LP Construction (London) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04544733 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

LP CONSTRUCTION (LONDON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

J P Lodge Patch

M I Lodge Patch

J H Lodge Patch

Miss K E Milnes

SECRETARY:

Mrs D M Lodge Patch

REGISTERED OFFICE:

75 Park Lane

Croydon

Surrey

CR9 1XS

REGISTERED NUMBER:

04544733 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

FIXED ASSETS

Tangible assets

2

23,970

13,124

CURRENT ASSETS

Debtors

103,989

137,220

Cash at bank and in hand

1,131

9,439

105,120

146,659

CREDITORS

Amounts falling due within one year

3

166,959

201,173

NET CURRENT LIABILITIES

(61,839

)

(54,514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,869

)

(41,390

)

CREDITORS

Amounts falling due after more than one year

3

25,783

20,324

NET LIABILITIES

(63,652

)

(61,714

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(63,654

)

(61,716

)

SHAREHOLDERS' FUNDS

(63,652

)

(61,714

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 June 2015 and were signed on its behalf by:

M I Lodge Patch - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

50,179

Additions

19,474

Disposals

(18,497

)

At 30 September 2014

51,156

DEPRECIATION

At 1 October 2013

37,055

Charge for year

8,628

Eliminated on disposal

(18,497

)

At 30 September 2014

27,186

NET BOOK VALUE

At 30 September 2014

23,970

At 30 September 2013

13,124

3.

CREDITORS

Creditors include an amount of £ 22,551 (2013 - £ 27,390 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2014 and

30 September 2013:

2014

2013

£

£

J P Lodge Patch

Balance outstanding at start of year

-

-

Amounts advanced

500

-

Amounts repaid

-

-

Balance outstanding at end of year

500

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of LP Construction (London) Limited for the year ended 30 September 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of LP Construction (London) Limited, as a body, in accordance with the terms of our engagement letter dated 3 June 2014. Our work has been undertaken solely to prepare for your approval the financial statements of LP Construction (London) Limited and state those matters that we have agreed to state to the Board of Directors of LP Construction (London) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LP Construction (London) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LP Construction (London) Limited. You consider that LP Construction (London) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LP Construction (London)

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

16 June 2015