1 April 2022 false No description of principal activity Taxfiler 2023.10 13040537business:PrivateLimitedCompanyLtd2022-04-012023-03-31 130405372022-03-31 130405372022-04-012023-03-31 13040537business:AuditExemptWithAccountantsReport2022-04-012023-03-31 13040537business:FilletedAccounts2022-04-012023-03-31 130405372023-03-31 13040537business:Director12022-04-012023-03-31 13040537business:RegisteredOffice2022-04-012023-03-31 130405372022-03-31 13040537core:WithinOneYear2023-03-31 13040537core:WithinOneYear2022-03-31 13040537core:AfterOneYear2023-03-31 13040537core:AfterOneYear2022-03-31 13040537core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13040537core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 13040537core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13040537core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 13040537core:PreviouslyStatedAmount2023-03-31 13040537core:PreviouslyStatedAmount2022-03-31 13040537business:SmallEntities2022-04-012023-03-31 13040537countries:EnglandWales2022-04-012023-03-31 13040537core:PlantMachinery2022-03-31 13040537core:MotorVehicles2022-03-31 13040537core:FurnitureFittings2022-03-31 13040537core:ComputerEquipment2022-03-31 13040537core:PlantMachinery2022-04-012023-03-31 13040537core:MotorVehicles2022-04-012023-03-31 13040537core:FurnitureFittings2022-04-012023-03-31 13040537core:ComputerEquipment2022-04-012023-03-31 13040537core:PlantMachinery2023-03-31 13040537core:MotorVehicles2023-03-31 13040537core:FurnitureFittings2023-03-31 13040537core:ComputerEquipment2023-03-31 130405372020-11-242022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13040537 (England and Wales)
LPM Truck Parts Limited Unaudited accounts for the year ended 31 March 2023
LPM Truck Parts Limited Unaudited accounts Contents
Page
- 2 -
LPM Truck Parts Limited Company Information for the year ended 31 March 2023
Director
Mr Tom Leighton
Company Number
13040537 (England and Wales)
Registered Office
77 Hereford Way Boroughbridge YO51 9PA
Accountants
JB Norfolk & Co 1A Sykes Grove Harrogate North Yorkshire HG1 2DB
- 3 -
LPM Truck Parts Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,710 
30,380 
Current assets
Inventories
55,645 
53,573 
Debtors
170,923 
181,283 
Cash at bank and in hand
207,016 
131,198 
433,584 
366,054 
Creditors: amounts falling due within one year
(310,723)
(303,543)
Net current assets
122,861 
62,511 
Total assets less current liabilities
184,571 
92,891 
Creditors: amounts falling due after more than one year
(31,111)
- 
Provisions for liabilities
Deferred tax
(4,671)
- 
Net assets
148,789 
92,891 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
148,788 
92,890 
Shareholders' funds
148,789 
92,891 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2023 and were signed on its behalf by
Mr Tom Leighton Director Company Registration No. 13040537
- 4 -
LPM Truck Parts Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
LPM Truck Parts Limited is a private company, limited by shares, registered in England and Wales, registration number 13040537. The registered office is 77 Hereford Way , Boroughbridge, YO51 9PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
1,679 
30,134 
5,210 
3,794 
40,817 
Additions
208 
49,500 
1,594 
872 
52,174 
At 31 March 2023
1,887 
79,634 
6,804 
4,666 
92,991 
Depreciation
At 1 April 2022
336 
7,534 
1,303 
1,264 
10,437 
Charge for the year
310 
18,025 
1,375 
1,134 
20,844 
At 31 March 2023
646 
25,559 
2,678 
2,398 
31,281 
Net book value
At 31 March 2023
1,241 
54,075 
4,126 
2,268 
61,710 
At 31 March 2022
1,343 
22,600 
3,907 
2,530 
30,380 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
166,022 
176,061 
Accrued income and prepayments
4,901 
5,222 
170,923 
181,283 
- 5 -
LPM Truck Parts Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
35,018 
13,285 
Obligations under finance leases and hire purchase contracts
6,109 
8,815 
Trade creditors
95,864 
165,451 
Taxes and social security
37,442 
29,691 
Other creditors
58,321 
421 
Loans from directors
76,143 
79,010 
Accruals
1,826 
6,870 
310,723 
303,543 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
31,111 
- 
8
Average number of employees
During the year the average number of employees was 8 (2022: 4).
- 6 -