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REGISTERED NUMBER: 05027487 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LUPTON ELECTRICAL & PLUMBING LIMITED

LUPTON ELECTRICAL & PLUMBING LIMITED (REGISTERED NUMBER: 05027487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUPTON ELECTRICAL & PLUMBING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M J Lupton
Mrs K Lupton





SECRETARY: Mrs K Lupton





REGISTERED OFFICE: 37 Wolsey Croft
Sherburn In Elmet
Leeds
North Yorkshire
LS25 6DR





REGISTERED NUMBER: 05027487 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

LUPTON ELECTRICAL & PLUMBING LIMITED (REGISTERED NUMBER: 05027487)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,509
Tangible assets 5 3,378 4,232
3,378 5,741

CURRENT ASSETS
Stocks 5,679 2,926
Debtors 6 15,444 31,611
Cash at bank 4,926 2,320
26,049 36,857
CREDITORS
Amounts falling due within one year 7 36,180 46,516
NET CURRENT LIABILITIES (10,131 ) (9,659 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,753 ) (3,918 )

CREDITORS
Amounts falling due after more than one year 8 32,328 32,103
NET LIABILITIES (39,081 ) (36,021 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,181 ) (36,121 )
SHAREHOLDERS' FUNDS (39,081 ) (36,021 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

LUPTON ELECTRICAL & PLUMBING LIMITED (REGISTERED NUMBER: 05027487)

BALANCE SHEET - continued
31ST MARCH 2024


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 2nd September 2024 and were signed on its behalf by:




M J Lupton - Director



Mrs K Lupton - Director


LUPTON ELECTRICAL & PLUMBING LIMITED (REGISTERED NUMBER: 05027487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Lupton Electrical & Plumbing Limited 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 and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Revenue is recognised when the service has been carried out.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised evenly over its estimated useful life of twenty years, and is now fully amortised.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

LUPTON ELECTRICAL & PLUMBING LIMITED (REGISTERED NUMBER: 05027487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Going concern
The Financial Statements have been prepared on a Going Concern basis, despite the balance sheet showing net liabilities. The company has support from the directors and will continue to do so for a period in excess of 12 months from the date of approval of these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 30,085
AMORTISATION
At 1st April 2023 28,576
Charge for year 1,509
At 31st March 2024 30,085
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 1,509

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 6,409 7,931 20,190 3,452 37,982
DEPRECIATION
At 1st April 2023 5,201 7,093 18,191 3,265 33,750
Charge for year 181 126 500 47 854
At 31st March 2024 5,382 7,219 18,691 3,312 34,604
NET BOOK VALUE
At 31st March 2024 1,027 712 1,499 140 3,378
At 31st March 2023 1,208 838 1,999 187 4,232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,115 21,991
Other debtors 10,329 9,620
15,444 31,611

LUPTON ELECTRICAL & PLUMBING LIMITED (REGISTERED NUMBER: 05027487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,141 23,600
Trade creditors 17,868 19,306
Taxation and social security 4,571 2,107
Other creditors 1,600 1,503
36,180 46,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,849 13,964
Other creditors 24,479 18,139
32,328 32,103

9. SECURED DEBTS

HSBC Bank Plc holds a debenture created on 24/06/2004 for any amounts due or to become due from the company to HSBC Bank Plc on any account whatsoever.

This is a fixed and floating charge over the undertaking and all property and assets, present and future, including goodwill, book debts, uncalled capital, buildings, fixed and fixed plant and machinery.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £24,480 (2023 - £18,138) to members of key management personnel. No interest has been charged to the company in respect of this loan which is payable on demand and is presented within creditors due after one year.