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REGISTERED NUMBER: 07032751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LBS 3 LIMITED

LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LBS 3 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A Lewis
I M E Lewis





REGISTERED OFFICE: Sunnymead
Bromsgrove Road, Holy Cross
Clent
Stourbridge
West Midlands
DY9 9RH





REGISTERED NUMBER: 07032751 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 662,911 588,322

CURRENT ASSETS
Debtors 5 80,776 72,169
Cash at bank 526,598 574,282
607,374 646,451
CREDITORS
Amounts falling due within one year 6 59,056 120,654
NET CURRENT ASSETS 548,318 525,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,211,229

1,114,119

CREDITORS
Amounts falling due after more than
one year

7

-

(5,840

)

PROVISIONS FOR LIABILITIES (54,312 ) (36,615 )
NET ASSETS 1,156,917 1,071,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,156,817 1,071,564
SHAREHOLDERS' FUNDS 1,156,917 1,071,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




A Lewis - Director



I M E Lewis - Director


LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

LBS 3 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land & property - 0% on cost
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Improvements
land & to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 430,061 75,046 672,947
Additions - - 56,125
Disposals - - (11,500 )
At 30 April 2024 430,061 75,046 717,572
DEPRECIATION
At 1 May 2023 - 70,910 567,702
Charge for year - 437 25,397
Eliminated on disposal - - (11,500 )
At 30 April 2024 - 71,347 581,599
NET BOOK VALUE
At 30 April 2024 430,061 3,699 135,973
At 30 April 2023 430,061 4,136 105,245

LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 23,310 63,375 855 1,265,594
Additions - 53,315 - 109,440
Disposals - - - (11,500 )
At 30 April 2024 23,310 116,690 855 1,363,534
DEPRECIATION
At 1 May 2023 21,450 16,676 534 677,272
Charge for year 743 8,115 159 34,851
Eliminated on disposal - - - (11,500 )
At 30 April 2024 22,193 24,791 693 700,623
NET BOOK VALUE
At 30 April 2024 1,117 91,899 162 662,911
At 30 April 2023 1,860 46,699 321 588,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 76,224 64,857
Prepayments 4,552 7,312
80,776 72,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans - 12,056
Trade creditors 12,091 10,026
Corporation tax 23,172 64,683
Social security and other taxes 4,078 4,325
VAT 11,317 21,746
Other creditors 1,555 1,600
Directors' loan accounts 1,070 970
Accrued expenses 5,773 5,248
59,056 120,654

LBS 3 LIMITED (REGISTERED NUMBER: 07032751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 5,840

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 17,896

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,474 (2023: £3,376). There was £559 (2023: £608) outstanding to the fund at the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Lewis, and family who hold all the shares.