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
The Lads Pad Ltd
Company Information
for the year ended 30 April 2024
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
The Lads Pad Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
1,440
1,800
Cash at bank and in hand
15,416
16,692
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
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
The Lads Pad Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
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
At 30 April 2024
1,250
190
1,440
At 30 April 2023
1,560
240
1,800
Amounts falling due within one year
Accrued income and prepayments
2,056
2,056
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,987
3,595
Loans from directors
28
843
7
Deferred taxation
2024
2023
Accelerated capital allowances
274
342
Provision at start of year
342
262
(Credited)/charged to the profit and loss account
(68)
80
Provision at end of year
274
342
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
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).