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REGISTERED NUMBER: 04730565 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Les Paul's Motors Limited

Les Paul's Motors Limited (Registered number: 04730565)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Les Paul's Motors Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: LG Fogg
KP Gallagher





SECRETARY: LG Fogg





REGISTERED OFFICE: Unit 7
Anderson Road Industrial Estate
Woodford Green
Essex
IG8 8ET





REGISTERED NUMBER: 04730565 (England and Wales)





ACCOUNTANTS: Lawrence & Company
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

Les Paul's Motors Limited (Registered number: 04730565)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 4 - 6,072
Cash at bank and in hand - 13,774
- 19,846
CREDITORS
Amounts falling due within one year 5 35,445 55,291
NET CURRENT LIABILITIES (35,445 ) (35,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,445

)

(35,445

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 (35,545 ) (35,545 )
SHAREHOLDERS' FUNDS (35,445 ) (35,445 )

The company is entitled to exemption from audit under Section 480 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 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.

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 25 February 2025 and were signed on its behalf by:




LG Fogg - Director



KP Gallagher - Director


Les Paul's Motors Limited (Registered number: 04730565)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax - 6,072

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' loan accounts 35,445 54,211
Accrued expenses - 1,080
35,445 55,291

6. RESERVES
Retained
earnings
£   

At 1 October 2023 (35,545 )
Profit for the year -
At 30 September 2024 (35,545 )

Les Paul's Motors Limited (Registered number: 04730565)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
LG Fogg
Balance outstanding at start of year (26,314 ) (26,162 )
Amounts advanced - (152 )
Amounts repaid 8,591 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,723 ) (26,314 )

KP Gallagher
Balance outstanding at start of year (27,897 ) (27,897 )
Amounts repaid 10,175 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,722 ) (27,897 )

8. RELATED PARTY DISCLOSURES

The ultimate controlling parties are the two directors, LG Fogg, and KP Gallagher who along with close family members own 100% of the share capital between them.