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REGISTERED NUMBER: 05045158 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Lp Networks Ltd

Lp Networks Ltd (Registered number: 05045158)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5


Lp Networks Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: L R D Pepper





SECRETARY: R D Pepper





REGISTERED OFFICE: 5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 05045158 (England and Wales)





ACCOUNTANTS: Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Lp Networks Ltd (Registered number: 05045158)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,742 7,325

CURRENT ASSETS
Debtors 5 151,539 161,429
Investments 6 30,000 -
Cash at bank 336,868 394,742
518,407 556,171
CREDITORS
Amounts falling due within one year 7 106,272 121,049
NET CURRENT ASSETS 412,135 435,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,877

442,447

PROVISIONS FOR LIABILITIES 1,506 1,392
NET ASSETS 417,371 441,055

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 417,271 440,955
SHAREHOLDERS' FUNDS 417,371 441,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Lp Networks Ltd (Registered number: 05045158)

Statement of Financial Position - continued
31 December 2024


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 director and authorised for issue on 30 May 2025 and were signed by:





L R D Pepper - Director


Lp Networks Ltd (Registered number: 05045158)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Lp Networks Ltd 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 from the rendering of services is recognised when the service is performed 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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

Plant and Machinery - 25 % Straight line

Fixtures and Fittings - 25% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lp Networks Ltd (Registered number: 05045158)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024 78,906 6,383 85,289
Additions 2,749 509 3,258
At 31 December 2024 81,655 6,892 88,547
DEPRECIATION
At 1 January 2024 71,581 6,383 77,964
Charge for year 3,714 127 3,841
At 31 December 2024 75,295 6,510 81,805
NET BOOK VALUE
At 31 December 2024 6,360 382 6,742
At 31 December 2023 7,325 - 7,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 140,740 148,778
Other debtors 10,799 12,651
151,539 161,429

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 30,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,520 49,237
Taxation and social security 52,651 54,585
Other creditors 15,101 17,227
106,272 121,049