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REGISTERED NUMBER: 06645267 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

LG SCAFFOLDING LTD

LG SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LG SCAFFOLDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs S Littlechild
Mr D J Littlechild





SECRETARY: Mr D J Littlechild





REGISTERED OFFICE: Unit 29 Higher Walton Mill
Cann Bridge Street
Higher Walton
Preston
Lancashire
PR5 4DJ





REGISTERED NUMBER: 06645267 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
PRESTON
Lancashire
PR2 2YH

LG SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,459 388,368

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 308,332 219,436
Cash at bank 24,314 20,303
337,646 244,739
CREDITORS
Amounts falling due within one year 6 304,402 256,518
NET CURRENT ASSETS/(LIABILITIES) 33,244 (11,779 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,703

376,589

CREDITORS
Amounts falling due after more than one
year

7

(136,111

)

(203,170

)

PROVISIONS FOR LIABILITIES (75,114 ) (97,092 )
NET ASSETS 122,478 76,327

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 122,476 76,325
SHAREHOLDERS' FUNDS 122,478 76,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:





Mrs S Littlechild - Director


LG SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)

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

1. STATUTORY INFORMATION

LG Scaffolding Ltd 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

LG SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 861,070 22,409 36,178 919,657
Additions 43,168 - - 43,168
Disposals (309,226 ) - - (309,226 )
At 31 August 2023 595,012 22,409 36,178 653,599
DEPRECIATION
At 1 September 2022 482,085 20,694 28,510 531,289
Charge for year 73,390 571 1,917 75,878
Eliminated on disposal (254,027 ) - - (254,027 )
At 31 August 2023 301,448 21,265 30,427 353,140
NET BOOK VALUE
At 31 August 2023 293,564 1,144 5,751 300,459
At 31 August 2022 378,985 1,715 7,668 388,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 178,369 117,652
Other debtors 129,963 101,784
308,332 219,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 69,392 45,185
Hire purchase contracts (see note 8) 26,751 26,709
Trade creditors - 17,555
Taxation and social security 133,886 88,698
Other creditors 74,373 78,371
304,402 256,518

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,500 32,500
Hire purchase contracts (see note 8) 20,031 46,740
Other creditors 93,580 123,930
136,111 203,170

LG SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 2,530

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 26,751 26,709
Between one and five years 20,031 46,740
46,782 73,449

Non-cancellable operating leases
2023 2022
£    £   
Within one year 5,720 5,720
Between one and five years 8,578 14,298
14,298 20,018

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr D J Littlechild
Balance outstanding at start of year 53,306 76,777
Amounts advanced 127,850 117,658
Amounts repaid (116,424 ) (141,129 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,732 53,306

Mrs S Littlechild
Balance outstanding at start of year 37,725 39,437
Amounts advanced 103,844 99,251
Amounts repaid (99,091 ) (100,963 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,478 37,725

LG SCAFFOLDING LTD (REGISTERED NUMBER: 06645267)

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

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £110,192 were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors..