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REGISTERED NUMBER: 07027527 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LPN LIMITED

LPN LIMITED (REGISTERED NUMBER: 07027527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LPN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Ms A H Don
Mrs J R M Turner
Mrs C H Jones





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 07027527 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

LPN LIMITED (REGISTERED NUMBER: 07027527)

BALANCE SHEET
29 FEBRUARY 2024

28.2.23 29.2.24
£    £    Notes £    £   
FIXED ASSETS
18,000 Intangible assets 4 12,000
5,604 Tangible assets 5 9,061
23,604 21,061

CURRENT ASSETS
9,500 Stocks 4,500
13,164 Debtors 6 5,083
52,949 Cash at bank and in hand 48,136
75,613 57,719
CREDITORS
67,782 Amounts falling due within one year 7 67,547
7,831 NET CURRENT (LIABILITIES)/ASSETS (9,828 )
31,435 TOTAL ASSETS LESS CURRENT
LIABILITIES

11,233

CREDITORS
(12,412 ) Amounts falling due after more than one
year

8

(6,778

)

(1,065 ) PROVISIONS FOR LIABILITIES (2,084 )
17,958 NET ASSETS 2,371

LPN LIMITED (REGISTERED NUMBER: 07027527)

BALANCE SHEET - continued
29 FEBRUARY 2024

28.2.23 29.2.24
£    £    Notes £    £   
CAPITAL AND RESERVES
100 Called up share capital 100
17,858 Retained earnings 2,271
17,958 SHAREHOLDERS' FUNDS 2,371

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 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 4 December 2024 and were signed on its behalf by:





Mrs J R M Turner - Director


LPN LIMITED (REGISTERED NUMBER: 07027527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

LPN 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. 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 represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor and deferred income balances.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciated is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% reducing balance
Computer equipment - 25% reducing balance

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

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


LPN LIMITED (REGISTERED NUMBER: 07027527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 60,000
AMORTISATION
At 1 March 2023 42,000
Charge for year 6,000
At 29 February 2024 48,000
NET BOOK VALUE
At 29 February 2024 12,000
At 28 February 2023 18,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
Totals machinery equipment
£    £    £   
COST
At 1 March 2023 25,707 22,860 2,847
Additions 6,002 2,106 3,896
At 29 February 2024 31,709 24,966 6,743
DEPRECIATION
At 1 March 2023 20,103 17,833 2,270
Charge for year 2,545 1,425 1,120
At 29 February 2024 22,648 19,258 3,390
NET BOOK VALUE
At 29 February 2024 9,061 5,708 3,353
At 28 February 2023 5,604 5,027 577

LPN LIMITED (REGISTERED NUMBER: 07027527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,098 4,805
Other debtors 3,985 8,359
5,083 13,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,242 7,062
Taxation and social security 22,488 33,491
Other creditors 39,817 27,229
67,547 67,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 6,778 12,412