1 April 2022 false No description of principal activity Taxfiler 2023.10.1 NI033274business:PrivateLimitedCompanyLtd2022-04-012023-03-31 NI0332742022-03-31 NI0332742022-04-012023-03-31 NI033274business:AuditExemptWithAccountantsReport2022-04-012023-03-31 NI033274business:FilletedAccounts2022-04-012023-03-31 NI0332742023-03-31 NI033274business:Director12022-04-012023-03-31 NI033274business:Director22022-04-012023-03-31 NI033274business:RegisteredOffice2022-04-012023-03-31 NI0332742022-03-31 NI033274core:WithinOneYear2023-03-31 NI033274core:WithinOneYear2022-03-31 NI033274core:AfterOneYear2023-03-31 NI033274core:AfterOneYear2022-03-31 NI033274core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 NI033274core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 NI033274core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 NI033274core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 NI033274core:PreviouslyStatedAmount2023-03-31 NI033274core:PreviouslyStatedAmount2022-03-31 NI033274business:SmallEntities2022-04-012023-03-31 NI033274countries:NorthernIreland2022-04-012023-03-31 NI033274core:LandBuildings2022-03-31 NI033274core:PlantMachinery2022-03-31 NI033274core:MotorVehicles2022-03-31 NI033274core:FurnitureFittings2022-03-31 NI033274core:ComputerEquipment2022-03-31 NI033274core:LandBuildings2022-04-012023-03-31 NI033274core:PlantMachinery2022-04-012023-03-31 NI033274core:MotorVehicles2022-04-012023-03-31 NI033274core:FurnitureFittings2022-04-012023-03-31 NI033274core:ComputerEquipment2022-04-012023-03-31 NI033274core:LandBuildings2023-03-31 NI033274core:PlantMachinery2023-03-31 NI033274core:MotorVehicles2023-03-31 NI033274core:FurnitureFittings2023-03-31 NI033274core:ComputerEquipment2023-03-31 NI033274business:OrdinaryShareClass12022-04-012023-03-31 NI033274business:OrdinaryShareClass12021-04-012022-03-31 NI0332742021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI033274 (Northern Ireland)
P Lipton and Sons Limited Unaudited accounts for the year ended 31 March 2023
P Lipton and Sons Limited Unaudited accounts Contents
Page
- 2 -
P Lipton and Sons Limited Company Information for the year ended 31 March 2023
Directors
F J McDonald A Downie
Company Number
NI033274 (Northern Ireland)
Registered Office
The Ewart 3 Bedford Square Belfast BT2 7EP
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
- 3 -
P Lipton and Sons Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,532 
17,925 
Current assets
Inventories
244,815 
211,143 
Debtors
16,709 
23,256 
Cash at bank and in hand
- 
29,262 
261,524 
263,661 
Creditors: amounts falling due within one year
(157,252)
(127,421)
Net current assets
104,272 
136,240 
Total assets less current liabilities
127,804 
154,165 
Creditors: amounts falling due after more than one year
(87,252)
(119,726)
Net assets
40,552 
34,439 
Capital and reserves
Called up share capital
105,000 
105,000 
Profit and loss account
(64,448)
(70,561)
Shareholders' funds
40,552 
34,439 
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 directors acknowledge their 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 of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
F J McDonald Director Company Registration No. NI033274
- 4 -
P Lipton and Sons Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
P Lipton and Sons Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI033274. The registered office is The Ewart, 3 Bedford Square, Belfast, BT2 7EP.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation is provided at annual rates in order to write off the assets over their estimated useful lives.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
28,311 
76,001 
49,557 
35,360 
5,214 
194,443 
Additions
- 
9,316 
- 
- 
316 
9,632 
At 31 March 2023
28,311 
85,317 
49,557 
35,360 
5,530 
204,075 
Depreciation
At 1 April 2022
28,311 
72,098 
49,555 
21,425 
5,129 
176,518 
Charge for the year
- 
2,352 
- 
1,600 
73 
4,025 
At 31 March 2023
28,311 
74,450 
49,555 
23,025 
5,202 
180,543 
Net book value
At 31 March 2023
- 
10,867 
2 
12,335 
328 
23,532 
At 31 March 2022
- 
3,903 
2 
13,935 
85 
17,925 
- 5 -
P Lipton and Sons Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,521 
19,258 
Accrued income and prepayments
1,735 
1,552 
Other debtors
2,453 
2,446 
16,709 
23,256 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
62,982 
50,186 
VAT
14,941 
11,315 
Trade creditors
31,283 
7,941 
Taxes and social security
2,209 
12,336 
Other creditors
104 
13,919 
Loans from directors
- 
900 
Accruals
3,504 
- 
Deferred income
42,229 
30,824 
157,252 
127,421 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
87,252 
119,726 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
105,000 Ordinary shares of £1 each
105,000 
105,000 
9
Average number of employees
During the year the average number of employees was 9 (2022: 11).
- 6 -