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REGISTERED NUMBER: 12598635 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

LSA Supplies Ltd

LSA Supplies Ltd (Registered number: 12598635)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


LSA Supplies Ltd (Registered number: 12598635)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,328 19,042

CURRENT ASSETS
Stocks 186,321 78,000
Debtors 5 220,295 93,219
Cash at bank and in hand 85,530 34,548
492,146 205,767
CREDITORS
Amounts falling due within one year 6 297,743 92,418
NET CURRENT ASSETS 194,403 113,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,731

132,391

CREDITORS
Amounts falling due after more than one
year

7

67,307

59,363
NET ASSETS 195,424 73,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 195,324 72,928
195,424 73,028

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

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

LSA Supplies Ltd (Registered number: 12598635)

Balance Sheet - continued
31 May 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 16 September 2024 and were signed on its behalf by:





L Sperring - Director


LSA Supplies Ltd (Registered number: 12598635)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

LSA Supplies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12598635

Registered office: Unit B, Clovelly Road
Soutbourne
Emsworth
Hampshire
PO10 8PF

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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 12 (2023 - 3 ) .

LSA Supplies Ltd (Registered number: 12598635)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 - 21,243 5,233 233 26,709
Additions 4,125 48,500 14,467 - 67,092
Disposals - (10,000 ) - - (10,000 )
At 31 May 2024 4,125 59,743 19,700 233 83,801
DEPRECIATION
At 1 June 2023 - 4,696 2,946 25 7,667
Charge for year - 7,486 2,768 52 10,306
Eliminated on disposal - (2,500 ) - - (2,500 )
At 31 May 2024 - 9,682 5,714 77 15,473
NET BOOK VALUE
At 31 May 2024 4,125 50,061 13,986 156 68,328
At 31 May 2023 - 16,547 2,287 208 19,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 219,545 92,469
Other debtors 750 750
220,295 93,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 223,256 70,701
Taxation and social security 57,237 20,088
Other creditors 17,250 1,629
297,743 92,418

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 36,144 41,363
Hire purchase contracts 19,163 -
Other creditors 12,000 18,000
67,307 59,363