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Registered Number: 09046807
England and Wales

 

 

 

LBEAR LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,404    3,005 
2,404    3,005 
Current assets      
Debtors 4 22,534    17,082 
Cash at bank and in hand 342    139 
22,876    17,221 
Creditors: amount falling due within one year 5 (11,259)   (8,463)
Net current assets 11,617    8,758 
 
Total assets less current liabilities 14,021    11,763 
Net assets 14,021    11,763 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 13,921    11,663 
Shareholders' funds 14,021    11,763 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf by:


-------------------------------
David Farrer
Director
1
General Information
Lbear Ltd is a private company, limited by shares, registered in England and Wales, registration number 09046807, registration address 45 Highlands Way, Stamford, Lincolnshire, PE9 2XH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 June 2023 5,825    1,200    7,025 
Additions    
Disposals    
At 31 May 2024 5,825    1,200    7,025 
Depreciation
At 01 June 2023 3,588    432    4,020 
Charge for year 447    154    601 
On disposals    
At 31 May 2024 4,035    586    4,621 
Net book values
Closing balance as at 31 May 2024 1,790    614    2,404 
Opening balance as at 01 June 2023 2,237    768    3,005 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 22,534    17,082 
22,534    17,082 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 10,350    7,553 
Other Creditors 909    910 
11,259    8,463 

2