Lip Service Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04201393

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	9,916		-
Cash at bank and in hand		13,785		3,634

		23,701		3,634
Creditors: Amounts Falling Due Within One Year	5	(22,696 )		(1,823 )

NET CURRENT ASSETS (LIABILITIES)			1,005		1,811

TOTAL ASSETS LESS CURRENT LIABILITIES			1,005		1,811

NET ASSETS			1,005		1,811

Income and Expenditure Account			1,005		1,811

MEMBERS' FUNDS			1,005		1,811

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Lip Service Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Susan Ryding

Director

29/07/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lip Service Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04201393 . The registered office is 116 Longford Road, Chorlton, Manchester, M21 9NP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 theatre production.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Corporation tax represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year, and repayments due from theatre tax credit.

2.4. Government Grant

Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.

All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Lip Service Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,486	-
Other debtors	6,430	-

	9,916	-

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,687	-
Bank loans and overdrafts	-	1,823
Other creditors	20,009	-

	22,696	1,823

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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