LBGI Limited 10650154 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is management activities of a holding company Digita Accounts Production Advanced 6.30.9574.0 true 10650154 2023-04-01 2024-03-31 10650154 2024-03-31 10650154 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-03-31 10650154 core:RetainedEarningsAccumulatedLosses 2024-03-31 10650154 core:ShareCapital 2024-03-31 10650154 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 10650154 core:CurrentFinancialInstruments 2024-03-31 10650154 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10650154 bus:SmallEntities 2023-04-01 2024-03-31 10650154 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10650154 bus:FilletedAccounts 2023-04-01 2024-03-31 10650154 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10650154 bus:RegisteredOffice 2023-04-01 2024-03-31 10650154 bus:Director1 2023-04-01 2024-03-31 10650154 bus:Director2 2023-04-01 2024-03-31 10650154 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-01 2024-03-31 10650154 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10650154 countries:AllCountries 2023-04-01 2024-03-31 10650154 2022-04-01 2023-03-31 10650154 2023-03-31 10650154 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 10650154 core:RetainedEarningsAccumulatedLosses 2023-03-31 10650154 core:ShareCapital 2023-03-31 10650154 core:CurrentFinancialInstruments 2023-03-31 10650154 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10650154

LBGI Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

LBGI Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

LBGI Limited

Registration number: 10650154

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

288,109

288,109

Current assets

 

Debtors

5

33,240

-

Cash at bank and in hand

 

78,702

85,232

 

111,942

85,232

Creditors: Amounts falling due within one year

6

(6,895)

(32)

Net current assets

 

105,047

85,200

Net assets

 

393,156

373,309

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

393,056

373,209

Shareholders' funds

 

393,156

373,309



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

LBGI Limited

Registration number: 10650154

Balance Sheet as at 31 March 2024 (continued)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 November 2024 and signed on its behalf by:
 

L-J Gallop FCCA
Director

W S Gallop FCCA
Director

 
     

 

LBGI Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

LBGI Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

LBGI Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

288,109

288,109

At 31 March 2024

288,109

288,109

Impairment

Carrying amount

At 31 March 2024

288,109

288,109

5

Debtors

Current

2024
£

2023
£

Prepayments

3,240

-

Other debtors

30,000

-

 

33,240

-

The amounts owed to the company at the year-end in respect of the directors’ loans was £30,000 and is included in other debtors. It is company policy to charge interest on all overdrawn loan accounts at HM Revenue & Customs official rate of interest.

 

LBGI Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

6,895

32

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100