PTP Accounts Production v23.1.5.20 11968098 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119680982023-04-30119680982024-04-30119680982023-05-012024-04-30119680982022-04-30119680982022-05-012023-04-30119680982023-04-3011968098ns15:EnglandWales2023-05-012024-04-3011968098ns14:PoundSterling2023-05-012024-04-3011968098ns10:Director12023-05-012024-04-3011968098ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011968098ns10:SmallEntities2023-05-012024-04-3011968098ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011968098ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011968098ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011968098ns10:FullAccounts2023-05-012024-04-3011968098ns10:RegisteredOffice2023-05-012024-04-3011968098ns5:CurrentFinancialInstruments2024-04-3011968098ns5:CurrentFinancialInstruments2023-04-3011968098ns5:ShareCapital2024-04-3011968098ns5:ShareCapital2023-04-3011968098ns5:RetainedEarningsAccumulatedLosses2024-04-3011968098ns5:RetainedEarningsAccumulatedLosses2023-04-3011968098ns5:PlantMachinery2023-05-012024-04-3011968098ns5:ComputerEquipment2023-05-012024-04-3011968098ns5:PlantMachinery2023-04-3011968098ns5:ComputerEquipment2023-04-3011968098ns5:PlantMachinery2024-04-3011968098ns5:ComputerEquipment2024-04-3011968098ns5:PlantMachinery2023-04-3011968098ns5:ComputerEquipment2023-04-3011968098ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3011968098ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 11968098 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

LGC Plumbing & Heating Ltd

LGC Plumbing & Heating Ltd (Registered number: 11968098)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LGC Plumbing & Heating Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: L Corps





REGISTERED OFFICE: 45 Alfriston Gardens
Southampton
Hampshire
SO19 8GB





REGISTERED NUMBER: 11968098 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

LGC Plumbing & Heating Ltd (Registered number: 11968098)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,844 2,903

CURRENT ASSETS
Stocks 500 500
Debtors 5 85,577 58,056
Cash at bank 56,673 47,358
142,750 105,914
CREDITORS
Amounts falling due within one year 6 96,915 64,970
NET CURRENT ASSETS 45,835 40,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,679

43,847

PROVISIONS FOR LIABILITIES 1,281 551
NET ASSETS 48,398 43,296

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,397 43,295
SHAREHOLDERS' FUNDS 48,398 43,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 27 January 2025 and were signed by:



L Corps - Director


LGC Plumbing & Heating Ltd (Registered number: 11968098)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

LGC Plumbing & Heating 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2023 - 1 ) .

LGC Plumbing & Heating Ltd (Registered number: 11968098)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 878 2,299 3,177
Additions 1,651 139 1,790
At 30 April 2024 2,529 2,438 4,967
DEPRECIATION
At 1 May 2023 37 237 274
Charge for year 304 545 849
At 30 April 2024 341 782 1,123
NET BOOK VALUE
At 30 April 2024 2,188 1,656 3,844
At 30 April 2023 841 2,062 2,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 34,119 36,118
Amounts recoverable on contract 9,615 3,560
Other debtors 26,066 16,535
VAT 13,403 -
Prepayments 2,374 1,843
85,577 58,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 43,700 1,254
Tax 7,950 12,936
Social security and other taxes 2,289 1,888
VAT - 6,201
Directors' current accounts 42,176 41,891
Accrued expenses 800 800
96,915 64,970

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 (2023 - £15,000) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The controlling party is L Corps.