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REGISTERED NUMBER: SC489338 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Lps Building Services Ltd.

Lps Building Services Ltd. (Registered number: SC489338)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

Lps Building Services Ltd.

Company Information
for the Year Ended 31 October 2022







DIRECTOR: M Dimmock





REGISTERED OFFICE: 40 Cow Wynd
Falkirk
FK1 1PU





REGISTERED NUMBER: SC489338 (Scotland)





ACCOUNTANTS: William Watson & Co Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA

Lps Building Services Ltd. (Registered number: SC489338)

Statement of Financial Position
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,338 19,652

CURRENT ASSETS
Stocks 194,490 149,490
Debtors 5 45,801 13,550
Cash at bank and in hand 28,577 11,759
268,868 174,799
CREDITORS
Amounts falling due within one year 6 271,554 161,727
NET CURRENT (LIABILITIES)/ASSETS (2,686 ) 13,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,652

32,724

CREDITORS
Amounts falling due after more than one year 7 12,550 12,550
NET ASSETS 3,102 20,174

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 3,002 20,074
SHAREHOLDERS' FUNDS 3,102 20,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lps Building Services Ltd. (Registered number: SC489338)

Statement of Financial Position - continued
31 October 2022


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 director and authorised for issue on 3 November 2023 and were signed by:





M Dimmock - Director


Lps Building Services Ltd. (Registered number: SC489338)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Lps Building Services Ltd. is a private company, limited by shares , registered in Scotland. 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 etc - 15% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2021 - 6 ) .

Lps Building Services Ltd. (Registered number: SC489338)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021
and 31 October 2022 28,414
DEPRECIATION
At 1 November 2021 8,762
Charge for year 1,314
At 31 October 2022 10,076
NET BOOK VALUE
At 31 October 2022 18,338
At 31 October 2021 19,652

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 45,801 13,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bounce back loan 36,766 45,437
Trade creditors 138,185 75,255
Tax 14,056 14,056
Social security and other taxes 16,666 7,192
Nest 382 -
VAT 19,390 18,138
Directors' current accounts 45,109 649
Accrued expenses 1,000 1,000
271,554 161,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 12,550 12,550

8. RESERVES
Retained
earnings
£   

At 1 November 2021 20,074
Deficit for the year (17,072 )
At 31 October 2022 3,002

Lps Building Services Ltd.

Report of the Accountants to the Director of
Lps Building Services Ltd.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 October 2022 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






William Watson & Co Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA


3 November 2023