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Company Registration No. 03681673 (England and Wales)
LPS (Exeter) Limited Unaudited accounts for the year ended 31 December 2024
LPS (Exeter) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LPS (Exeter) Limited Company Information for the year ended 31 December 2024
Director
Lawrence Edward Poole
Company Number
03681673 (England and Wales)
Registered Office
The Quarry Dunchideock Barton Dunchideock Exeter Devon EX2 9UA England
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LPS (Exeter) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
2,836,828 
Current assets
Debtors
5
25,488 
109,067 
Cash at bank and in hand
22,027 
60,745 
47,515 
169,812 
Creditors: amounts falling due within one year
6
(2,206,687)
(1,018,024)
Net current liabilities
(2,159,172)
(848,212)
Total assets less current liabilities
(2,159,172)
1,988,616 
Creditors: amounts falling due after more than one year
7
(8,885)
(1,862,893)
Net (liabilities)/assets
(2,168,057)
125,723 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(2,169,057)
124,723 
Shareholders' funds
(2,168,057)
125,723 
For the year ending 31 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 director acknowledges his 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 and authorised for issue on 31 October 2025 and were signed on its behalf by
Lawrence Edward Poole Director Company Registration No. 03681673
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LPS (Exeter) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
LPS (Exeter) Limited is a private company, limited by shares, registered in England and Wales, registration number 03681673. The registered office is The Quarry, Dunchideock Barton, Dunchideock, Exeter, Devon, EX2 9UA, England. The company is in the process of being wound up.
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 year, 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.
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:
Plant & machinery
20-25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
5,619,455 
Disposals
(5,619,455)
At 31 December 2024
- 
Depreciation
At 1 January 2024
2,782,627 
On disposals
(2,782,627)
At 31 December 2024
- 
Net book value
At 31 December 2024
- 
At 31 December 2023
2,836,828 
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LPS (Exeter) Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,488 
98,872 
Other debtors
- 
10,195 
25,488 
109,067 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
4,131 
22,037 
Obligations under finance leases and hire purchase contracts
17,533 
665,596 
Trade creditors
1,950,456 
26,099 
Other creditors
- 
116,776 
Loans from directors
224,567 
141,788 
Accruals
- 
35,728 
2,206,687 
1,018,024 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,885 
12,500 
Obligations under finance leases and hire purchase contracts
- 
1,850,393 
8,885 
1,862,893 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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