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REGISTERED NUMBER: 13668335 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Lupin and Turner Ltd

Lupin and Turner Ltd (Registered number: 13668335)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4 to 5


Lupin and Turner Ltd

Company Information
for the Year Ended 31 October 2023







Director: G Turner





Registered office: Oakley House
16 Market Place
Swaffham
Norfolk
PE37 7QH





Registered number: 13668335 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lupin and Turner Ltd


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 Statement of financial position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lupin and Turner Ltd for the year ended 31 October 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lupin and Turner Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lupin and Turner Ltd and state those matters that we have agreed to state to the director of Lupin and Turner Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lupin and Turner Ltd and its director for our work or for this report.

It is your duty to ensure that Lupin and Turner Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lupin and Turner Ltd. You consider that Lupin and Turner Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lupin and Turner Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


4 April 2024

Lupin and Turner Ltd (Registered number: 13668335)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 43,669 57,242

Current assets
Debtors 6 1,122 26,488
Cash at bank 99,673 69,090
100,795 95,578
Creditors
Amounts falling due within one year 7 63,097 48,555
Net current assets 37,698 47,023
Total assets less current liabilities 81,367 104,265

Capital and reserves
Called up share capital 1 1
Retained earnings 81,366 104,264
81,367 104,265

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

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

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 4 April 2024 and were signed by:





G Turner - Director


Lupin and Turner Ltd (Registered number: 13668335)

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


1. Statutory information

Lupin and Turner 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.

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Lupin and Turner Ltd (Registered number: 13668335)

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


4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2022 74,452 1,650 76,102
Additions 897 - 897
At 31 October 2023 75,349 1,650 76,999
Depreciation
At 1 November 2022 18,536 324 18,860
Charge for year 14,139 331 14,470
At 31 October 2023 32,675 655 33,330
Net book value
At 31 October 2023 42,674 995 43,669
At 31 October 2022 55,916 1,326 57,242

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Directors' loan accounts - 26,488
VAT 1,122 -
1,122 26,488

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Corporation tax 3,435 25,649
VAT - 3,600
Directors' loan accounts 27,527 -
Deferred income 25,881 13,685
Accrued expenses 6,254 5,621
63,097 48,555

8. Directors' advances, credits and guarantees

During the year the company provided the director with an unsecured, interest free loan. The aggregate amount loaned to the director during the year amounted to £79,662 (2022: £26,488). The aggregate amount repaid during the year amounted to £106,150. The amount outstanding at the balance sheet date was £Nil (2022: £26,488).

9. Related party disclosures

During the year the company paid rent of £45,000 (2022: £26,250) to the director of the company.