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REGISTERED NUMBER: 14844913 (England and Wales)















Unaudited Financial Statements

for the Period 3 May 2023 to 31 March 2024

for

LP SD Forty One Limited

LP SD Forty One Limited (Registered number: 14844913)

Contents of the Financial Statements
for the Period 3 May 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LP SD Forty One Limited

Company Information
for the Period 3 May 2023 to 31 March 2024







DIRECTORS: Mr Harpal Singh Bhandal
Mr Jayesh Bachubhai Patel
Mr Onkar Singh





REGISTERED OFFICE: 101 High Street
Moxley
Wednesbury
WS10 8RT





REGISTERED NUMBER: 14844913 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

LP SD Forty One Limited (Registered number: 14844913)

Balance Sheet
31 March 2024

Notes £   
FIXED ASSETS
Intangible assets 4 151,767

CURRENT ASSETS
Stocks 57,751
Debtors 5 146,225
Cash at bank and in hand 109,844
313,820
CREDITORS
Amounts falling due within one year 6 (475,843 )
NET CURRENT LIABILITIES (162,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,256

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (10,257 )
SHAREHOLDERS' FUNDS (10,256 )

LP SD Forty One Limited (Registered number: 14844913)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr Onkar Singh - Director


LP SD Forty One Limited (Registered number: 14844913)

Notes to the Financial Statements
for the Period 3 May 2023 to 31 March 2024


1. STATUTORY INFORMATION

LP SD Forty One 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.

2. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 .

LP SD Forty One Limited (Registered number: 14844913)

Notes to the Financial Statements - continued
for the Period 3 May 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 157,000
At 31 March 2024 157,000
AMORTISATION
Amortisation for period 5,233
At 31 March 2024 5,233
NET BOOK VALUE
At 31 March 2024 151,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 71,526
Other debtors 74,699
146,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 151,274
Taxation and social security 11,577
Other creditors 312,992
475,843

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other creditors are the balances due to the companies mentioned below:

ADM Healthcare Ltd ("ADM") £4,712 (2023 - NIL)

The above loan is interest free and repayable on demand.

Mrs Rajbir Kaur and Mr Harpal Singh Bhandal were the directors of ADM as at 31 March 2024.