LP Media Limited - Accounts to registrar (filleted) - small 18.1

LP Media Limited - Accounts to registrar (filleted) - small 18.1

LOTUS PUBLISHING LIMITED - Company Information

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REGISTERED NUMBER: 04893400 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2017

FOR

LP MEDIA LIMITED
LP MEDIA LIMITED (REGISTERED NUMBER: 04893400)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LP MEDIA LIMITED

COMPANY INFORMATION
For The Year Ended 30th September 2017







DIRECTOR: J C Hutchings





SECRETARY: J C Hutchings





REGISTERED OFFICE: 76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE





REGISTERED NUMBER: 04893400 (England and Wales)





ACCOUNTANTS: Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE
Page 1
LP MEDIA LIMITED (REGISTERED NUMBER: 04893400)

BALANCE SHEET
30th September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 915 1,241

CURRENT ASSETS
Stocks 127,901 93,832
Debtors 5 380,831 232,994
Cash at bank 84,376 98,100
593,108 424,926
CREDITORS
Amounts falling due within one year 6 162,087 151,922
NET CURRENT ASSETS 431,021 273,004
TOTAL ASSETS LESS CURRENT
LIABILITIES
431,936
274,245

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 431,836 274,145
SHAREHOLDERS' FUNDS 431,936 274,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8th May 2018 and were signed by:





J C Hutchings - Director


The notes form part of these financial statements

Page 2
LP MEDIA LIMITED (REGISTERED NUMBER: 04893400)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th September 2017

1. STATUTORY INFORMATION

LP Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net amounts receivable for goods and services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
LP MEDIA LIMITED (REGISTERED NUMBER: 04893400)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th September 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2016 11,186
Additions 990
At 30th September 2017 12,176
DEPRECIATION
At 1st October 2016 9,945
Charge for year 1,316
At 30th September 2017 11,261
NET BOOK VALUE
At 30th September 2017 915
At 30th September 2016 1,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors 243,529 182,272
Other debtors 137,302 50,722
380,831 232,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors 59,082 55,562
Taxation and social security 54,430 49,427
Other creditors 48,575 46,933
162,087 151,922

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2017 and
30th September 2016:

30.9.17 30.9.16
£    £   
J C Hutchings
Balance outstanding at start of year 41,498 12,021
Amounts advanced 118,508 29,477
Amounts repaid (41,498 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,508 41,498

Page 4