Company Registration No. 09498601 (England and Wales)
LIPAME LTD
Filleted accounts
for the year ended 31 March 2021
LIPAME LTD
Filleted accounts
Contents
LIPAME LTD
Company Information
for the year ended 31 March 2021
Directors
Audrius Kavaliauskas
Vaidas Kavaliauskas
Company Number
09498601 (England and Wales)
Registered Office
2 BROCKLEY CRESCENT
IPSWICH
IP1 5HT
ENGLAND
Accountants
Klevas Consulting Ltd
OneSixSix
166 College Road
Harrow
Middlesex
HA1 1BH
LIPAME LTD
Statement of financial position
as at 31 March 2021
Tangible assets
24,278
6,400
Cash at bank and in hand
62,371
8,743
Creditors: amounts falling due within one year
(75,520)
(15,024)
Net current assets/(liabilities)
45,629
(5,534)
Total assets less current liabilities
69,907
866
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
100
100
Profit and loss account
19,807
766
Shareholders' funds
19,907
866
For the year ending 31 March 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2021 and were signed on its behalf by
Audrius Kavaliauskas
Director
Company Registration No. 09498601
LIPAME LTD
Notes to the Accounts
for the year ended 31 March 2021
LIPAME LTD is a private company, limited by shares, registered in England and Wales, registration number 09498601. The registered office is 2 BROCKLEY CRESCENT, IPSWICH, IP1 5HT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2020
1,250
12,100
13,350
Additions
2,416
17,995
20,411
At 31 March 2021
3,666
30,095
33,761
At 1 April 2020
250
6,700
6,950
Charge for the year
733
1,800
2,533
At 31 March 2021
983
8,500
9,483
At 31 March 2021
2,683
21,595
24,278
At 31 March 2020
1,000
5,400
6,400
5
Debtors: amounts falling due within one year
2021
2020
LIPAME LTD
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
42,343
26,739
Other creditors
3,442
4,766
Loans from directors
12,335
(16,481)
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 3 (2020: 2).
