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# LPC SUPPLIES LTD

## Company Registration Number:
10402512 (England and Wales)

## Unaudited statutory accounts for the year ended 30 November 2023

## Period of accounts

## Start date: 1 December 2022

## End date: 30 November 2023

# LPC SUPPLIES LTD

## Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# LPC SUPPLIES LTD

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Gary Simotich

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 April 2024

And signed on behalf of the board by:
Name: Gary Simotich
Status: Director

# LPC SUPPLIES LTD

## Profit And Loss Account

for the Period Ended 30 November 2023

| 2023 | 2022
--- | --- | ---
| £ | £
Turnover: | 6,538,193 | 4,739,201
Cost of sales: | ( 4,315,273 ) | ( 3,175,264 )
Gross profit(or loss): | 2,222,920 | 1,563,937
Distribution costs: | ( 414,218 ) | ( 327,395 )
Administrative expenses: | ( 1,420,375 ) | ( 870,739 )
Operating profit(or loss): | 388,327 | 365,803
Profit(or loss) before tax: | 388,327 | 365,803
Tax: | ( 73,801 ) | ( 69,502 )
Profit(or loss) for the financial year: | 314,526 | 296,301

# LPC SUPPLIES LTD

## Balance sheet

As at 30 November 2023

| Notes | 2023 | 2022
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 251,003 | 134,818
Total fixed assets: |  | 251,003 | 134,818
Current assets
Stocks: | 4 | 287,161 | 183,621
Debtors: | 5 | 262,411 | 193,083
Cash at bank and in hand: |  | 87,283 | 81,919
Total current assets: |  | 636,855 | 458,623
Creditors: amounts falling due within one year: | 6 | ( 93,728 ) | ( 101,837 )
Net current assets (liabilities): |  | 543,127 | 356,786
Total assets less current liabilities: |  | 794,130 | 491,604
Creditors: amounts falling due after more than one year: | 7 | ( 14,000 ) | ( 26,000 )
Total net assets (liabilities): |  | 780,130 | 465,604
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | 780,030 | 465,504
Total Shareholders' funds: |  | 780,130 | 465,604

The notes form part of these financial statements

# LPC SUPPLIES LTD

## Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 8 April 2024
and signed on behalf of the board by:

Name: Gary Simotich
Status: Director

The notes form part of these financial statements

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of Vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Plant and Equipment 10% Furniture and Fittings 15% Motor Vehicles 20% Office Equipment 20% Land and Buildings 0%

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

- ## 2. Employees

  | 2023 | 2022
  --- | --- | ---
  Average number of employees during the period | 15 | 12

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 December 2022 |  |  | 8,960 | 20,701 | 121,217 | 150,878
Additions |  |  | 15,869 | 18,172 | 126,981 | 161,022
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 November 2023 |  |  | 24,829 | 38,873 | 248,198 | 311,900
Depreciation |  |  |  |  |  |
At 1 December 2022 |  |  | 0 | 2,466 | 13,594 | 16,060
Charge for year |  |  | 2,482 | 5,435 | 36,920 | 44,837
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 November 2023 |  |  | 2,482 | 7,901 | 50,514 | 60,897
Net book value |  |  |  |  |  |
At 30 November 2023 |  |  | 22,347 | 30,972 | 197,684 | 251,003
At 30 November 2022 |  |  | 8,960 | 18,235 | 107,623 | 134,818

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

## 4. Stocks

| 2023 | 2022
--- | --- | ---
| £ | £
Stocks | 287,161 | 183,621
Total | 287,161 | 183,621

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

## 5. Debtors

| 2023 | 2022
--- | --- | ---
| £ | £
Trade debtors | 262,411 | 193,083
Total | 262,411 | 193,083

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

## 6. Creditors: amounts falling due within one year note

| 2023 | 2022
--- | --- | ---
| £ | £
Trade creditors | 67,339 | 68,964
Taxation and social security | 26,389 | 32,873
Total | 93,728 | 101,837

# LPC SUPPLIES LTD

## Notes to the Financial Statements

for the Period Ended 30 November 2023

## 7. Creditors: amounts falling due after more than one year note

| 2023 | 2022
--- | --- | ---
| £ | £
Bank loans and overdrafts | 14,000 | 26,000
Total | 14,000 | 26,000