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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
Page
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LGSA Ltd Company Information for the year ended 30 June 2024
Director
Cora Martina
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
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LGSA Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,146 
18,749 
Current assets
Debtors
2,195 
5,451 
Cash at bank and in hand
37,352 
20,436 
39,547 
25,887 
Creditors: amounts falling due within one year
(58,317)
(53,395)
Net current liabilities
(18,770)
(27,508)
Net liabilities
(4,624)
(8,759)
Capital and reserves
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
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LGSA Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
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 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 taxation
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.
Going concern
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.
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LGSA Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
50,803 
At 30 June 2024
50,803 
Depreciation
At 1 July 2023
32,054 
Charge for the year
4,603 
At 30 June 2024
36,657 
Net book value
At 30 June 2024
14,146 
At 30 June 2023
18,749 
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).
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