REGISTERED NUMBER: 08030901 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LEADING PRODUCTION EQUIPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C D Sharkey

Mr C Todd

REGISTERED OFFICE:

Units A & B

Mill Lane Industrial Park

Beverley

HU17 9DH

REGISTERED NUMBER:

08030901 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

91,365

173,678

CURRENT ASSETS

Stocks

232,293

190,033

Debtors

5

312,612

303,902

Cash at bank

32,853

192,655

577,758

686,590

CREDITORS

Amounts falling due within one year

6

242,459

299,759

NET CURRENT ASSETS

335,299

386,831

TOTAL ASSETS LESS CURRENT LIABILITIES

426,664

560,509

CREDITORS

Amounts falling due after more than one year

7

(43,632

)

(107,386

)

PROVISIONS FOR LIABILITIES

(55,868

)

(35,750

)

NET ASSETS

327,164

417,373

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

327,064

417,273

SHAREHOLDERS' FUNDS

327,164

417,373

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr C D Sharkey - Director

1.	STATUTORY INFORMATION

LPE Tooling Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at Units A & B, Mill Lane Industrial Park, Beverley, England, HU17 9DH.

The principal activity of the company is that of an sale of machine tools.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant and machinery etc - 20% on a reducing balance basis and 25% reducing balance basis

Stocks

Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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 balance sheet date.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

189,438

Additions

13,170

Disposals

(82,489

)

At 31 December 2024

120,119

DEPRECIATION

At 1 January 2024

15,760

Charge for year

34,991

Eliminated on disposal

(21,997

)

At 31 December 2024

28,754

NET BOOK VALUE

At 31 December 2024

91,365

At 31 December 2023

173,678

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

182,599

Disposals

(82,489

)

At 31 December 2024

100,110

DEPRECIATION

At 1 January 2024

12,999

Charge for year

33,920

Eliminated on disposal

(21,997

)

At 31 December 2024

24,922

NET BOOK VALUE

At 31 December 2024

75,188

At 31 December 2023

169,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

102,328

81,462

Amounts owed by associates

201,869

215,019

Other debtors

8,415

7,421

312,612

303,902

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

14,046

27,471

Trade creditors

71,409

29,314

Amounts owed to group undertakings

57,082

9,044

Amounts owed to associates

5,710

-

Taxation and social security

48,695

41,517

Other creditors

45,517

192,413

242,459

299,759

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

43,632

107,386

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

14,046

27,471

Between one and five years

43,632

107,386

57,678

134,857

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

8,551

Between one and five years

-

7,126

-

15,677

9.	RELATED PARTY DISCLOSURES

During the year the company paid management charges to its parent company LPE Group Limited amounting to £88,113 (2023: £91,350).

At the balance sheet date the company owed to its parent company LPE Group Limited £57,082 (2023: £9,044).

At the balance sheet date the company was owed from its associated companies Laser Products Europe Limited £201,869 (2023: £1,890), Porschesport Directory Limited £NIL (2023: £1,009), owed to Omni Cubed Europe Limited £5,710 (2023: £3,554 owed from) and Shark eBikes Ltd £NIL (2023: £208,566).

The loans are free from interest and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is LPE Group Holdings Limited (company number 12221315). Their registered office is at Top Site, Crosse Hall Street, Chorley, Lancashire, United Kingdom, PR6 0UH. The parent company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.