1 October 2022 false No description of principal activity Taxfiler 2023.14 11561314business:PrivateLimitedCompanyLtd2022-10-012023-09-30 115613142022-09-30 115613142022-10-012023-09-30 11561314business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 11561314business:FilletedAccounts2022-10-012023-09-30 115613142023-09-30 11561314business:Director12022-10-012023-09-30 11561314business:Director22022-10-012023-09-30 11561314business:RegisteredOffice2022-10-012023-09-30 115613142022-09-30 11561314core:WithinOneYear2023-09-30 11561314core:WithinOneYear2022-09-30 11561314core:AfterOneYear2023-09-30 11561314core:AfterOneYear2022-09-30 11561314core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 11561314core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 11561314core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 11561314core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 11561314core:PreviouslyStatedAmount2023-09-30 11561314core:PreviouslyStatedAmount2022-09-30 11561314business:SmallEntities2022-10-012023-09-30 11561314countries:EnglandWales2022-10-012023-09-30 11561314core:PlantMachinery2022-10-012023-09-30 11561314core:MotorVehicles2022-10-012023-09-30 11561314core:ComputerEquipment2022-10-012023-09-30 11561314core:PlantMachinery2022-09-30 11561314core:MotorVehicles2022-09-30 11561314core:ComputerEquipment2022-09-30 11561314core:PlantMachinery2023-09-30 11561314core:MotorVehicles2023-09-30 11561314core:ComputerEquipment2023-09-30 11561314core:AfterOneYear2022-10-012023-09-30 11561314core:AcceleratedTaxDepreciationDeferredTax2023-09-30 11561314core:AcceleratedTaxDepreciationDeferredTax2022-09-30 115613142021-09-30 115613142021-10-012022-09-30 11561314business:OrdinaryShareClass12022-10-012023-09-30 11561314business:OrdinaryShareClass12021-10-012022-09-30 11561314business:OrdinaryShareClass22022-10-012023-09-30 11561314business:OrdinaryShareClass22021-10-012022-09-30 11561314business:AllOrdinaryShares2022-10-012023-09-30 11561314business:AllOrdinaryShares2021-10-012022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11561314 (England and Wales)
L.P. Drylining Ltd Unaudited accounts for the year ended 30 September 2023
L.P. Drylining Ltd Unaudited accounts Contents
Page
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L.P. Drylining Ltd Company Information for the year ended 30 September 2023
Directors
Lee Pickering Gemma Smith
Company Number
11561314 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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L.P. Drylining Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,282 
13,228 
Current assets
Debtors
16,295 
13,202 
Cash at bank and in hand
97,949 
113,642 
114,244 
126,844 
Creditors: amounts falling due within one year
(24,376)
(29,647)
Net current assets
89,868 
97,197 
Total assets less current liabilities
112,150 
110,425 
Creditors: amounts falling due after more than one year
(16,807)
(24,000)
Provisions for liabilities
Deferred tax
(7,385)
(2,513)
Net assets
87,958 
83,912 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
87,858 
83,812 
Shareholders' funds
87,958 
83,912 
For the year ending 30 September 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 2 February 2024 and were signed on its behalf by
Lee Pickering Director Company Registration No. 11561314
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L.P. Drylining Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
L.P. Drylining Ltd is a private company, limited by shares, registered in England and Wales, registration number 11561314. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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L.P. Drylining Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
1,246 
33,458 
200 
34,904 
Additions
- 
29,250 
- 
29,250 
Disposals
- 
(33,458)
- 
(33,458)
At 30 September 2023
1,246 
29,250 
200 
30,696 
Depreciation
At 1 October 2022
851 
20,688 
137 
21,676 
Charge for the year
98 
7,312 
16 
7,426 
On disposals
- 
(20,688)
- 
(20,688)
At 30 September 2023
949 
7,312 
153 
8,414 
Net book value
At 30 September 2023
297 
21,938 
47 
22,282 
At 30 September 2022
395 
12,770 
63 
13,228 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,584 
1,401 
Trade debtors
783 
- 
Other debtors
13,928 
11,801 
16,295 
13,202 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
Trade creditors
- 
807 
Taxes and social security
1,242 
7,776 
Loans from directors
426 
483 
Accruals
780 
780 
Deferred income
13,928 
11,801 
24,376 
29,647 
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L.P. Drylining Ltd Notes to the Accounts for the year ended 30 September 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,000 
24,000 
Trade creditors
807 
- 
16,807 
24,000 
A bounce back loan secured by the UK Government with a repayment term of 5 years. (4 remaining) The loan accrues interest at a rate of 2.5% per annum. Due after 12 months Year 2. £8,000 Year 3. £8,000
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
7,385 
2,513 
2023 
2022 
£ 
£ 
Provision at start of year
2,513 
3,351 
Charged/(credited) to the profit and loss account
4,872 
(838)
Provision at end of year
7,385 
2,513 
A deferred taxation reserve has been created due to accelerated capital allowances being claimed of some £29,250 This reserve will reverse in future periods creating a tax laibility at the prevailing rate on the day.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares - "A" of £1 each
50 
50 
50 Ordinary shares - "B" of £1 each
50 
50 
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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