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REGISTERED NUMBER: 05285829 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LSG HOLDINGS LIMITED

LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LSG HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr RJC Bowyer





REGISTERED OFFICE: Unit 40
Coalcart Road
Birstall
Leicestershire
LE4 3BY





REGISTERED NUMBER: 05285829 (England and Wales)

LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 210,000 210,000
Investment property 5 281,734 281,734
491,734 491,734

CURRENT ASSETS
Debtors 6 196,260 128,027
Cash at bank 12,112 35,476
208,372 163,503
CREDITORS
Amounts falling due within one year 7 432,454 426,848
NET CURRENT LIABILITIES (224,082 ) (263,345 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,652

228,389

CREDITORS
Amounts falling due after more than one year 8 107,477 111,911
NET ASSETS 160,175 116,478

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 160,174 116,477
SHAREHOLDERS' FUNDS 160,175 116,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





Mr RJC Bowyer - Director


LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

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


1. STATUTORY INFORMATION

LSG Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Preparation of consolidated financial statements
The financial statements contain information about LSG Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

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


2. ACCOUNTING POLICIES - continued
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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Investments
Investments are included at cost. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

Investment income
Investment income comprises dividends and is accounted for on a receivable basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 210,000
NET BOOK VALUE
At 31 December 2023 210,000
At 31 December 2022 210,000

LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 281,734
NET BOOK VALUE
At 31 December 2023 281,734
At 31 December 2022 281,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 196,260 128,027

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors - 558
Taxation and social security 38,636 32,557
Other creditors 389,818 389,733
432,454 426,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 107,477 111,911

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 91,477 95,911
91,477 95,911

LSG HOLDINGS LIMITED (REGISTERED NUMBER: 05285829)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 111,477 115,911

The bank loan is secured by way of a fixed and floating charge on the investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 January 2023 116,477
Profit for the year 202,123
Dividends (158,426 )
At 31 December 2023 160,174

12. RELATED PARTY DISCLOSURES

Included in other creditors is £105,000 (2022: £105,000) of loan notes owing to Mr and Mrs GW Bowyer (parents of Mr RJC Bowyer, director and shareholder) as deferred consideration for the share capital of ACVR Services Limited.

13. ULTIMATE CONTROLLING PARTY

For the period the company has been controlled by Mr RJC Bowyer who is sole shareholder and director of the company.