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Company Registration No. 10791554 (England and Wales)
LBF Limited Unaudited accounts for the year ended 31 May 2023
LBF Limited Unaudited accounts Contents
Page
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LBF Limited Company Information for the year ended 31 May 2023
Directors
I Bell P Bell A Bell
Company Number
10791554 (England and Wales)
Registered Office
Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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LBF Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
150 
150 
Tangible assets
22,040 
24,489 
22,190 
24,639 
Current assets
Debtors
1,212 
- 
Cash at bank and in hand
1,649 
2,836 
2,861 
2,836 
Creditors: amounts falling due within one year
(8,293)
(6,440)
Net current liabilities
(5,432)
(3,604)
Total assets less current liabilities
16,758 
21,035 
Creditors: amounts falling due after more than one year
(12,239)
(15,895)
Provisions for liabilities
Deferred tax
(4,216)
(4,681)
Net assets
303 
459 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
153 
309 
Shareholders' funds
303 
459 
For the year ending 31 May 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 29 February 2024 and were signed on its behalf by
I Bell Director Company Registration No. 10791554
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LBF Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
LBF Limited is a private company, limited by shares, registered in England and Wales, registration number 10791554. The registered office is Suite 2, Riverside Court, Castle Street, Barnstaple, Devon, EX31 1DR.
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:
Fixtures & fittings
10% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
150 
At 31 May 2023
150 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
150 
At 31 May 2022
150 
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LBF Limited Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
41,095 
At 31 May 2023
41,095 
Depreciation
At 1 June 2022
16,606 
Charge for the year
2,449 
At 31 May 2023
19,055 
Net book value
At 31 May 2023
22,040 
At 31 May 2022
24,489 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,212 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,423 
1,817 
Loans from directors
- 
1,425 
Accruals
5,870 
3,198 
8,293 
6,440 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,239 
15,895 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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