LPO SOUTHERN TRADING LTD - Filleted accounts

Registered number

15958387

LPO SOUTHERN TRADING LTD

Filleted Accounts

30 September 2025

LPO SOUTHERN TRADING LTD
Registered number:		15958387
Balance Sheet
as at 30 September 2025

Notes			2025
£
Current assets
Stocks		142,670
Debtors	3	622
Cash at bank and in hand		4,408
		147,700

Creditors: amounts falling due within one year	4	(80,545)

Net current assets			67,155

Total assets less current liabilities			67,155

Creditors: amounts falling due after more than one year	5		(86,026)



Net liabilities			(18,871)

Capital and reserves
Called up share capital			2
Profit and loss account			(18,873)

Shareholders' funds			(18,871)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M E Barnes
Director
Approved by the board on 30 March 2026

LPO SOUTHERN TRADING LTD
Notes to the Accounts
for the period from 16 September 2024 to 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025
Number

	Average number of persons employed by the company	2


3	Debtors	2025
£

	Trade debtors	622


4	Creditors: amounts falling due within one year	2025
£

	Other creditors	80,545


5	Creditors: amounts falling due after one year	2025
£

	Bank loans	86,026


6	Loans	2025
£
	Creditors include:

	Secured bank loans	86,026

	The bank loan is secured by a mortgage debenture over the trading stock of the company.


7	Controlling party

	The company is under the joint control of L R Shuffleton and M E Barnes by virtue of their shareholdings in the company.


8	Other information

	LPO SOUTHERN TRADING LTD is a private company limited by shares and incorporated in England. Its registered office is:
	1st Floor
	119 High Street
	Selsey
	West Sussex
	PO20 0QB