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REGISTERED NUMBER: 10567901 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

The LGC Group Limited

The LGC Group Limited (Registered number: 10567901)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The LGC Group Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P A Spenley
Mrs J Spenley



REGISTERED OFFICE: The Carriage House
Ivy Cottage Farm
Elkstone
Cheltenham
Gloucestershire
GL53 9PD



REGISTERED NUMBER: 10567901 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
Wadebridge
Birmingham
B26 3JW

The LGC Group Limited (Registered number: 10567901)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12 424

CURRENT ASSETS
Debtors 5 7,168 4,810
Cash at bank 5,718 13,884
12,886 18,694
CREDITORS
Amounts falling due within one year 6 9,067 12,333
NET CURRENT ASSETS 3,819 6,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,831

6,785

CREDITORS
Amounts falling due after more than one
year

7

3,000

5,000
NET ASSETS 831 1,785

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 331 1,285
SHAREHOLDERS' FUNDS 831 1,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

The LGC Group Limited (Registered number: 10567901)

Statement of Financial Position - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





P A Spenley - Director


The LGC Group Limited (Registered number: 10567901)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

The LGC Group 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.

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.
Computer equipment - 33% on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 February 2023
and 31 January 2024 2,866
Depreciation
At 1 February 2023 2,442
Charge for year 412
At 31 January 2024 2,854
Net book value
At 31 January 2024 12
At 31 January 2023 424

The LGC Group Limited (Registered number: 10567901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors - 1,560
Other debtors 7,168 3,250
7,168 4,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 2,000 2,000
Taxation and social security 6,406 9,527
Other creditors 661 806
9,067 12,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 3,000 5,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
P A Spenley and Mrs J Spenley
Balance outstanding at start of year - 6,149
Amounts advanced 34,348 -
Amounts repaid (28,740 ) (6,149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,608 -

The loan to the directors, located in other debtors, is interest free and repaid within nine months of the year end.