2023-06-01 NI618415 2024-05-31 NI618415 2023-06-01 2024-05-31 NI618415 2023-05-31 NI618415 2022-06-01 2023-05-31 NI618415 uk-core:WithinOneYear 2023-05-31 NI618415 uk-core:WithinOneYear 2024-05-31 NI618415 uk-core:ShareCapital 2024-05-31 NI618415 uk-core:ShareCapital 2023-05-31 NI618415 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI618415 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI618415 uk-bus:Director1 2023-06-01 2024-05-31 NI618415 uk-core:PlantMachinery 2023-06-01 2024-05-31 NI618415 uk-core:ComputerEquipment 2023-06-01 2024-05-31 NI618415 uk-core:CommercialMotorVehicles 2023-06-01 2024-05-31 NI618415 uk-core:OfficeEquipment 2023-06-01 2024-05-31 NI618415 uk-core:ComputerEquipment 2023-05-31 NI618415 uk-core:OfficeEquipment 2023-05-31 NI618415 uk-core:CommercialMotorVehicles 2023-05-31 NI618415 uk-core:PlantMachinery 2023-05-31 NI618415 uk-core:CommercialMotorVehicles 2024-05-31 NI618415 uk-core:OfficeEquipment 2024-05-31 NI618415 uk-core:ComputerEquipment 2024-05-31 NI618415 uk-core:PlantMachinery 2024-05-31 iso4217:GBP xbrli:pure NI618415 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 NI618415 uk-bus:FRS102 2023-06-01 2024-05-31 NI618415 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 NI618415 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
LPG Refrigeration Services Limited
Registered Number:NI618415
For the year ended 31 May 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 May 2024
LPG Refrigeration Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI618415
As at 31 May 2024
LPG Refrigeration Services Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
26,329
32,912
2
26,329
32,912
Current assets
Inventories
55,554
42,437
3
Trade and other receivables
32,857
48,019
4
734
Cash and cash equivalents
287
90,743
89,145
Trade and other payables: amounts falling due within one
year
(84,776)
(82,707)
5
4,369
8,036
Net current assets
Total assets less current liabilities
34,365
37,281
34,365
Net assets
37,281
Capital and reserves
Called up share capital
100
100
Retained earnings
34,265
37,181
34,365
37,281
Shareholders' funds
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.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael McElmeel Director
These financial statements were approved and authorised for issue by the Board on 29 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
LPG Refrigeration Services Limited
Notes to the Financial Statements
Statutory Information
LPG Refrigeration Services Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI618415.
Registered address:
Unit 5 Bridge Business Park
Main Street
Blackwatertown
Armagh
BT71 7HJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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5
For the year ended 31 May 2024
LPG Refrigeration Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 June 2023
61,762
1,008
2,640
43,750
14,364
At 31 May 2024
43,750
2,640
1,008
61,762
14,364
Provision for depreciation and impairment
At 01 June 2023
28,850
440
2,410
14,812
11,188
Charge for year
6,583
114
46
5,788
635
At 31 May 2024
35,433
554
2,456
20,600
11,823
At 31 May 2024
Net book value
2,541
23,150
184
454
26,329
At 31 May 2023
3,176
28,938
230
568
32,912
3. Inventories
2023
2024
£
£
Stocks
42,437
55,554
4. Trade and other receivables
2023
2024
£
£
Trade debtors
48,019
32,857
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,440
627
Taxation and social security
925
1,592
Other creditors
79,342
82,557
82,707
84,776
6. Average number of persons employed
During the year the average number of employees was 2
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