Company Registration No. 13040537 (England and Wales)
LPM Truck Parts Limited
Unaudited accounts
for the year ended 31 March 2024
LPM Truck Parts Limited
Unaudited accounts
Contents
LPM Truck Parts Limited
Company Information
for the year ended 31 March 2024
Company Number
13040537 (England and Wales)
Registered Office
77 Hereford Way
Boroughbridge
YO51 9PA
Accountants
JB Norfolk & Co
1A Sykes Grove
Harrogate
North Yorkshire
HG1 2DB
LPM Truck Parts Limited
Statement of financial position
as at 31 March 2024
Tangible assets
62,372
61,710
Cash at bank and in hand
379,118
207,016
Creditors: amounts falling due within one year
(502,013)
(310,723)
Net current assets
352,750
122,861
Total assets less current liabilities
415,122
184,571
Creditors: amounts falling due after more than one year
(18,162)
(31,111)
Provisions for liabilities
Deferred tax
(9,468)
(4,671)
Net assets
387,492
148,789
Called up share capital
3
1
Profit and loss account
387,489
148,788
Shareholders' funds
387,492
148,789
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 15 November 2024 and were signed on its behalf by
Mr Tom Leighton
Director
Company Registration No. 13040537
LPM Truck Parts Limited
Notes to the Accounts
for the year ended 31 March 2024
LPM Truck Parts Limited is a private company, limited by shares, registered in England and Wales, registration number 13040537. The registered office is 77 Hereford Way , Boroughbridge, YO51 9PA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
1,887
79,634
6,804
4,666
92,991
Additions
943
16,750
2,716
1,295
21,704
At 31 March 2024
2,830
96,384
9,520
5,961
114,695
At 1 April 2023
646
25,559
2,678
2,398
31,281
Charge for the year
437
17,706
1,711
1,188
21,042
At 31 March 2024
1,083
43,265
4,389
3,586
52,323
At 31 March 2024
1,747
53,119
5,131
2,375
62,372
At 31 March 2023
1,241
54,075
4,126
2,268
61,710
Amounts falling due within one year
Trade debtors
370,287
166,022
Accrued income and prepayments
5,882
4,901
LPM Truck Parts Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,404
6,109
Trade creditors
222,841
95,864
Taxes and social security
107,014
37,442
Other creditors
63,231
58,321
Loans from directors
45,673
76,143
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
18,162
31,111
8
Average number of employees
During the year the average number of employees was 10 (2023: 8).