Registered number
06047286
L & G Technologies Limited
Filleted Accounts
31 March 2023
L & G Technologies Limited
Registered number: 06047286
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 121 162
Current assets
Debtors 4 83,010 116,670
Cash at bank and in hand 1,363 6,596
84,373 123,266
Creditors: amounts falling due within one year 5 (4,718) (10,611)
Net current assets 79,655 112,655
Total assets less current liabilities 79,776 112,817
Creditors: amounts falling due after more than one year 6 (30,735) (40,703)
Net assets 49,041 72,114
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 48,041 71,114
Shareholder's funds 49,041 72,114
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Srinivasa Rao Anne
Director
Approved by the board on 21 December 2023
L & G Technologies Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,893
At 31 March 2023 3,893
Depreciation
At 1 April 2022 3,731
Charge for the year 41
At 31 March 2023 3,772
Net book value
At 31 March 2023 121
At 31 March 2022 162
4 Debtors 2023 2022
£ £
Trade debtors 50,237 49,237
Other debtors 32,773 67,433
83,010 116,670
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 3,748
Trade creditors 1,635 -
Taxation and social security costs 3,083 6,863
4,718 10,611
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,735 40,703
7 Other information
L & G Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vyse Terrace, Branston Court
Branston Street
Birmingham
B18 6BA
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