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REGISTERED NUMBER: 09972479 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

LGQS Limited

LGQS Limited (Registered number: 09972479)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LGQS Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr L Graham





REGISTERED OFFICE: 2 Beech Grove Road
Linthorpe
Middlesbrough
TS5 6RH





REGISTERED NUMBER: 09972479 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

LGQS Limited (Registered number: 09972479)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,523 1,145

CURRENT ASSETS
Debtors 5 15,828 7,037
Cash at bank 25,329 27,044
41,157 34,081
CREDITORS
Amounts falling due within one year 6 25,186 23,498
NET CURRENT ASSETS 15,971 10,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,494

11,728

PROVISIONS FOR LIABILITIES 381 218
NET ASSETS 17,113 11,510

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 17,103 11,500
17,113 11,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:



Mr L Graham - Director


LGQS Limited (Registered number: 09972479)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

LGQS 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.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 1 (2023 - 1 ) .

LGQS Limited (Registered number: 09972479)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 7,828
Additions 1,099
Disposals 5,354
At 30 April 2024 14,281
DEPRECIATION
At 1 May 2023 6,683
Charge for year 721
Eliminated on disposal 5,354
At 30 April 2024 12,758
NET BOOK VALUE
At 30 April 2024 1,523
At 30 April 2023 1,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,621 7,037
Other debtors 207 -
15,828 7,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 25,066 21,567
Other creditors 120 1,931
25,186 23,498

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr L Graham
Balance outstanding at start of year - -
Amounts advanced 207 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 207 -

LGQS Limited (Registered number: 09972479)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

No interest has been charged on the above loan.