IRIS Accounts Production v23.3.1.45 05430914 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054309142022-03-31054309142023-03-31054309142022-04-012023-03-31054309142021-03-31054309142021-04-012022-03-31054309142022-03-3105430914ns10:Originalns15:EnglandWales2022-04-012023-03-3105430914ns14:PoundSterlingns10:Original2022-04-012023-03-3105430914ns10:Originalns10:Director12022-04-012023-03-3105430914ns10:Original2022-04-012023-03-3105430914ns10:Original2023-03-3105430914ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105430914ns10:Originalns10:SmallEntities2022-04-012023-03-3105430914ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3105430914ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105430914ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105430914ns10:Originalns10:FullAccounts2022-04-012023-03-3105430914ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105430914ns10:Original2022-03-3105430914ns10:Originalns5:CurrentFinancialInstruments2023-03-3105430914ns10:Originalns5:CurrentFinancialInstruments2022-03-3105430914ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105430914ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105430914ns5:ShareCapitalns10:Original2023-03-3105430914ns5:ShareCapitalns10:Original2022-03-3105430914ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105430914ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105430914ns10:Originalns5:PlantMachinery2022-04-012023-03-3105430914ns10:Originalns5:FurnitureFittings2022-04-012023-03-3105430914ns10:Originalns5:MotorVehicles2022-04-012023-03-3105430914ns10:Original2021-04-012022-03-3105430914ns10:Originalns5:PlantMachinery2022-03-3105430914ns10:Originalns5:FurnitureFittings2022-03-3105430914ns10:Originalns5:MotorVehicles2022-03-3105430914ns10:Original2022-03-3105430914ns10:Originalns5:PlantMachinery2023-03-3105430914ns10:Originalns5:FurnitureFittings2023-03-3105430914ns10:Originalns5:MotorVehicles2023-03-3105430914ns10:Originalns5:PlantMachinery2022-03-3105430914ns10:Originalns5:FurnitureFittings2022-03-3105430914ns10:Originalns5:MotorVehicles2022-03-3105430914ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105430914ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 05430914 (England and Wales)















LBS (East Anglia) Limited

Unaudited Financial Statements

for the year ended

31 March 2023






LBS (East Anglia) Limited (Registered number: 05430914)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4

Chartered Accountants' Report 5

LBS (East Anglia) Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: D Lincoln





REGISTERED OFFICE: Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY





BUSINESS ADDRESS: Low Acre
Mill Road
Hempnall
Norwich
Norfolk
NR15 2LP





REGISTERED NUMBER: 05430914 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

LBS (East Anglia) Limited (Registered number: 05430914)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,900 18,693

CURRENT ASSETS
Stocks 25,939 37,888
Debtors 5 4,078 25
Cash at bank 44,948 64,125
74,965 102,038
CREDITORS
Amounts falling due within one year 6 (25,824 ) (38,688 )
NET CURRENT ASSETS 49,141 63,350
TOTAL ASSETS LESS CURRENT LIABILITIES 65,041 82,043

CREDITORS
Amounts falling due after more than one year 7 (24,167 ) (32,500 )

PROVISIONS FOR LIABILITIES (3,021 ) (3,551 )
NET ASSETS 37,853 45,992

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 37,851 45,990
SHAREHOLDERS' FUNDS 37,853 45,992

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 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.

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 20 October 2023 and were signed by:





D Lincoln - Director


LBS (East Anglia) Limited (Registered number: 05430914)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

LBS (East Anglia) 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LBS (East Anglia) Limited (Registered number: 05430914)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 12,451 11,594 27,896 51,941
Additions 1,180 2,408 - 3,588
Disposals - - (5,900 ) (5,900 )
At 31 March 2023 13,631 14,002 21,996 49,629
DEPRECIATION
At 1 April 2022 12,040 10,909 10,299 33,248
Charge for year 241 641 5,499 6,381
Eliminated on disposal - - (5,900 ) (5,900 )
At 31 March 2023 12,281 11,550 9,898 33,729
NET BOOK VALUE
At 31 March 2023 1,350 2,452 12,098 15,900
At 31 March 2022 411 685 17,597 18,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 417 -
Other debtors 3,661 25
4,078 25

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,167 10,000
Trade creditors 7,234 13,606
Taxation and social security 215 5,068
Other creditors 9,208 10,014
25,824 38,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,167 32,500

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
LBS (East Anglia) Limited


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 Balance Sheet. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LBS (East Anglia) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of LBS (East Anglia) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LBS (East Anglia) Limited and state those matters that we have agreed to state to the director of LBS (East Anglia) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LBS (East Anglia) Limited and its director for our work or for this report.

It is your duty to ensure that LBS (East Anglia) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LBS (East Anglia) Limited. You consider that LBS (East Anglia) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LBS (East Anglia) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


20 October 2023