Company Registration No. 09642517 (England and Wales)
LGSA Ltd
Unaudited Financial Statements
for the year ended 30 June 2024
LGSA Ltd
Unaudited Financial Statements
Contents
LGSA Ltd
Company Information
for the year ended 30 June 2024
Company Number
09642517 (England and Wales)
Registered Office
20 Baron Avenue
Earls Barton
Northampton
Northamptonshire
NN6 0JE
England
Accountants
SMP Accountancy Ltd
24 Lamport Lane
Northampton
NN2 7DW
LGSA Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
14,146
18,749
Cash at bank and in hand
37,352
20,436
Creditors: amounts falling due within one year
(58,317)
(53,395)
Net current liabilities
(18,770)
(27,508)
Net liabilities
(4,624)
(8,759)
Called up share capital
3
3
Capital redemption reserve
1
1
Profit and loss account
(4,628)
(8,763)
Shareholders' funds
(4,624)
(8,759)
For the year ending 30 June 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 24 March 2025 and were signed on its behalf by
Cora Martina
Director
Company Registration No. 09642517
LGSA Ltd
Notes to the Accounts
for the year ended 30 June 2024
LGSA Ltd is a private company, limited by shares, registered in England and Wales, registration number 09642517. The registered office is 20 Baron Avenue, Earls Barton, Northampton, Northamptonshire, NN6 0JE, England.
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.
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 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:
Land & buildings
20% Straight Line
Plant & machinery
10% Straight Line
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.
Having due regard to cash flow forecasts, the directors consider that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.
LGSA Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Total
5
Operating lease commitments
2024
2023
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
56,667
99,167
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).