REGISTERED NUMBER: 09474485 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

L.P. MCGINN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

L P McGinn

Registered office:

103 Fermain Court

West De Beauvoir Road

London

N1 5TB

Registered number:

09474485 (England and Wales)

Accountants:

Haines Watts Leicester Limited

20 Allandale Road

Stoneygate

Leicester

LE2 2DA

Fixed assets

Tangible assets

4

2,093

2,647

Current assets

Debtors

5

8,585

65,937

Cash at bank

377,948

396,020

386,533

461,957

Creditors

Amounts falling due within one year

6

(273,054

)

(334,685

)

Net current assets

113,479

127,272

Total assets less current liabilities

115,572

129,919

Accruals and deferred income

(8,850

)

(5,850

)

Net assets

106,722

124,069

Capital and reserves

Called up share capital

1

1

Retained earnings

106,721

124,068

106,722

124,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 July 2026 and were signed by:

L P McGinn - Director

1.	STATUTORY INFORMATION

L.P. McGinn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 20% on reducing balance

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.

Deferred tax

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

7,139

2,150

10,516

19,805

Depreciation

At 1 April 2024

6,276

1,764

9,118

17,158

Charge for year

216

58

280

554

At 31 March 2025

6,492

1,822

9,398

17,712

Net book value

At 31 March 2025

647

328

1,118

2,093

At 31 March 2024

863

386

1,398

2,647

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

57,352

Other debtors

8,585

8,585

8,585

65,937

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

401

12,500

Taxation and social security

9,539

-

Other creditors

263,114

322,185

273,054

334,685