Registered number
08700667
LXPC Ltd
Filleted Accounts
31 August 2023
LXPC Ltd Registered number
Balance Sheet 08700667
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,661 2,215
Current assets
Debtors 4 2,175 9,466
Cash at bank and in hand 26,002 11,010
28,177 20,476
Creditors: amounts falling due within one year 5 (24,214) (22,138)
Net current assets/(liabilities) 3,963 (1,662)
Total assets less current liabilities 5,624 553
Creditors: amounts falling due after more than one year 6 (4,217) (6,517)
Net assets/(liabilities) 1,407 (5,964)
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,406 (5,965)
Shareholders' funds 1,407 (5,964)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Piner
Director
Approved by the board on 27 August 2024
LXPC Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Turnover
Turnover represents fee and associated income receivable, net of Value Added Tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less depreciation. Depreciation has been provided at the following rate to write off assets over their expected useful life:
Equipment - 25% p.a. on the reducing balance basis
2 Employees 2023 2022
Number Number
Average number of employees 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 September 2022 3,939
At 31 August 2023 3,939
Depreciation
At 1 September 2022 1,724
Charge for the year 554
At 31 August 2023 2,278
Net book value
At 31 August 2023 1,661
At 31 August 2022 2,215
4 Debtors 2023 2022
£ £
Trade debtors 1,800 1,230
Loan to director - 7,798
Other debtors 375 438
2,175 9,466
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 2,300 2,300
Expense creditors 1,123 -
Corporation tax 6,547 15,961
Other taxes 3,415 944
Other creditors 10,829 2,933
24,214 22,138
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 4,217 6,517
7 Loan to director
B/fwd Advanced Waived C/fwd
£ £ £ £
L Piner 7,798 - (7,798) -
During the period covered by the accounts, the loan carried interest at 2% to 2.25% p.a.
8 Controlling party
At 31 August 2023 the company was controlled by the director, L Piner, who owned the company's entire issued share capital.
9 Other information
LXPC Ltd is a private company limited by shares and incorporated in England. Its registered office is 1 Britten Close, Langdon Hills, Basildon, Essex SS16 6TB.
LXPC Ltd 08700667 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2024 L Piner No description of principal activity 08700667 2021-09-01 2022-08-31 08700667 core:WithinOneYear 2022-08-31 08700667 core:AfterOneYear 2022-08-31 08700667 core:ShareCapital 2022-08-31 08700667 core:RetainedEarningsAccumulatedLosses 2022-08-31 08700667 2022-09-01 2023-08-31 08700667 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08700667 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08700667 bus:Director40 2022-09-01 2023-08-31 08700667 core:PlantMachinery 2022-09-01 2023-08-31 08700667 bus:Director1 2022-09-01 2023-08-31 08700667 bus:Director1 1 2022-09-01 2023-08-31 08700667 countries:England 2022-09-01 2023-08-31 08700667 bus:FRS102 2022-09-01 2023-08-31 08700667 bus:FilletedAccounts 2022-09-01 2023-08-31 08700667 2023-08-31 08700667 core:WithinOneYear 2023-08-31 08700667 core:AfterOneYear 2023-08-31 08700667 core:ShareCapital 2023-08-31 08700667 core:RetainedEarningsAccumulatedLosses 2023-08-31 08700667 core:PlantMachinery 2023-08-31 08700667 bus:Director1 1 2023-08-31 08700667 2022-08-31 08700667 core:PlantMachinery 2022-08-31 08700667 bus:Director1 1 2022-08-31 iso4217:GBP xbrli:pure