LBHGEO LTD.

Company Registration Number:
04922494 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

LBHGEO LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

LBHGEO LTD.

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 20,000 30,000
Tangible assets: 4 678 0
Total fixed assets: 20,678 30,000
Current assets
Debtors: 5 60,384 115,427
Cash at bank and in hand: 0 18,615
Total current assets: 60,384 134,042
Creditors: amounts falling due within one year:   (80,905) (78,167)
Net current assets (liabilities): (20,521) 55,875
Total assets less current liabilities: 157 85,875
Provision for liabilities: (129)
Total net assets (liabilities): 28 85,875
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (72) 85,775
Shareholders funds: 28 85,875

The notes form part of these financial statements

LBHGEO LTD.

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 21 September 2023
and signed on behalf of the board by:

Name: S R Lefroy-Brooks
Status: Director

The notes form part of these financial statements

LBHGEO LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimateduseful life. Fixtures and fittings - 33% on reducing balance Computer equipment - 25% on cost

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measuredat cost less any accumulated amortisation and any accumulated impairment losses.

Other accounting policies

Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed atthe balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periodsdifferent from those in which they are recognised in financial statements. Deferred tax is measuredusing tax rates and laws that have been enacted or substantively enacted by the year end and that areexpected 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 probablethat they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LBHGEO LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

LBHGEO LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 200,000
At 31 December 2022 200,000
Amortisation
At 01 January 2022 170,000
Charge for year 10,000
At 31 December 2022 180,000
Net book value
At 31 December 2022 20,000
At 31 December 2021 30,000

LBHGEO LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 10,271
Additions 904
At 31 December 2022 11,175
Depreciation
At 01 January 2022 10,271
Charge for year 226
At 31 December 2022 10,497
Net book value
At 31 December 2022 678
At 31 December 2021 0

LBHGEO LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
££
Debtors due after more than one year: 60,384 115,427

Included in other debtors is a loan to the Director £20,882 (2021 £61,866). This was repaid shortly afterthe year end