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REGISTERED NUMBER: 11340749 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

LBP Group Ltd

LBP Group Ltd (Registered number: 11340749)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LBP Group Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Miss L D Beveridge
L J Patel





REGISTERED OFFICE: 36 Linnet Close
Abbeydale
Gloucester
United Kingdom
GL4 4UA





REGISTERED NUMBER: 11340749 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

LBP Group Ltd (Registered number: 11340749)

Statement of Financial Position
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,689 25,203

CURRENT ASSETS
Debtors 5 52,546 30,742
Cash at bank 42,535 36,175
95,081 66,917
CREDITORS
Amounts falling due within one year 6 53,788 41,104
NET CURRENT ASSETS 41,293 25,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,982

51,016

CREDITORS
Amounts falling due after more than one
year

7

(26,912

)

(34,878

)

PROVISIONS FOR LIABILITIES (4,121 ) (4,789 )
NET ASSETS 31,949 11,349

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,947 11,347
SHAREHOLDERS' FUNDS 31,949 11,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

LBP Group Ltd (Registered number: 11340749)

Statement of Financial Position - continued
31 May 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 8 January 2024 and were signed on its behalf by:





L J Patel - Director


LBP Group Ltd (Registered number: 11340749)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

LBP Group Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LBP Group Ltd (Registered number: 11340749)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2022 36,607 1,083 37,690
Additions 4,454 - 4,454
Disposals (1,850 ) - (1,850 )
At 31 May 2023 39,211 1,083 40,294
Depreciation
At 1 June 2022 12,026 461 12,487
Charge for year 7,113 270 7,383
Eliminated on disposal (1,265 ) - (1,265 )
At 31 May 2023 17,874 731 18,605
Net book value
At 31 May 2023 21,337 352 21,689
At 31 May 2022 24,581 622 25,203

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 June 2022
and 31 May 2023 31,600
Depreciation
At 1 June 2022 9,381
Charge for year 5,555
At 31 May 2023 14,936
Net book value
At 31 May 2023 16,664
At 31 May 2022 22,219

LBP Group Ltd (Registered number: 11340749)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 15,452 8,782
Other debtors 37,094 21,960
52,546 30,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts (see note 8) 3,966 3,966
Trade creditors 5,455 1,126
Taxation and social security 10,109 2,194
Other creditors 30,258 29,818
53,788 41,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans 8,000 12,000
Hire purchase contracts (see note 8) 18,912 22,878
26,912 34,878

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/23 31/5/22
£    £   
Net obligations repayable:
Within one year 3,966 3,966
Between one and five years 18,912 22,878
22,878 26,844

Non-cancellable operating leases
31/5/23 31/5/22
£    £   
Within one year 2,915 2,915
Between one and five years 14,200 17,115
17,115 20,030

LBP Group Ltd (Registered number: 11340749)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


9. RELATED PARTY DISCLOSURES

L J Patel & Miss L D Beveridge
Directors

The directors have loaned funds to the company. At 31 May 2023, the loan balance outstanding was £22,832 (2022 - £22,891). The loan is interest free and has no fixed repayment date.