 9,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Tax 6,072 6,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 10,000
Trade creditors - 113
Social security and other taxes - 192
Directors' loan accounts 54,211 54,059
Accrued expenses 1,080 1,305
55,291 65,669

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years - 27,500

8. RESERVES
Retained
earnings
£   

At 1 October 2022 (22,025 )
Deficit for the year (13,520 )
At 30 September 2023 (35,545 )

Les Paul's Motors Limited (Registered number: 04730565)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
LG Fogg
Balance outstanding at start of year (26,162 ) (26,162 )
Amounts advanced (152 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,314 ) (26,162 )

KP Gallagher
Balance outstanding at start of year (27,897 ) (27,897 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,897 ) (27,897 )

10. RELATED PARTY DISCLOSURES

The ultimate controlling parties are the two directors, LG Fogg, and KP Gallagher who along with close family members own 100% of the share capital between them.