LGP EUROPE, LTD

Company Registration Number:
10053134 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

LGP EUROPE, LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

LGP EUROPE, LTD

Company Information

for the Period Ended 31 March 2023




Director: Michael Whitehouse
Todd Ferrier
David Coffey
Joanna Hockett
Registered office: Office 1
Osier Way
Sible Hedingham
Halstead
England
CO9 3FF
Company Registration Number: 10053134 (England and Wales)

LGP EUROPE, LTD

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
Michael Whitehouse
Todd Ferrier
David Coffey
Joanna Hockett

This report was approved by the board of directors on 5 March 2024
And Signed On Behalf Of The Board By:

Name: Michael Whitehouse
Status: Director

LGP EUROPE, LTD

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 983,428 839,071
Cost of sales ( 760,098 ) ( 655,350 )
Gross Profit or (Loss) 223,330 183,721
Administrative Expenses ( 429,518 ) ( 362,508 )
Other operating income 31,957 112
Operating Profit or (Loss) ( 174,231 ) ( 178,675 )
Interest Receivable and Similar Income 1,332 27
Profit or (Loss) Before Tax ( 172,899 ) ( 178,648 )
Profit or (Loss) for Period ( 172,899 ) ( 178,648 )

The notes form part of these financial statements

LGP EUROPE, LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,972 11,552
Total fixed assets: 1,972 11,552
Current assets
Stocks: 915,226 827,593
Debtors: 5 277,892 219,994
Cash at bank and in hand: 806,893 866,282
Total current assets: 2,000,011 1,913,869
Prepayments and accrued income: 17,850
Creditors: amounts falling due within one year: 6 ( 2,587,739 ) ( 2,320,430 )
Net current assets (liabilities): ( 569,878 ) ( 406,561 )
Total assets less current liabilities: ( 567,906 ) ( 395,009 )
Total net assets (liabilities): ( 567,906 ) ( 395,009 )

The notes form part of these financial statements

LGP EUROPE, LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 568,906 ) ( 396,009 )
Shareholders funds: ( 567,906 ) ( 395,009 )

For the year ending 31 March 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 March 2024
And Signed On Behalf Of The Board By:

Name: Michael Whitehouse
Status: Director

The notes form part of these financial statements

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover represents revenue earned during the period, net of value added tax

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Plant & machinery Fixtures & fittings Total
Cost £ £ £
At 01 April 2022 - 11,552 11,552
Additions - - -
Disposals - ( 9,580 ) ( 9,580 )
Revaluations - - -
Transfers - - -
At 31 March 2023 - 1,972 1,972
Depreciation
At 01 April 2022 - - -
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 31 March 2023 - - -
Net book value
At 31 March 2023 - 1,972 1,972
At 31 March 2022 - 11,552 11,552

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors


2023
£

2022
£
Trade debtors 277,892 219,994
Total 277,892 219,994

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 2,587,739 2,320,430
Total 2,587,739 2,320,430