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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
Page
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LPM Truck Parts Limited Company Information for the year ended 31 March 2024
Director
Mr Tom Leighton
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
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LPM Truck Parts Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,372 
61,710 
Current assets
Inventories
99,476 
55,645 
Debtors
376,169 
170,923 
Cash at bank and in hand
379,118 
207,016 
854,763 
433,584 
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 
Capital and reserves
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
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LPM Truck Parts Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
370,287 
166,022 
Accrued income and prepayments
5,882 
4,901 
376,169 
170,923 
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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 
£ 
£ 
VAT
57,079 
35,018 
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 
Accruals
2,771 
1,826 
502,013 
310,723 
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).
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