Company registration number 11241924 (England and Wales)
LG COLLECTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
LG COLLECTIONS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
2
502
Current assets
36,825
35,378
Creditors: amounts falling due within one year
(18,880)
(18,619)
Net current assets
17,945
16,759
Total assets less current liabilities
17,947
17,261
Creditors: amounts falling due after more than one year
(17,017)
(16,716)
Net assets
930
545
Capital and reserves
930
545
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

During the year an amount of £21,435 (2022 £30,257) was advanced to the directors of the company. The amount was repayable on demand and interest was charged at the official rate. Repayments of £15,236 (2022 £22,260) were made in the year and an amount of £38,266 (2022 £32,067) was outstanding at the year end.

 

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
1
1

LG Collections Limited is a private company limited by shares incorporated in England and Wales. The registered office is 164 Pembroke Road, Northampton, NN5 7ER.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LG COLLECTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -

(e) the company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and I confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true

The financial statements were approved and signed by the director and authorised for issue on 20 March 2024
Mr L Govan
Director
Company registration number 11241924 (England and Wales)
2023-03-312022-04-01falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr Leon Govanfalse112419242022-04-012023-03-31112419242023-03-31112419242022-03-3111241924core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3111241924core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3111241924core:Non-currentFinancialInstruments2023-03-3111241924core:Non-currentFinancialInstruments2022-03-31112419242021-04-012022-03-3111241924bus:Director12022-04-012023-03-3111241924bus:PrivateLimitedCompanyLtd2022-04-012023-03-3111241924bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111241924bus:Micro-entities2022-04-012023-03-3111241924bus:AuditExemptWithAccountantsReport2022-04-012023-03-3111241924bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP