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REGISTERED NUMBER: 07648686















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

LP SUPPLIES LIMITED

LP SUPPLIES LIMITED (REGISTERED NUMBER: 07648686)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

LP SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: D Patel





SECRETARY: D Patel





REGISTERED OFFICE: Unit 23
Sarum Complex
Salisbury Road
Uxbridge
UB8 2RZ





REGISTERED NUMBER: 07648686





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL

LP SUPPLIES LIMITED (REGISTERED NUMBER: 07648686)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 193
Tangible assets 5 - 598
- 791

CURRENT ASSETS
Cash at bank - 2

CREDITORS
Amounts falling due within one year 6 48,828 48,212
NET CURRENT LIABILITIES (48,828 ) (48,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,828

)

(47,419

)

CREDITORS
Amounts falling due after more than one
year

7

50,000

50,000
NET LIABILITIES (98,828 ) (97,419 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (98,928 ) (97,519 )
SHAREHOLDERS' FUNDS (98,828 ) (97,419 )

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 director acknowledges his 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.

LP SUPPLIES LIMITED (REGISTERED NUMBER: 07648686)

BALANCE SHEET - 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 director and authorised for issue on 22 February 2024 and were signed by:





D Patel - Director


LP SUPPLIES LIMITED (REGISTERED NUMBER: 07648686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

LP Supplies Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022 4,560
Disposals (4,560 )
At 31 May 2023 -
AMORTISATION
At 1 June 2022 4,367
Eliminated on disposal (4,367 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 193

LP SUPPLIES LIMITED (REGISTERED NUMBER: 07648686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 11,497
Disposals (11,497 )
At 31 May 2023 -
DEPRECIATION
At 1 June 2022 10,899
Eliminated on disposal (10,899 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,820
Taxation and social security 99 115
Other creditors 48,729 45,277
48,828 48,212

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 50,000 50,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,000 50,000

LP SUPPLIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
LP SUPPLIES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


22 February 2024