IRIS Accounts Production v24.2.0.383 13217712 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132177122023-02-28132177122024-02-29132177122023-03-012024-02-29132177122022-02-28132177122022-03-012023-02-28132177122023-02-2813217712ns15:EnglandWales2023-03-012024-02-2913217712ns14:PoundSterling2023-03-012024-02-2913217712ns10:Director12023-03-012024-02-2913217712ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913217712ns10:SmallEntities2023-03-012024-02-2913217712ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913217712ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913217712ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913217712ns10:FullAccounts2023-03-012024-02-291321771212023-03-012024-02-2913217712ns10:RegisteredOffice2023-03-012024-02-2913217712ns5:CurrentFinancialInstruments2024-02-2913217712ns5:CurrentFinancialInstruments2023-02-2813217712ns5:ShareCapital2024-02-2913217712ns5:ShareCapital2023-02-2813217712ns5:RetainedEarningsAccumulatedLosses2024-02-2913217712ns5:RetainedEarningsAccumulatedLosses2023-02-2813217712ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913217712ns5:FurnitureFittings2023-03-012024-02-2913217712ns5:ComputerEquipment2023-03-012024-02-2913217712ns5:IntangibleAssetsOtherThanGoodwill2023-02-2813217712ns5:IntangibleAssetsOtherThanGoodwill2024-02-2913217712ns5:IntangibleAssetsOtherThanGoodwill2023-02-2813217712ns5:FurnitureFittings2023-02-2813217712ns5:ComputerEquipment2023-02-2813217712ns5:FurnitureFittings2024-02-2913217712ns5:ComputerEquipment2024-02-2913217712ns5:FurnitureFittings2023-02-2813217712ns5:ComputerEquipment2023-02-2813217712ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913217712ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813217712ns5:WithinOneYear2024-02-2913217712ns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 13217712 (England and Wales)















Financial Statements

for the Year Ended 29 February 2024

for

LB Passive Fire Limited

LB Passive Fire Limited (Registered number: 13217712)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LB Passive Fire Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: P Burnham





REGISTERED OFFICE: Beech View
Cryers Hill Road
High Wycombe
Buckinghamshire
HP15 6JS





REGISTERED NUMBER: 13217712 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

LB Passive Fire Limited (Registered number: 13217712)

Statement of Financial Position
29 February 2024

29/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - 26,368
Property, plant and equipment 6 3,028 3,058
3,028 29,426

CURRENT ASSETS
Inventories 4,296 3,699
Debtors 7 194,344 90,797
Cash in hand 300 100
198,940 94,596
CREDITORS
Amounts falling due within one year 8 (209,724 ) (204,999 )
NET CURRENT LIABILITIES (10,784 ) (110,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,756

)

(80,977

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,856 ) (81,077 )
(7,756 ) (80,977 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LB Passive Fire Limited (Registered number: 13217712)

Statement of Financial Position - continued
29 February 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 director and authorised for issue on 27 November 2024 and were signed by:





P Burnham - Director


LB Passive Fire Limited (Registered number: 13217712)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

LB Passive Fire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide support to the company to enable it to meet its liabilities for the twelve months from the date of signing these financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - Straight line over 5 years
Computer equipment - Straight line over 3 years

Stocks
Inventories 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 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 statement of financial position date.


LB Passive Fire Limited (Registered number: 13217712)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 March 2023 26,368
Disposals (26,368 )
At 29 February 2024 -
Net book value
At 29 February 2024 -
At 28 February 2023 26,368

LB Passive Fire Limited (Registered number: 13217712)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2023 3,153 2,150 5,303
Additions 197 1,526 1,723
At 29 February 2024 3,350 3,676 7,026
Depreciation
At 1 March 2023 1,148 1,097 2,245
Charge for year 661 1,092 1,753
At 29 February 2024 1,809 2,189 3,998
Net book value
At 29 February 2024 1,541 1,487 3,028
At 28 February 2023 2,005 1,053 3,058

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 176,740 77,861
Other debtors 17,604 12,936
194,344 90,797

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 13,242 9,050
Trade creditors 156,472 124,526
Taxation and social security 25,792 20,587
Other creditors 14,218 50,836
209,724 204,999

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29/2/24 28/2/23
£    £   
Within one year 13,500 -