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REGISTERED NUMBER: 10111550 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LG CARING LTD

LG CARING LTD (REGISTERED NUMBER: 10111550)






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


LG CARING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: L J Galvin
M A Galvin





REGISTERED OFFICE: Unit 3.9
Holmfield Mills
Holmfield
Halifax
HX3 6SN





REGISTERED NUMBER: 10111550 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor Offices, Unit A4
Old Power Way
Lowfields Business Park
Elland
HX5 9DE

LG CARING LTD (REGISTERED NUMBER: 10111550)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 28,465 40,274

CURRENT ASSETS
Debtors 4 115,238 13,644
Cash at bank 338,541 80,778
453,779 94,422
CREDITORS
Amounts falling due within one year 5 105,276 30,120
NET CURRENT ASSETS 348,503 64,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,968

104,576

CREDITORS
Amounts falling due after more than
one year

6

(4,667

)

(6,693

)

PROVISIONS FOR LIABILITIES (4,104 ) -
NET ASSETS 368,197 97,883

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 368,097 97,783
368,197 97,883

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.

LG CARING LTD (REGISTERED NUMBER: 10111550)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:





L J Galvin - Director


LG CARING LTD (REGISTERED NUMBER: 10111550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 34 ) .

LG CARING LTD (REGISTERED NUMBER: 10111550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 13,079 48,934 62,013
Additions - 7,995 7,995
Disposals - (13,750 ) (13,750 )
At 31 March 2023 13,079 43,179 56,258
DEPRECIATION
At 1 April 2022 6,526 15,213 21,739
Charge for year 1,641 7,851 9,492
Eliminated on disposal - (3,438 ) (3,438 )
At 31 March 2023 8,167 19,626 27,793
NET BOOK VALUE
At 31 March 2023 4,912 23,553 28,465
At 31 March 2022 6,553 33,721 40,274

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,553 -
Other debtors 16,685 13,644
115,238 13,644

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,000 1,984
Trade creditors 339 -
Taxation and social security 96,350 23,014
Other creditors 6,587 5,122
105,276 30,120

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 4,667 6,693

LG CARING LTD (REGISTERED NUMBER: 10111550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
L J Galvin
Balance outstanding at start of year 7,935 (6,856 )
Amounts advanced 6,238 8,000
Amounts repaid (7,935 ) 6,791
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,238 7,935

M A Galvin
Balance outstanding at start of year 5,000 -
Amounts advanced 6,237 5,000
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,237 5,000

Advances are interest free, unsecured and repayable on demand.