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Company Registration No. 09994942 (England and Wales)
LB Motors & Parts Ltd Unaudited accounts for the year ended 29 February 2024
LB Motors & Parts Ltd Unaudited accounts Contents
Page
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LB Motors & Parts Ltd Company Information for the year ended 29 February 2024
Director
Saulius Vaicius
Company Number
09994942 (England and Wales)
Registered Office
Bott Lane Stourbridge DY9 7AW
Accountants
Eurofirma Ltd 59 Devons Road London E3 3DW
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LB Motors & Parts Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,225 
1,225 
Current assets
Debtors
100 
100 
Cash at bank and in hand
661 
661 
761 
761 
Creditors: amounts falling due within one year
(8,892)
(8,892)
Net current liabilities
(8,131)
(8,131)
Net liabilities
(6,906)
(6,906)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,006)
(7,006)
Shareholders' funds
(6,906)
(6,906)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 9 October 2024 and were signed on its behalf by
Saulius Vaicius Director Company Registration No. 09994942
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LB Motors & Parts Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
LB Motors & Parts Ltd is a private company, limited by shares, registered in England and Wales, registration number 09994942. The registered office is Bott Lane, Stourbridge, DY9 7AW.
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.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,222 
At 29 February 2024
2,222 
Depreciation
At 1 March 2023
997 
At 29 February 2024
997 
Net book value
At 29 February 2024
1,225 
At 28 February 2023
1,225 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
8,892 
8,892 
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LB Motors & Parts Ltd Notes to the Accounts for the year ended 29 February 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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