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REGISTERED NUMBER: 07027527 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

LPN LIMITED

LPN LIMITED (REGISTERED NUMBER: 07027527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LPN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Ms A H Don
Mrs J R M Turner





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 07027527 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

LPN LIMITED (REGISTERED NUMBER: 07027527)

BALANCE SHEET
28 FEBRUARY 2023

28.2.22 28.2.23
£    £    Notes £    £   
FIXED ASSETS
24,000 Intangible assets 4 18,000
3,507 Tangible assets 5 5,604
27,507 23,604

CURRENT ASSETS
9,500 Stocks 9,500
5,550 Debtors 6 13,164
28,373 Cash at bank and in hand 52,949
43,423 75,613
CREDITORS
50,248 Amounts falling due within one year 7 67,782
(6,825 ) NET CURRENT ASSETS/(LIABILITIES) 7,831
20,682 TOTAL ASSETS LESS CURRENT
LIABILITIES

31,435

CREDITORS
(19,643 ) Amounts falling due after more than one
year

8

(12,412

)

(666 ) PROVISIONS FOR LIABILITIES (1,065 )
373 NET ASSETS 17,958

CAPITAL AND RESERVES
2 Called up share capital 100
371 Retained earnings 17,858
373 SHAREHOLDERS' FUNDS 17,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LPN LIMITED (REGISTERED NUMBER: 07027527)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs J R M Turner - Director


LPN LIMITED (REGISTERED NUMBER: 07027527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

LPN 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor and deferred income balances.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciated is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% reducing balance
Computer equipment - 25% reducing balance

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

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


LPN LIMITED (REGISTERED NUMBER: 07027527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 60,000
AMORTISATION
At 1 March 2022 36,000
Charge for year 6,000
At 28 February 2023 42,000
NET BOOK VALUE
At 28 February 2023 18,000
At 28 February 2022 24,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
Totals machinery equipment
£    £    £   
COST
At 1 March 2022 22,361 19,514 2,847
Additions 3,600 3,600 -
Disposals (254 ) (254 ) -
At 28 February 2023 25,707 22,860 2,847
DEPRECIATION
At 1 March 2022 18,854 16,776 2,078
Charge for year 1,450 1,258 192
Eliminated on disposal (201 ) (201 ) -
At 28 February 2023 20,103 17,833 2,270
NET BOOK VALUE
At 28 February 2023 5,604 5,027 577
At 28 February 2022 3,507 2,738 769

LPN LIMITED (REGISTERED NUMBER: 07027527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 4,805 2,400
Other debtors 8,359 3,150
13,164 5,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 7,062 6,952
Taxation and social security 33,491 28,988
Other creditors 27,229 14,308
67,782 50,248

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 12,412 19,643