LG Travel Limited 12968032 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is travel / marketing. Digita Accounts Production Advanced 6.30.9574.0 true 12968032 2022-11-01 2023-10-31 12968032 2023-10-31 12968032 core:RetainedEarningsAccumulatedLosses 2023-10-31 12968032 core:ShareCapital 2023-10-31 12968032 core:CurrentFinancialInstruments 2023-10-31 12968032 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12968032 core:FurnitureFittingsToolsEquipment 2023-10-31 12968032 bus:SmallEntities 2022-11-01 2023-10-31 12968032 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12968032 bus:FullAccounts 2022-11-01 2023-10-31 12968032 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12968032 bus:RegisteredOffice 2022-11-01 2023-10-31 12968032 bus:Director1 2022-11-01 2023-10-31 12968032 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12968032 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 12968032 core:OfficeEquipment 2022-11-01 2023-10-31 12968032 countries:EnglandWales 2022-11-01 2023-10-31 12968032 2022-10-31 12968032 core:FurnitureFittingsToolsEquipment 2022-10-31 12968032 2021-11-01 2022-10-31 12968032 2022-10-31 12968032 core:RetainedEarningsAccumulatedLosses 2022-10-31 12968032 core:ShareCapital 2022-10-31 12968032 core:CurrentFinancialInstruments 2022-10-31 12968032 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 12968032 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 12968032

LG Travel Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

LG Travel Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

LG Travel Limited

(Registration number: 12968032)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,165

2,605

Current assets

 

Debtors

5

29,763

7,926

Cash at bank and in hand

 

2,434

22,714

 

32,197

30,640

Creditors: Amounts falling due within one year

6

(29,288)

(22,399)

Net current assets

 

2,909

8,241

Net assets

 

5,074

10,846

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

4,974

10,746

Shareholders' funds

 

5,074

10,846

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 1 May 2024
 

.........................................
Mrs L Gynane
Director

 

LG Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

LG Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

LG Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

3,856

3,856

Additions

699

699

At 31 October 2023

4,555

4,555

Depreciation

At 1 November 2022

1,251

1,251

Charge for the year

1,139

1,139

At 31 October 2023

2,390

2,390

Carrying amount

At 31 October 2023

2,165

2,165

At 31 October 2022

2,605

2,605

5

Debtors

2023
£

2022
£

Trade debtors

5,624

7,727

Prepayments

-

199

Other debtors

24,139

-

29,763

7,926

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

29,080

22,104

Accruals and deferred income

208

198

Other creditors

-

97

29,288

22,399