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REGISTERED NUMBER: 04393197 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LSP MAINTENANCE SERVICES LTD

LSP MAINTENANCE SERVICES LTD (REGISTERED NUMBER: 04393197)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


LSP MAINTENANCE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S Lomas





REGISTERED OFFICE: Unit 2
Chapel Street
New Mills
High Peak
SK22 3JN





REGISTERED NUMBER: 04393197 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

LSP MAINTENANCE SERVICES LTD (REGISTERED NUMBER: 04393197)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,071 30,360

CURRENT ASSETS
Debtors 5 232,681 235,027
Cash at bank and in hand 290,590 296,201
523,271 531,228
CREDITORS
Amounts falling due within one year 6 131,058 111,194
NET CURRENT ASSETS 392,213 420,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,284

450,394

PROVISIONS FOR LIABILITIES 7 21,482 -
NET ASSETS 483,802 450,394

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 483,800 450,392
SHAREHOLDERS' FUNDS 483,802 450,394

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

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

LSP MAINTENANCE SERVICES LTD (REGISTERED NUMBER: 04393197)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





S Lomas - Director


LSP MAINTENANCE SERVICES LTD (REGISTERED NUMBER: 04393197)

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

1. STATUTORY INFORMATION

LSP Maintenance Services 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.

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 - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

LSP MAINTENANCE SERVICES LTD (REGISTERED NUMBER: 04393197)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 149,004
Additions 108,502
Disposals (40,262 )
At 31 March 2024 217,244
DEPRECIATION
At 1 April 2023 118,644
Charge for year 25,791
Eliminated on disposal (40,262 )
At 31 March 2024 104,173
NET BOOK VALUE
At 31 March 2024 113,071
At 31 March 2023 30,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 147,066 235,027
Amounts owed by group undertakings 173 -
Other debtors 85,442 -
232,681 235,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 84,172 69,658
Taxation and social security 31,316 11,862
Other creditors 15,570 29,674
131,058 111,194

7. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 21,482 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 21,482
Balance at 31 March 2024 21,482

LSP MAINTENANCE SERVICES LTD (REGISTERED NUMBER: 04393197)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary £1 2 2