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
LFG Groundworks Ltd
Company Information
for the year ended 31 May 2024
Company Number
10764433 (England and Wales)
Registered Office
334 Godstone Road
Whyteleafe
Surrey
CR3 0BA
LFG Groundworks Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
16,947
2,063
Cash at bank and in hand
240,407
484,388
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
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
LFG Groundworks Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
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
At 1 June 2023
329
-
709
1,038
Charge for the year
406
-
110
516
At 31 May 2024
735
-
819
1,554
At 31 May 2024
1,219
15,400
328
16,947
At 31 May 2023
1,625
-
438
2,063
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
78,566
69,131
Loans from directors
(20,322)
(46,345)
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
(431,264)
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
LFG Groundworks Ltd
Notes to the Accounts
for the year ended 31 May 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).