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REGISTERED NUMBER: 11689875 (England and Wales)















LKB ENTERPRISES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






LKB ENTERPRISES LIMITED (Registered number: 11689875)






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


LKB ENTERPRISES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A M Barker
Mrs R S J Wright





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 11689875 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

LKB ENTERPRISES LIMITED (Registered number: 11689875)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 52,171 53,256
54,171 57,256

CURRENT ASSETS
Stocks 14,760 6,520
Debtors 6 7,198 -
Cash at bank and in hand 52,847 229,095
74,805 235,615
CREDITORS
Amounts falling due within one year 7 70,708 68,040
NET CURRENT ASSETS 4,097 167,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,268

224,831

CREDITORS
Amounts falling due after more than one
year

8

55,369

140,840
NET ASSETS 2,899 83,991

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,699 83,791
2,899 83,991

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.

LKB ENTERPRISES LIMITED (Registered number: 11689875)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:




A M Barker - Director



Mrs R S J Wright - Director


LKB ENTERPRISES LIMITED (Registered number: 11689875)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

LKB ENTERPRISES 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

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.

LKB ENTERPRISES LIMITED (Registered number: 11689875)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 6,000
Amortisation for year 2,000
At 31 March 2023 8,000
NET BOOK VALUE
At 31 March 2023 2,000
At 31 March 2022 4,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 85,758
Additions 8,121
At 31 March 2023 93,879
DEPRECIATION
At 1 April 2022 32,502
Charge for year 9,206
At 31 March 2023 41,708
NET BOOK VALUE
At 31 March 2023 52,171
At 31 March 2022 53,256

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 7,198 -

LKB ENTERPRISES LIMITED (Registered number: 11689875)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 41,795 24,696
Taxation 19,913 34,414
Other creditors 3,000 2,930
70,708 68,040

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 55,369 60,840
Other creditors - 80,000
55,369 140,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 42,919 48,390