Company Registration No. 10342133 (England and Wales)
LJSP LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
LJSP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
LJSP LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11,553
14,704
Current assets
Stocks
232,557
234,278
Debtors
5
21,851
172,067
Cash at bank and in hand
77,719
38,943
332,127
445,288
Creditors: amounts falling due within one year
6
(29,350)
(71,904)
Net current assets
302,777
373,384
Total assets less current liabilities
314,330
388,088
Creditors: amounts falling due after more than one year
7
(978,907)
(949,385)
Net liabilities
(664,577)
(561,297)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(665,577)
(562,297)
Total equity
(664,577)
(561,297)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
LJSP LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 October 2024 and are signed on its behalf by:
M R Boulos
Director
Company Registration No. 10342133
LJSP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
LJSP Ltd is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on the going concern basis which is dependent on thetrue
continued financial support from the company's directors and other creditors and on the ability of the company to continue trading. Should the directors and other creditors withdraw their support and the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and re-classify fixed assets as current assets.
1.3
Turnover
Turnover is provided at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
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 equipment
25% on reducing balance
1.5
Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2
Employees
The average number of employees during the year was 4 (2023 - 4).
3
Taxation
No liability to UK corporation tax arose for the year ended 31 March 2024 nor for the year ended 31 March 2023.
LJSP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2023 and 31 March 2024
22,218
Depreciation and impairment
At 1 April 2023
6,814
Depreciation charged in the year
3,851
At 31 March 2024
10,665
Carrying amount
At 31 March 2024
11,553
At 31 March 2023
14,704
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,742
166,401
Other debtors
11,109
5,666
21,851
172,067
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
22,370
67,819
Other creditors
4,980
2,200
Accruals
2,000
1,885
29,350
71,904
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to connected company
299,907
300,385
Directors' loan accounts
679,000
649,000
978,907
949,385