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REGISTERED NUMBER: 01545370 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 JUNE 2023 TO 27 JUNE 2024

FOR

LSG (EUROPE) LIMITED

LSG (EUROPE) LIMITED (REGISTERED NUMBER: 01545370)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JUNE 2023 TO 27 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LSG (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 JUNE 2023 TO 27 JUNE 2024







DIRECTORS: Executive One Limited
M J Wadham
G G Rodgers





SECRETARY: LSG Registrars





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 01545370 (England and Wales)





ACCOUNTANTS: Watson Associates
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

LSG (EUROPE) LIMITED (REGISTERED NUMBER: 01545370)

BALANCE SHEET
27 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 230,243 146,845

CURRENT ASSETS
Stocks 7,172 9,014
Debtors 5 256,218 352,922
Cash at bank 70,569 227,579
333,959 589,515
CREDITORS
Amounts falling due within one year 6 (328,922 ) (406,518 )
NET CURRENT ASSETS 5,037 182,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,280

329,842

CAPITAL AND RESERVES
Called up share capital 1,800 1,800
Retained earnings 233,480 328,042
SHAREHOLDERS' FUNDS 235,280 329,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 June 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Executive One Limited - Director


LSG (EUROPE) LIMITED (REGISTERED NUMBER: 01545370)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JUNE 2023 TO 27 JUNE 2024

1. STATUTORY INFORMATION

LSG (Europe) 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 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.

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

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.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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.


LSG (EUROPE) LIMITED (REGISTERED NUMBER: 01545370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JUNE 2023 TO 27 JUNE 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 June 2023 640,032
Additions 102,896
At 27 June 2024 742,928
DEPRECIATION
At 29 June 2023 493,187
Charge for period 19,498
At 27 June 2024 512,685
NET BOOK VALUE
At 27 June 2024 230,243
At 28 June 2023 146,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,437 339,056
Unamortised HPI 27,781 13,866
256,218 352,922

LSG (EUROPE) LIMITED (REGISTERED NUMBER: 01545370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JUNE 2023 TO 27 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 66,784 256,379
Hire purchase contracts 143,022 31,876
Trade creditors 74,178 82,327
Tax 20,388 24,261
Social security and other taxes 14,260 11,675
HPI clearing 10,290 -
328,922 406,518