LGP EUROPE, LTD

Company Registration Number:
10053134 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

LGP EUROPE, LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

LGP EUROPE, LTD

Company Information

for the Period Ended 31 March 2024




Director: Michael Whitehouse
Todd Ferrier
David Coffey
Joanna Hockett
Secretary: Todd Ferrier
Registered office: Office 1
Osier Way
Sible Hedingham
Halstead
England
CO9 3FF
Company Registration Number: 10053134 (England and Wales)

LGP EUROPE, LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Michael Whitehouse
Todd Ferrier
David Coffey
Joanna Hockett

Secretary
Todd Ferrier

This report was approved by the board of directors on 18 September 2024
And Signed On Behalf Of The Board By:

Name: Michael Whitehouse
Status: Director

Name: Todd Ferrier
Status: Director

Name: David Coffey
Status: Director

Name: Joanna Hockett
Status: Director

LGP EUROPE, LTD

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 1,112,750 983,428
Cost of sales ( 978,753 ) ( 760,098 )
Gross Profit or (Loss) 133,997 223,330
Administrative Expenses ( 381,572 ) ( 429,518 )
Other operating income - 31,957
Operating Profit or (Loss) ( 247,575 ) ( 174,231 )
Interest Receivable and Similar Income 2,750 1,332
Profit or (Loss) Before Tax ( 244,825 ) ( 172,899 )
Profit or (Loss) for Period ( 244,825 ) ( 172,899 )

The notes form part of these financial statements

LGP EUROPE, LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,579 1,972
Total fixed assets: 1,579 1,972
Current assets
Stocks: 657,074 915,226
Debtors: 5 545,864 277,892
Cash at bank and in hand: 617,146 806,893
Total current assets: 1,820,084 2,000,011
Prepayments and accrued income: 126 17,850
Creditors: amounts falling due within one year: 6 ( 2,685,589 ) ( 2,587,739 )
Net current assets (liabilities): ( 865,379 ) ( 569,878 )
Total assets less current liabilities: ( 863,800 ) ( 567,906 )
Total net assets (liabilities): ( 863,800 ) ( 567,906 )

The notes form part of these financial statements

LGP EUROPE, LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 864,800 ) ( 568,906 )
Shareholders funds: ( 863,800 ) ( 567,906 )

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 September 2024
And Signed On Behalf Of The Board By:

Name: Michael Whitehouse
Status: Director

Name: Todd Ferrier
Status: Director

Name: David Coffey
Status: Director

Name: Joanna Hockett
Status: Director

The notes form part of these financial statements

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represent revenue earned during the period; net of value added tax

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 April 2023 1,972 1,972
Additions - -
Disposals ( 393 ) ( 393 )
Revaluations - -
Transfers - -
At 31 March 2024 1,579 1,579
Depreciation
At 01 April 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 March 2024 - -
Net book value
At 31 March 2024 1,579 1,579
At 31 March 2023 1,972 1,972

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Trade debtors 545,864 277,892
Total 545,864 277,892

LGP EUROPE, LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 2,685,589 2,587,739
Total 2,685,589 2,587,739