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REGISTERED NUMBER: 06266908 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

LFG High Wycombe Limited

LFG High Wycombe Limited (Registered number: 06266908)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LFG High Wycombe Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: G P J Ealey
M P Wright
P G Wright





SECRETARY: M P Wright





REGISTERED OFFICE: 88 Crawford Street
London
W1H 2EJ





REGISTERED NUMBER: 06266908 (England and Wales)






LFG High Wycombe Limited (Registered number: 06266908)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,181 18,223

CURRENT ASSETS
Stocks 136,328 172,276
Debtors 5 671,413 601,433
Cash at bank and in hand 135,634 142,854
943,375 916,563
CREDITORS
Amounts falling due within one year 6 (487,689 ) (524,597 )
NET CURRENT ASSETS 455,686 391,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,867

410,189

CAPITAL AND RESERVES
Called up share capital 130,000 130,000
Retained earnings 366,867 280,189
496,867 410,189

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.

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 26 November 2024 and were signed on its behalf by:





M P Wright - Director


LFG High Wycombe Limited (Registered number: 06266908)

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

1. STATUTORY INFORMATION

LFG High Wycombe 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
Plant & Machinery 20% and 33% on cost
Fixtures and fittings 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 21 ) .

LFG High Wycombe Limited (Registered number: 06266908)

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 March 2023 1 5,500 134,867
Additions - - 42,125
At 29 February 2024 1 5,500 176,992
DEPRECIATION
At 1 March 2023 - 5,500 122,316
Charge for year - - 14,756
At 29 February 2024 - 5,500 137,072
NET BOOK VALUE
At 29 February 2024 1 - 39,920
At 28 February 2023 1 - 12,551

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023 27,372 8,125 175,865
Additions - - 42,125
At 29 February 2024 27,372 8,125 217,990
DEPRECIATION
At 1 March 2023 23,732 6,094 157,642
Charge for year 2,381 2,030 19,167
At 29 February 2024 26,113 8,124 176,809
NET BOOK VALUE
At 29 February 2024 1,259 1 41,181
At 28 February 2023 3,640 2,031 18,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 413,949 421,139
Amounts owed by group undertakings 192,425 114,924
Other debtors 42,063 43,982
Prepayments 22,976 21,388
671,413 601,433

LFG High Wycombe Limited (Registered number: 06266908)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 166,735 209,883
Tax 21,221 (11,169 )
Social security and other taxes 18,774 17,359
VAT 62,514 87,980
Other creditors 21,397 21,572
Accruals and deferred income 197,048 198,972
487,689 524,597

7. PARENT COMPANY

The parent company is A B Dyne Motors Limited,which is the 100% shareholder.