Acorah Software Products - Accounts Production 16.5.460 false true 31 July 2024 20 July 2023 false 1 August 2024 31 July 2025 31 July 2025 15015674 Mr George Dogaru iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15015674 2024-07-31 15015674 2025-07-31 15015674 2024-08-01 2025-07-31 15015674 frs-core:CurrentFinancialInstruments 2025-07-31 15015674 frs-core:Non-currentFinancialInstruments 2025-07-31 15015674 frs-core:MotorVehicles 2025-07-31 15015674 frs-core:MotorVehicles 2024-08-01 2025-07-31 15015674 frs-core:MotorVehicles 2024-07-31 15015674 frs-core:ShareCapital 2025-07-31 15015674 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 15015674 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 15015674 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 15015674 frs-bus:SmallEntities 2024-08-01 2025-07-31 15015674 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 15015674 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 15015674 frs-bus:Director1 2024-08-01 2025-07-31 15015674 frs-countries:EnglandWales 2024-08-01 2025-07-31 15015674 2023-07-19 15015674 2024-07-31 15015674 2023-07-20 2024-07-31 15015674 frs-core:CurrentFinancialInstruments 2024-07-31 15015674 frs-core:Non-currentFinancialInstruments 2024-07-31 15015674 frs-core:ShareCapital 2024-07-31 15015674 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 15015674
LGD Executive Cars Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
GC Accountancy Management Service Ltd
c/o GCAMS, Jubilee House
3 The Drive
Great Warley
Essex
CM13 3FR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15015674
31 July 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,249 3,636
34,249 3,636
CURRENT ASSETS
Cash at bank and in hand 2,697 4,008
2,697 4,008
Creditors: Amounts Falling Due Within One Year 5 (23,668 ) (13,009 )
NET CURRENT ASSETS (LIABILITIES) (20,971 ) (9,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,278 (5,365 )
Creditors: Amounts Falling Due After More Than One Year 6 (16,107 ) -
NET LIABILITIES (2,829 ) (5,365 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (2,830 ) (5,366 )
SHAREHOLDERS' FUNDS (2,829) (5,365)
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For the year ending 31 July 2025 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 George Dogaru
Director
05/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
LGD Executive Cars Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15015674 . The registered office is Apartment 3 9-11 High Street, Brentwood, Essex, CM14 4RG.
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:
Motor Vehicles 25% Reducing Balance Method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2024 4,000
Additions 42,030
As at 31 July 2025 46,030
Depreciation
As at 1 August 2024 364
Provided during the period 11,417
As at 31 July 2025 11,781
Net Book Value
As at 31 July 2025 34,249
As at 1 August 2024 3,636
5. Creditors: Amounts Falling Due Within One Year
31 July 2025 31 July 2024
£ £
Trade creditors - 1
Other loans 8,406 -
Corporation tax 2,471 -
Accruals and deferred income 525 500
Director's loan account 12,266 12,508
23,668 13,009
6. Creditors: Amounts Falling Due After More Than One Year
31 July 2025 31 July 2024
£ £
Bank loans 16,107 -
7. Share Capital
31 July 2025 31 July 2024
£ £
Allotted, Called up and fully paid 1 1
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