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Company Registration No. 06571321 (England and Wales)
The Lads Pad Ltd Unaudited accounts for the year ended 30 April 2024
The Lads Pad Ltd Unaudited accounts Contents
Page
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The Lads Pad Ltd Company Information for the year ended 30 April 2024
Director
Ben Gibson
Company Number
06571321 (England and Wales)
Registered Office
42 Trinity Street Hanley Stoke-on-Trent Staffordshire ST1 6LJ England
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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The Lads Pad Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,440 
1,800 
Current assets
Inventories
250 
360 
Debtors
2,056 
2,056 
Cash at bank and in hand
15,416 
16,692 
17,722 
19,108 
Creditors: amounts falling due within one year
(4,295)
(5,195)
Net current assets
13,427 
13,913 
Total assets less current liabilities
14,867 
15,713 
Provisions for liabilities
Deferred tax
(274)
(342)
Net assets
14,593 
15,371 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
14,492 
15,270 
Shareholders' funds
14,593 
15,371 
For the year ending 30 April 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 27 January 2025 and were signed on its behalf by
Ben Gibson Director Company Registration No. 06571321
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The Lads Pad Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
The Lads Pad Ltd is a private company, limited by shares, registered in England and Wales, registration number 06571321. The registered office is 42 Trinity Street, Hanley, Stoke-on-Trent, Staffordshire, ST1 6LJ, 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 remained unchanged from the previous year, and also 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 represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers. The company was not registered for VAT during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method.
Fixtures & fittings
20% reducing balance method.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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The Lads Pad Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
7,449 
3,820 
11,269 
At 30 April 2024
7,449 
3,820 
11,269 
Depreciation
At 1 May 2023
5,889 
3,580 
9,469 
Charge for the year
310 
50 
360 
At 30 April 2024
6,199 
3,630 
9,829 
Net book value
At 30 April 2024
1,250 
190 
1,440 
At 30 April 2023
1,560 
240 
1,800 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,056 
2,056 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
655 
202 
Taxes and social security
2,987 
3,595 
Loans from directors
28 
843 
Accruals
625 
555 
4,295 
5,195 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
274 
342 
2024 
2023 
£ 
£ 
Provision at start of year
342 
262 
(Credited)/charged to the profit and loss account
(68)
80 
Provision at end of year
274 
342 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101 
101 
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The Lads Pad Ltd Notes to the Accounts for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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