LB PAYROLL LTD


Director	BERWICK, Elizabeth Ann Angus


Registered Address	34 Limepark Crescent
	Kelty
	KY4 0JZ


Registered Number	SC775441 (Scotland)

Balance Sheet as at
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		895		955
			895		955
Current assets
Debtors	4	4,907		6,119
Cash at bank and on hand		4,311		3,492
		9,218		9,611
Creditors amounts falling due within one year	5	(8,219)		(6,199)
Net current assets (liabilities)			999		3,412
Total assets less current liabilities			1,894		4,367
Net assets			1,894		4,367
Capital and reserves
Called up share capital			101		101
Profit and loss account			1,793		4,266
Shareholders' funds			1,894		4,367

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 20 August 2026, and are signed on its behalf by:

BERWICK, Elizabeth Ann Angus
Director
Registered Company No. SC775441

LB PAYROLL LTD

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

	Statutory information
	L B Payroll Limited is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

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

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Current taxation
	Taxation for the period 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.

Current taxation

Taxation for the period 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 period 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.

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 period 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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 August 25	1,936
	Additions	1,202
	Disposals	(637)
	At 31 July 26	2,501
	Depreciation and impairment
	At 01 August 25	981
	Charge for year	1,092
	On disposals	(467)
	At 31 July 26	1,606
	Net book value
	At 31 July 26	895
	At 31 July 25	955

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	4,264	3,809
Other debtors	-	1,143
Prepayments and accrued income	643	1,167
Total	4,907	6,119

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	2,608	2,248
Bank borrowings and overdrafts	28	592
Taxation and social security	5,255	3,108
Accrued liabilities and deferred income	328	251
Total	8,219	6,199

6.	Share capital
	The company’s share capital consists of Ordinary £1 shares and Class B shares. Ordinary shares carry full voting and dividend rights. Class B shares carry no voting rights and receive dividends at the discretion of the directors.

7.	Controlling party
	The controlling party is E A A A Berwick.