18 September 2023 false No description of principal activity Taxfiler 2024.6 15145625business:PrivateLimitedCompanyLtd2023-09-182024-09-30 151456252023-09-17 151456252023-09-182024-09-30 15145625business:AuditExemptWithAccountantsReport2023-09-182024-09-30 15145625business:FilletedAccounts2023-09-182024-09-30 151456252024-09-30 15145625business:Director12023-09-182024-09-30 15145625business:RegisteredOffice2023-09-182024-09-30 15145625core:WithinOneYear2024-09-30 15145625core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 15145625core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 15145625core:PreviouslyStatedAmount2024-09-30 15145625business:SmallEntities2023-09-182024-09-30 15145625countries:EnglandWales2023-09-182024-09-30 15145625core:ComputerEquipment2023-09-182024-09-30 15145625core:ComputerEquipment2023-09-17 15145625core:ComputerEquipment2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. 15145625 (England and Wales)
Lp Composites Ltd Unaudited accounts for the period from 18 September 2023 to 30 September 2024
Lp Composites Ltd Unaudited accounts Contents
Page
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Lp Composites Ltd Company Information for the period from 18 September 2023 to 30 September 2024
Director
Lincoln Pepall
Company Number
15145625 (England and Wales)
Registered Office
18 Braemar Close Gosport PO13 0YE England
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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Lp Composites Ltd Statement of financial position as at 30 September 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,049 
Current assets
Cash at bank and in hand
10,402 
Creditors: amounts falling due within one year
(6,074)
Net current assets
4,328 
Net assets
5,377 
Capital and reserves
Called up share capital
1 
Profit and loss account
5,376 
Shareholders' funds
5,377 
For the period ending 30 September 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 26 November 2024 and were signed on its behalf by
Lincoln Pepall Director Company Registration No. 15145625
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Lp Composites Ltd Notes to the Accounts for the period from 18 September 2023 to 30 September 2024
1
Statutory information
Lp Composites Ltd is a private company, limited by shares, registered in England and Wales, registration number 15145625. The registered office is 18 Braemar Close, Gosport, PO13 0YE, England.
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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
33.33% Reducing Balance Method
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 18 September 2023
- 
Additions
1,218 
At 30 September 2024
1,218 
Depreciation
Charge for the period
169 
At 30 September 2024
169 
Net book value
At 30 September 2024
1,049 
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Lp Composites Ltd Notes to the Accounts for the period from 18 September 2023 to 30 September 2024
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
1,292 
Taxes and social security
3,666 
Loans from directors
14 
Accruals
1,102 
6,074 
6
Average number of employees
During the period the average number of employees was 1.
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