Company Registration No. 10791554 (England and Wales)
LBF Limited
Unaudited accounts
for the year ended 31 May 2023
LBF Limited
Unaudited accounts
Contents
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
LBF Limited
Statement of financial position
as at 31 May 2023
Tangible assets
22,040
24,489
Cash at bank and in hand
1,649
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)
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
LBF Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
LBF Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,423
1,817
Loans from directors
-
1,425
8
Creditors: amounts falling due after more than one year
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).