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Company Registration No. 05878079 (England and Wales)
Lopez Neary Limited Unaudited accounts for the year ended 31 March 2023
Lopez Neary Limited Unaudited accounts Contents
Page
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Lopez Neary Limited Company Information for the year ended 31 March 2023
Director
Heidi Lopez Neary
Secretary
Thomas Jean Claude Joseph Mangin
Company Number
05878079 (England and Wales)
Registered Office
28 Cavalier Drive Apperley Bridge Bradford West Yorkshire BD10 0UF
Accountants
True North Accountancy Ltd 19 Forest Crescent Illingworth Halifax West Yorkshire HX2 8DS
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Lopez Neary Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,630 
983 
Current assets
Debtors
1,535 
7,060 
Cash at bank and in hand
57,637 
39,549 
59,172 
46,609 
Creditors: amounts falling due within one year
(28,001)
(28,604)
Net current assets
31,171 
18,005 
Total assets less current liabilities
32,801 
18,988 
Provisions for liabilities
Deferred tax
(296)
- 
Net assets
32,505 
18,988 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
32,504 
18,987 
Shareholders' funds
32,505 
18,988 
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 24 November 2023 and were signed on its behalf by
Heidi Lopez Neary Director Company Registration No. 05878079
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Lopez Neary Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Lopez Neary Limited is a private company, limited by shares, registered in England and Wales, registration number 05878079. The registered office is 28 Cavalier Drive, Apperley Bridge, Bradford, West Yorkshire, BD10 0UF.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
33% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Lopez Neary Limited Notes to the Accounts for the year ended 31 March 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,265 
Additions
1,199 
At 31 March 2023
6,464 
Depreciation
At 1 April 2022
4,282 
Charge for the year
552 
At 31 March 2023
4,834 
Net book value
At 31 March 2023
1,630 
At 31 March 2022
983 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,050 
7,060 
Accrued income and prepayments
485 
- 
1,535 
7,060 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,630 
4,494 
Loans from directors
23,721 
23,460 
Accruals
650 
650 
28,001 
28,604 
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Lopez Neary Limited Notes to the Accounts for the year ended 31 March 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
296 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
296 
- 
Provision at end of year
296 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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