IRIS Accounts Production v24.2.0.383 LPI Europe Limited 07848376 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false A Shares 1.00000 B Shares 1.00000 C Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078483762023-03-31078483762024-03-31078483762023-04-012024-03-31078483762022-03-31078483762022-04-012023-03-31078483762023-03-310784837612023-04-012024-03-3107848376ns15:EnglandWales2023-04-012024-03-3107848376ns14:PoundSterling2023-04-012024-03-3107848376ns10:Director12023-04-012024-03-3107848376ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107848376ns10:SmallEntities2023-04-012024-03-3107848376ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107848376ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107848376ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107848376ns10:FullAccounts2023-04-012024-03-3107848376ns10:OrdinaryShareClass12023-04-012024-03-3107848376ns10:OrdinaryShareClass22023-04-012024-03-3107848376ns10:OrdinaryShareClass32023-04-012024-03-3107848376ns10:Director22023-04-012024-03-3107848376ns10:CompanySecretary12023-04-012024-03-3107848376ns10:RegisteredOffice2023-04-012024-03-3107848376ns5:CurrentFinancialInstruments2024-03-3107848376ns5:CurrentFinancialInstruments2023-03-3107848376ns5:ShareCapital2024-03-3107848376ns5:ShareCapital2023-03-3107848376ns5:RetainedEarningsAccumulatedLosses2024-03-3107848376ns5:RetainedEarningsAccumulatedLosses2023-03-3107848376ns5:FurnitureFittings2023-04-012024-03-3107848376ns5:ComputerEquipment2023-04-012024-03-3107848376ns5:PlantMachinery2023-03-3107848376ns5:PlantMachinery2023-04-012024-03-3107848376ns5:PlantMachinery2024-03-3107848376ns5:PlantMachinery2023-03-3107848376ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107848376ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107848376ns10:OrdinaryShareClass12024-03-3107848376ns10:OrdinaryShareClass22024-03-3107848376ns10:OrdinaryShareClass32024-03-31
REGISTERED NUMBER: 07848376 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LPI WORLDWIDE LOGISTICS LTD

LPI WORLDWIDE LOGISTICS LTD (REGISTERED NUMBER: 07848376)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LPI WORLDWIDE LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P B Ibbitson
L C Peirson





SECRETARY: P B Ibbitson





REGISTERED OFFICE: Unit 4
Shine Knowledge & Innovation Park
St Mark Street
Hull
East Yorkshire
HU8 7FB





REGISTERED NUMBER: 07848376 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

LPI WORLDWIDE LOGISTICS LTD (REGISTERED NUMBER: 07848376)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 468 1,345

CURRENT ASSETS
Debtors 5 327,644 358,186
Cash at bank and in hand 128,746 191,128
456,390 549,314
CREDITORS
Amounts falling due within one year 6 354,503 441,698
NET CURRENT ASSETS 101,887 107,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,355

108,961

PROVISIONS FOR LIABILITIES 124 356
NET ASSETS 102,231 108,605

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 102,131 108,505
SHAREHOLDERS' FUNDS 102,231 108,605

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 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.

LPI WORLDWIDE LOGISTICS LTD (REGISTERED NUMBER: 07848376)

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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





L C Peirson - Director


LPI WORLDWIDE LOGISTICS LTD (REGISTERED NUMBER: 07848376)

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

1. STATUTORY INFORMATION

LPI Worldwide Logistics 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 received or receivable from freight transport services provided, excluding any discounts, rebates, value added tax and other sales taxes. Turnover is recognised on supply of the services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the period of the lease.

LPI WORLDWIDE LOGISTICS LTD (REGISTERED NUMBER: 07848376)

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

2. ACCOUNTING POLICIES - continued

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 the Statement of Income and Retained Earnings in the period to which they relate.

The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees. All contributions payable for the year are charged to the Statement of Income and Retained Earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 8,937
DEPRECIATION
At 1 April 2023 7,592
Charge for year 877
At 31 March 2024 8,469
NET BOOK VALUE
At 31 March 2024 468
At 31 March 2023 1,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 324,090 346,035
Amounts owed by associates 720 11,916
Other debtors 2,834 235
327,644 358,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 292,534 304,596
Taxation and social security 36,079 53,830
Other creditors 25,890 83,272
354,503 441,698

LPI WORLDWIDE LOGISTICS LTD (REGISTERED NUMBER: 07848376)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
37 A Shares £1 37 40
37 B Shares £1 37 40
26 C Shares £1 26 20
100 100