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REGISTERED NUMBER: 12656632 (England and Wales)












Lg House Of Beauty Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






Lg House Of Beauty Ltd (Registered number: 12656632)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Lg House Of Beauty Ltd

Company Information
for the Year Ended 30 June 2023







Director: Miss L E Greenwood





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 12656632 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Lg House Of Beauty Ltd (Registered number: 12656632)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,815 4,386

Current assets
Debtors 5 88,985 -
Cash at bank 95,311 108,004
184,296 108,004
Creditors
Amounts falling due within one year 6 102,864 35,866
Net current assets 81,432 72,138
Total assets less current liabilities 89,247 76,524

Creditors
Amounts falling due after more than one
year

7

(4,376

)

(6,576

)

Provisions for liabilities (1,574 ) -
Net assets 83,297 69,948

Capital and reserves
Called up share capital 1 1
Retained earnings 83,296 69,947
83,297 69,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lg House Of Beauty Ltd (Registered number: 12656632)

Balance Sheet - continued
30 June 2023


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 director and authorised for issue on 13 December 2024 and were signed by:





Miss L E Greenwood - Director


Lg House Of Beauty Ltd (Registered number: 12656632)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Lg House Of Beauty Ltd 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 1 (2022 - 1 ) .

Lg House Of Beauty Ltd (Registered number: 12656632)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2022 5,483
Additions 5,684
At 30 June 2023 11,167
Depreciation
At 1 July 2022 1,097
Charge for year 2,255
At 30 June 2023 3,352
Net book value
At 30 June 2023 7,815
At 30 June 2022 4,386

5. Debtors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Other debtors 88,985 -

6. Creditors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 2,227 2,227
Taxation and social security 96,090 32,058
Other creditors 4,547 1,581
102,864 35,866

7. Creditors: amounts falling due after more than one year
30.6.23 30.6.22
£    £   
Bank loans 4,376 6,576