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REGISTERED NUMBER: 13207724 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

LG ENGINEERING SOLUTIONS LTD

LG ENGINEERING SOLUTIONS LTD (Registered number: 13207724)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LG ENGINEERING SOLUTIONS LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M C Lucas
N Giga





REGISTERED OFFICE: Pure Offices Brooks Drive
Cheadle Royal Business Park
Cheadle
Manchester
SK8 3TD





REGISTERED NUMBER: 13207724 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

LG ENGINEERING SOLUTIONS LTD (Registered number: 13207724)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 880 5,000
Cash at bank and in hand 80,452 82,987
81,332 87,987
CREDITORS
Amounts falling due within one year 5 36,497 35,160
NET CURRENT ASSETS 44,835 52,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,835

52,827

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 44,735 52,727
SHAREHOLDERS' FUNDS 44,835 52,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 ENGINEERING SOLUTIONS LTD (Registered number: 13207724)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:




N Giga - Director



M C Lucas - Director


LG ENGINEERING SOLUTIONS LTD (Registered number: 13207724)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

LG ENGINEERING SOLUTIONS 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

LG ENGINEERING SOLUTIONS LTD (Registered number: 13207724)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 880 5,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1 1
Taxation and social security 9,043 14,315
Other creditors 27,453 20,844
36,497 35,160

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100