Company Registration No. 04315433 (England and Wales)
LPC Medical (UK) Limited
Unaudited accounts
for the year ended 30 September 2024
LPC Medical (UK) Limited
Unaudited accounts
Contents
LPC Medical (UK) Limited
Company Information
for the year ended 30 September 2024
Directors
Amirali S Tejani
Karim S Tejani
Nazirali S Tejani
Salimbhai SD Tejani
Shirazali S Dharamshi
Satnam S Butter
Company Number
04315433 (England and Wales)
Registered Office
SNK Investments LLP
3 Nursery Court
Kibworth Business Park
Kibworth
Leics
LE8 0EX
United Kingdom
LPC Medical (UK) Limited
Statement of financial position
as at 30 September 2024
Intangible assets
37,742
55,082
Cash at bank and in hand
64,230
41,766
Creditors: amounts falling due within one year
(748,968)
(671,869)
Net current liabilities
(676,511)
(628,769)
Total assets less current liabilities
(638,769)
(573,687)
Creditors: amounts falling due after more than one year
(208,702)
(208,702)
Net liabilities
(847,471)
(782,389)
Called up share capital
1,000
1,000
Revaluation reserve
1,648,800
1,648,800
Profit and loss account
(2,497,271)
(2,432,189)
Shareholders' funds
(847,471)
(782,389)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by
Karim S Tejani
Director
Company Registration No. 04315433
LPC Medical (UK) Limited
Notes to the Accounts
for the year ended 30 September 2024
LPC Medical (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04315433. The registered office is SNK Investments LLP, 3 Nursery Court, Kibworth Business Park, Kibworth, Leics, LE8 0EX, United Kingdom.
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.
Intangible assets acquired separately from a business are recognised at cost and are subsequently measure at cost less accumulated amortisation and accumulated impairment losses
Amortisation is recognised so as to write off the costs of assets over their residual values over their useful lives on the following bases:
Patents & licences 5% straight line
Intellectual Property 10% straight line
Tangible fixed assets are initially measured at historical cost less accumulative depreciation and any accumulative impairment losses.
Depreciation is recognised to so as to write off the cost of assets , less estimated residual value, over its expected useful life, as follows:
Computer Equipment 33% straight line
The gain or loss arising on the disposal of an assets is determined as the difference comparing the sale proceeds and the carrying value of the asset , and is credited or charged to profit or loss.
Computer equipment
33% Straight Line
The financial statements have been prepared on the going concern basis, notwithstanding net liabilities as 30 September 2024 of £ 847,471 ( 2023 ; £ 782,889 ). The company is dependant for its working capital on funds provided to it by the Tejani Family. The Tejani Family have provided the company with an undertaking that, for at least 12 months from the date of approval of the Financial Statements ,it will continue to make available such funds as are needed by the company .This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.
LPC Medical (UK) Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Other
At 30 September 2024
458,283
Charge for the year
17,340
At 30 September 2024
420,541
At 30 September 2024
37,742
At 30 September 2023
55,082
5
Tangible fixed assets
Computer equipment
At 30 September 2024
2,222
At 30 September 2024
2,222
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
45,600
3,000
Amounts owed to group undertakings and other participating interests
595,924
595,924
Other creditors
37,418
2,418
LPC Medical (UK) Limited
Notes to the Accounts
for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
208,702
208,702
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).