IRIS Accounts Production v24.3.2.46 09217351 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092173512023-09-30092173512024-09-30092173512023-10-012024-09-30092173512022-09-30092173512022-10-012023-09-30092173512023-09-3009217351ns15:EnglandWales2023-10-012024-09-3009217351ns14:PoundSterling2023-10-012024-09-3009217351ns10:Director12023-10-012024-09-3009217351ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009217351ns10:SmallEntities2023-10-012024-09-3009217351ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009217351ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009217351ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009217351ns10:FullAccounts2023-10-012024-09-3009217351ns5:CurrentFinancialInstruments2024-09-3009217351ns5:CurrentFinancialInstruments2023-09-3009217351ns5:ShareCapital2024-09-3009217351ns5:ShareCapital2023-09-3009217351ns5:RetainedEarningsAccumulatedLosses2024-09-3009217351ns5:RetainedEarningsAccumulatedLosses2023-09-3009217351ns10:RegisteredOffice2023-10-012024-09-3009217351ns5:PlantMachinery2023-09-3009217351ns5:PlantMachinery2023-10-012024-09-3009217351ns5:PlantMachinery2024-09-3009217351ns5:PlantMachinery2023-09-3009217351ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009217351ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 09217351 (England and Wales)
























LP FIRE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






LP FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 09217351)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


LP FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 09217351)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,554 2,126

CURRENT ASSETS
Debtors 5 650 3,200
Cash at bank 122,929 103,021
123,579 106,221
CREDITORS
Amounts falling due within one year 6 8,102 11,462
NET CURRENT ASSETS 115,477 94,759
TOTAL ASSETS LESS CURRENT LIABILITIES 118,031 96,885

PROVISIONS FOR LIABILITIES 638 532
NET ASSETS 117,393 96,353

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,293 96,253
SHAREHOLDERS' FUNDS 117,393 96,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:




L J Phillpotts - Director


LP FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 09217351)

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


1. STATUTORY INFORMATION

LP Fire Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09217351

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery 20% reducing balance

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LP FIRE SOLUTIONS LIMITED (REGISTERED NUMBER: 09217351)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 4,117
Additions 1,066
At 30 September 2024 5,183
DEPRECIATION
At 1 October 2023 1,991
Charge for year 638
At 30 September 2024 2,629
NET BOOK VALUE
At 30 September 2024 2,554
At 30 September 2023 2,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 650 3,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 5,102 4,601
Other creditors 3,000 6,860
8,102 11,462

7. RELATED PARTY DISCLOSURES

During the year, L Phillpotts (Director) loaned the company money with no set repayment date. At the year end the amount due from the company to the director was £2,314 (2023:£6,206).

Also during the year, L Phillpotts and his wife, C Phillpotts received dividends from the company in accordance with their shareholding of £1,000 (2023:£2,000).

8. CONTROLLING PARTY

During the year the company was controlled equally by the director, Lee Phillpotts, and Claire Phillpotts, each holding 50% of the issued ordinary share capital.