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Company Registration No. 06945173 (England and Wales)
L2P Enterprise Limited Unaudited accounts for the period from 1 January 2024 to 22 December 2024
L2P Enterprise Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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L2P Enterprise Limited Company Information for the period from 1 January 2024 to 22 December 2024
Directors
Dr Anas Nader Gavin Anthony Peter Lyons
Company Number
06945173 (England and Wales)
Registered Office
78 York Street London W1H 1DP UK
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L2P Enterprise Limited Statement of financial position as at 22 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
46,950
72,824
Tangible assets
5
29,230
28,249
76,180
101,073
Current assets
Debtors
6
1,662,657
1,013,596
Cash at bank and in hand
286,033
320,252
1,948,690
1,333,848
Creditors: amounts falling due within one year
7
(2,578,381)
(1,560,875)
Net current liabilities
(629,691)
(227,027)
Total assets less current liabilities
(553,511)
(125,954)
Provisions for liabilities
Deferred tax
(1,494)
(1,494)
Net liabilities
(555,005)
(127,448)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(555,015)
(127,458)
Shareholders' funds
(555,005)
(127,448)
For the period ending 22 December 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 18 September 2025 and were signed on its behalf by
Dr Anas Nader Director Company Registration No. 06945173
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L2P Enterprise Limited Notes to the Accounts for the period from 1 January 2024 to 22 December 2024
1
Statutory information
L2P Enterprise Limited is a private company, limited by shares, registered in England and Wales, registration number 06945173. The registered office is 78 York Street, London, W1H 1DP, UK.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Reducing balance basis
Computer equipment
25% on Reducing balance basis
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
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L2P Enterprise Limited Notes to the Accounts for the period from 1 January 2024 to 22 December 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's intangible fixed assets and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 5) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
530,515
At 22 December 2024
530,515
Amortisation
At 1 January 2024
457,691
Charge for the period
25,874
At 22 December 2024
483,565
Net book value
At 22 December 2024
46,950
At 31 December 2023
72,824
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
27,238
38,958
66,196
Additions
6,752
4,016
10,768
At 22 December 2024
33,990
42,974
76,964
Depreciation
At 1 January 2024
5,529
32,418
37,947
Charge for the period
7,512
2,275
9,787
At 22 December 2024
13,041
34,693
47,734
Net book value
At 22 December 2024
20,949
8,281
29,230
At 31 December 2023
21,709
6,540
28,249
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L2P Enterprise Limited Notes to the Accounts for the period from 1 January 2024 to 22 December 2024
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
928,341
796,469
Accrued income and prepayments
732,021
215,427
Other debtors
2,295
1,700
1,662,657
1,013,596
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
97,049
238,053
Trade creditors
50,491
9,244
Taxes and social security
(116,095)
(136,237)
Other creditors
137,523
164,121
Accruals
32,832
-
Deferred income
2,376,581
1,285,694
2,578,381
1,560,875
8
Average number of employees
During the period the average number of employees was 34 (2023: 24).
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