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REGISTERED NUMBER: NI637440 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LGG LTD

LGG LTD (REGISTERED NUMBER: NI637440)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

LGG LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: Mrs Linda McKinley
Gordon McKinley



REGISTERED OFFICE: 15 Lisnahanna Road
Trillick
Omagh
Tyrone
BT78 3RR



REGISTERED NUMBER: NI637440 (Northern Ireland)



ACCOUNTANTS: Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Triodos Bank
Deanery Road
Bristol
BS1 5AS

LGG LTD (REGISTERED NUMBER: NI637440)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,900 -

CURRENT ASSETS
Debtors 5 28,672 35,361
Cash at bank 133,105 95,405
161,777 130,766
CREDITORS
Amounts falling due within one year 6 54,663 39,013
NET CURRENT ASSETS 107,114 91,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,014

91,753

PROVISIONS FOR LIABILITIES 7 3,975 -
NET ASSETS 119,039 91,753

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 119,036 91,750
SHAREHOLDERS' FUNDS 119,039 91,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

LGG LTD (REGISTERED NUMBER: NI637440)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Gordon McKinley - Director


LGG LTD (REGISTERED NUMBER: NI637440)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

LGG LTD is a private company, limited by shares , registered in Northern Ireland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

LGG LTD (REGISTERED NUMBER: NI637440)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 19,875
At 31 March 2023 19,875
DEPRECIATION
Charge for year 3,975
At 31 March 2023 3,975
NET BOOK VALUE
At 31 March 2023 15,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 25,270 32,358
Prepayments and accrued income 3,402 3,003
28,672 35,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 16,836 6,898
Tax 5,011 5,606
VAT 320 12
Other creditors 10,833 17,667
Directors' current accounts 21,663 8,830
54,663 39,013

Connected with the bank facility is a fixed and floating charge on all the property and undertakings of the company.

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 3,975 -

Deferred
tax
£   
Provided during year 3,975
Balance at 31 March 2023 3,975

LGG LTD (REGISTERED NUMBER: NI637440)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3 Ordinary 1 3 3

9. RESERVES
Retained
earnings
£   

At 1 April 2022 91,750
Profit for the year 33,286
Dividends (6,000 )
At 31 March 2023 119,036

LGG LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
LGG LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


25 October 2023