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REGISTERED NUMBER: 05512395 (England and Wales)









LEXGO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LEXGO LIMITED (REGISTERED NUMBER: 05512395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEXGO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr T C L Perry
Mr J W Russell





SECRETARY: Mrs N C Perry





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 05512395 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

LEXGO LIMITED (REGISTERED NUMBER: 05512395)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,046 36,040

CURRENT ASSETS
Debtors 5 289,382 248,303
Cash at bank and in hand 773,768 284,191
1,063,150 532,494
CREDITORS
Amounts falling due within one year 6 304,304 173,415
NET CURRENT ASSETS 758,846 359,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

785,892

395,119

CREDITORS
Amounts falling due after more than one
year

7

(228,236

)

(269,879

)

PROVISIONS FOR LIABILITIES (6,761 ) (9,010 )
NET ASSETS 550,895 116,230

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 550,795 116,130
SHAREHOLDERS' FUNDS 550,895 116,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LEXGO LIMITED (REGISTERED NUMBER: 05512395)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr T C L Perry - Director


LEXGO LIMITED (REGISTERED NUMBER: 05512395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

LEXGO Limited 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 represents fees receivable for work undertaken during the year excluding Value Added Tax. Revenue is recognised at the point at which work is performed based on predetermined rates. Due allowance is given for irrecoverable work.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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.


LEXGO LIMITED (REGISTERED NUMBER: 05512395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,857 52,643 13,077 67,577
Additions - - 2,706 2,706
Disposals - - (308 ) (308 )
At 31 December 2024 1,857 52,643 15,475 69,975
DEPRECIATION
At 1 January 2024 1,398 24,424 5,715 31,537
Charge for year 91 7,055 4,554 11,700
Eliminated on disposal - - (308 ) (308 )
At 31 December 2024 1,489 31,479 9,961 42,929
NET BOOK VALUE
At 31 December 2024 368 21,164 5,514 27,046
At 31 December 2023 459 28,219 7,362 36,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 163,720 105,187
Amounts recoverable on
contracts 41,823 47,211
Other debtors 83,839 95,905
289,382 248,303

LEXGO LIMITED (REGISTERED NUMBER: 05512395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,564 86,569
Trade creditors 34,579 22,391
Taxation and social security 224,327 51,988
Other creditors 4,834 12,467
304,304 173,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,236 44,879
Other creditors 225,000 225,000
228,236 269,879

Included within other creditors, there is a £225,000 (2023: £225,000) loan balance. The loan balance relates to an on-going case. LEXGO Ltd have been successful and will repay the loan as well as a return on their capital once they receive the funds.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 95,940 59,048

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr T C L Perry
Balance outstanding at start of year 9,204 9,204
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,204 9,204