LGL WORLDWIDE LOGISTICS LIMITED

Company Registration Number:
10629443 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

LGL WORLDWIDE LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

LGL WORLDWIDE LOGISTICS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 930,000 0
Tangible assets: 4 6,214 8,704
Total fixed assets: 936,214 8,704
Current assets
Debtors:   127,250
Cash at bank and in hand: 1,080,124 701,168
Total current assets: 1,207,374 701,168
Creditors: amounts falling due within one year:   (368,769) (256,100)
Net current assets (liabilities): 838,605 445,068
Total assets less current liabilities: 1,774,819 453,772
Creditors: amounts falling due after more than one year:   (953,268) (32,253)
Total net assets (liabilities): 821,551 421,519
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 821,451 421,419
Shareholders funds: 821,551 421,519

The notes form part of these financial statements

LGL WORLDWIDE LOGISTICS LIMITED

Balance sheet statements

For the year ending 31 January 2023 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 17 October 2023
and signed on behalf of the board by:

Name: Shoayb Patel
Status: Director

The notes form part of these financial statements

LGL WORLDWIDE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

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:Plant & machinery20% straight lineFixtures & fittings20% straight line

LGL WORLDWIDE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 11 7

LGL WORLDWIDE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Intangible Assets

Total
Cost £
At 01 February 2022 0
Additions 930,000
At 31 January 2023 930,000
Amortisation
At 01 February 2022 0
At 31 January 2023 0
Net book value
At 31 January 2023 930,000
At 31 January 2022 0

LGL WORLDWIDE LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible Assets

Total
Cost £
At 01 February 2022 14,676
Additions 557
At 31 January 2023 15,233
Depreciation
At 01 February 2022 5,972
Charge for year 3,047
At 31 January 2023 9,019
Net book value
At 31 January 2023 6,214
At 31 January 2022 8,704