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REGISTERED NUMBER: 11520176 (England and Wales)















LPG CLINICS WHOLESALE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

LPG CLINICS WHOLESALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: L P Gill





SECRETARY:





REGISTERED OFFICE: 2 Abbey Road
Shepley
Huddersfield
HD8 8EL





REGISTERED NUMBER: 11520176 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,713 69,388

CURRENT ASSETS
Inventories 5 240,000 343,805
Debtors 6 182,908 71,726
Cash at bank and in hand 307,496 100,918
730,404 516,449
CREDITORS
Amounts falling due within one year 7 341,764 318,999
NET CURRENT ASSETS 388,640 197,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,353

266,838

CREDITORS
Amounts falling due after more than one
year

8

13,330

88,888
NET ASSETS 390,023 177,950

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 390,022 177,949
SHAREHOLDERS' FUNDS 390,023 177,950

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

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

LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 17 October 2024 and were signed by:





L P Gill - Director


LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

LPG Clinics Wholesale 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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.
Improvements to property - 10% on cost
Computer Equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Motor Computer
property Vehicles Equipment Totals
£    £    £    £   
COST
At 1 September 2023 4,325 102,589 16,033 122,947
Additions 5,982 - 4,025 10,007
Disposals - (102,589 ) - (102,589 )
At 31 August 2024 10,307 - 20,058 30,365
DEPRECIATION
At 1 September 2023 865 44,883 7,811 53,559
Charge for year 903 - 6,073 6,976
Eliminated on disposal - (44,883 ) - (44,883 )
At 31 August 2024 1,768 - 13,884 15,652
NET BOOK VALUE
At 31 August 2024 8,539 - 6,174 14,713
At 31 August 2023 3,460 57,706 8,222 69,388

5. INVENTORIES
2024 2023
£    £   
Stocks 240,000 343,805

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,110 44,060
Other debtors 108,798 27,666
182,908 71,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 9,089
Hire purchase contracts - 13,935
Taxation and social security 243,924 168,497
Other creditors 87,840 127,478
341,764 318,999

LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 13,330 24,244
Hire purchase contracts - 64,644
13,330 88,888

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank Loan 10,000 9,089

Amounts falling due between one and two years:
Bank Loans - 1-2 Years 10,000 9,089

Amounts falling due between two and five years:
Bank Loans - 2-5 Years 3,330 15,155

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
L P Gill
Balance outstanding at start of year 15,575 -
Amounts advanced 4,629 15,575
Amounts repaid (15,575 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,629 15,575

LPG CLINICS WHOLESALE LTD (REGISTERED NUMBER: 11520176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

12. RELATED PARTY DISCLOSURES

During the year the company loaned £336 (2023: £Nil) to Skin Suite Aesthetics & Training Ltd, a company controlled by L Gill. At the year end £336 (2023: £Nil) was outstanding.

During the year the company loaned £90,500 (2023: £Nil) to LPG Property Construction Ltd, a company controlled by L Gill. At the year end £90,500 (2023: £Nil) was outstanding.

During the year the company loaned £10,000 (2023: £Nil) to LMBJ Limited, a company controlled by L Gill & two other shareholders. At the year end £10,000 (2023: £Nil) was outstanding.

During the year the company loaned £1,000 (2023: £Nil) to Exoblanc UK Ltd, a company controlled by L Gill and one other shareholder. At the year end £1,000 (2023: £Nil) was outstanding.

LPG CLINICS WHOLESALE LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
LPG CLINICS WHOLESALE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


17 October 2024