Company registration number 11241924 (England and Wales)
LG COLLECTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
LG COLLECTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
1,388
2
Current assets
41,209
36,825
Creditors: amounts falling due within one year
(23,740)
(18,880)
Net current assets
17,469
17,945
Total assets less current liabilities
18,857
17,947
Creditors: amounts falling due after more than one year
(17,422)
(17,017)
Net assets
1,435
930
Capital and reserves
1,435
930
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year an amount of £14,944 (2023 - £21,435) was advanced to the director of the company and an amount of £12,000 (2023 - £15,236 ) was repaid by the director. There was an amount due to the company of £41,209 (2023 £38,266) outstanding at the year end.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
LG Collections Limited is a private company limited by shares incorporated in England and Wales. The registered office is 164 Pembroke Road, Northampton, NN5 7ER.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
LG COLLECTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 20 December 2024
..............................................
Mr L Govan
Director
Company registration number 11241924 (England and Wales)