LPD North East Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12323050

LPD NORTH EAST LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 November 2025

LPD NORTH EAST LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30th NOVEMBER 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

LPD NORTH EAST LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		5,354		7,938

CURRENT ASSETS

Debtors	6	36,613	30,058
Cash at bank and in hand		73,181	86,591
		----------	----------
		109,794	116,649

CREDITORS: amounts falling due within one year	7	48,505		47,768
		----------		----------
NET CURRENT ASSETS			61,289		68,881
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			66,643		76,819

CREDITORS: amounts falling due after more than one year	8	597	2,030
		---------	---------
NET ASSETS		66,046	74,789
		---------	---------

CAPITAL AND RESERVES

Called up share capital	9	100	100
Profit and loss account		65,946	74,689
		---------	---------
SHAREHOLDERS FUNDS		66,046	74,789
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LPD NORTH EAST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 19 June 2026 , and are signed on behalf of the board by:

Mrs L. Stewart
Director

Company registration number: 12323050

LPD NORTH EAST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30th NOVEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Equipment	-	25% straight line
Motor Vehicles	-	25% straight line
Computer Equipment	-	33% straight line

Hire purchase contracts

Assets held under hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum hire purchase payments, which is determined at the inception of the hire purchase term. Any initial direct costs of the hire purchase are added to the amount recognised as an asset. Hire purchase payments are apportioned between the finance charges and reduction of the outstanding hire purchase liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. TANGIBLE ASSETS

	Plant and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1st December 2024 and 30th November 2025	2,042	8,299	800	11,141
	-------	-------	----	---------
Depreciation
At 1st December 2024	1,020	1,383	800	3,203
Charge for the year	509	2,075	–	2,584
	-------	-------	----	---------
At 30th November 2025	1,529	3,458	800	5,787
	-------	-------	----	---------
Carrying amount
At 30th November 2025	513	4,841	–	5,354
	-------	-------	----	---------
At 30th November 2024	1,022	6,916	–	7,938
	-------	-------	----	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 30th November 2025	4,841
	-------
At 30th November 2024	6,916
	-------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	33,261	28,558
Prepayments	1,933	500
Other debtors	1,419	1,000
	---------	---------
	36,613	30,058
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	15,294	12,930
Accruals	14,572	14,506
Corporation tax	9,745	11,471
Social security and other taxes	982	1,067
Obligations under finance leases and hire purchase contracts	1,433	1,433
Director loan accounts	6,017	6,041
Other creditors	462	320
	---------	---------
	48,505	47,768
	---------	---------

The hire purchase contract, included within creditors: amounts falling due within one year, is secured against the asset that is funded in this way.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	597	2,030
	----	-------

The hire purchase contract, included within creditors: amounts falling due after more than one year, is secured against the asset that is funded in this way.

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.