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Company Registration No. 10764433 (England and Wales)
LFG Groundworks Ltd Unaudited accounts for the year ended 31 May 2024
LFG Groundworks Ltd Unaudited accounts Contents
Page
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LFG Groundworks Ltd Company Information for the year ended 31 May 2024
Director
Landi Gjeloshi
Company Number
10764433 (England and Wales)
Registered Office
334 Godstone Road Whyteleafe Surrey CR3 0BA
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LFG Groundworks Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,947 
2,063 
Current assets
Debtors
- 
18,500 
Cash at bank and in hand
240,407 
484,388 
240,407 
502,888 
Creditors: amounts falling due within one year
(59,244)
(48,071)
Net current assets
181,163 
454,817 
Total assets less current liabilities
198,110 
456,880 
Creditors: amounts falling due after more than one year
431,264 
233 
Net assets
629,374 
457,113 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
629,274 
457,013 
Shareholders' funds
629,374 
457,113 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 January 2024 and were signed on its behalf by
Landi Gjeloshi Director Company Registration No. 10764433
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LFG Groundworks Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
LFG Groundworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 10764433. The registered office is 334 Godstone Road, Whyteleafe, Surrey, CR3 0BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources funding or support will be more than adequate for the company's needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25 % Reducing Balance
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LFG Groundworks Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
1,954 
- 
1,147 
3,101 
Additions
- 
15,400 
- 
15,400 
At 31 May 2024
1,954 
15,400 
1,147 
18,501 
Depreciation
At 1 June 2023
329 
- 
709 
1,038 
Charge for the year
406 
- 
110 
516 
At 31 May 2024
735 
- 
819 
1,554 
Net book value
At 31 May 2024
1,219 
15,400 
328 
16,947 
At 31 May 2023
1,625 
- 
438 
2,063 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
18,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
8,526 
Taxes and social security
78,566 
69,131 
Other creditors
- 
15,759 
Loans from directors
(20,322)
(46,345)
Accruals
1,000 
1,000 
59,244 
48,071 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
(233)
Other creditors
(431,264)
- 
(431,264)
(233)
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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LFG Groundworks Ltd Notes to the Accounts for the year ended 31 May 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Landi Gjeloshi
Loans and advances
46,345 
20,322 
46,345 
20,322 
46,345 
20,322 
46,345 
20,322 
The director shall repay this advances back into the company within nine months from the balance sheet date.
10
Transactions with related parties
Mr Landi is the sole director and a shareholder who is holding 100% shares in the company.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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