Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09330793 Mr Liviu Adrian Ivaniuc iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09330793 2023-11-30 09330793 2024-11-30 09330793 2023-12-01 2024-11-30 09330793 frs-core:CurrentFinancialInstruments 2024-11-30 09330793 frs-core:Non-currentFinancialInstruments 2024-11-30 09330793 frs-core:MotorVehicles 2024-11-30 09330793 frs-core:MotorVehicles 2023-12-01 2024-11-30 09330793 frs-core:MotorVehicles 2023-11-30 09330793 frs-core:PlantMachinery 2024-11-30 09330793 frs-core:PlantMachinery 2023-12-01 2024-11-30 09330793 frs-core:PlantMachinery 2023-11-30 09330793 frs-core:ShareCapital 2024-11-30 09330793 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09330793 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09330793 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09330793 frs-bus:SmallEntities 2023-12-01 2024-11-30 09330793 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09330793 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09330793 frs-bus:Director1 2023-12-01 2024-11-30 09330793 frs-countries:EnglandWales 2023-12-01 2024-11-30 09330793 2022-11-30 09330793 2023-11-30 09330793 2022-12-01 2023-11-30 09330793 frs-core:CurrentFinancialInstruments 2023-11-30 09330793 frs-core:Non-currentFinancialInstruments 2023-11-30 09330793 frs-core:ShareCapital 2023-11-30 09330793 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09330793
LGS Motors ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09330793
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,821 33,183
61,821 33,183
CURRENT ASSETS
Stocks 5 42,500 22,500
Debtors 6 8,250 8,250
Cash at bank and in hand 31,784 54,504
82,534 85,254
Creditors: Amounts Falling Due Within One Year 7 (122,748 ) (102,267 )
NET CURRENT ASSETS (LIABILITIES) (40,214 ) (17,013 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,607 16,170
NET ASSETS 21,607 16,170
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 21,507 16,070
SHAREHOLDERS' FUNDS 21,607 16,170
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Liviu Adrian Ivaniuc
Director
15/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LGS Motors ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09330793 . The registered office is Unit 2 First Way, Wembley, Middlesex, HA9 0JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 15%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 55,126 - 55,126
Additions 37,232 6,458 43,690
As at 30 November 2024 92,358 6,458 98,816
Depreciation
As at 1 December 2023 21,943 - 21,943
Provided during the period 14,083 969 15,052
As at 30 November 2024 36,026 969 36,995
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 November 2024 56,332 5,489 61,821
As at 1 December 2023 33,183 - 33,183
5. Stocks
2024 2023
as restated
£ £
Materials 42,500 22,500
6. Debtors
2024 2023
as restated
£ £
Due after more than one year
Other debtors 8,250 8,250
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 22,952 12,811
Bank loans and overdrafts 11,777 20,238
Other taxes and social security 1,037 7,678
Other creditors 86,982 61,540
122,748 102,267
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
as restated
£ £
On equity shares:
Final dividend paid - 25,000
Paid Final Dividend to Shareholder GBP 25000
Page 3