1 January 2024 false No description of principal activity Taxfiler 2024.6 13776522 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13776522 2023-12-31 13776522 2024-01-01 2024-12-31 13776522 business:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13776522 business:FilletedAccounts 2024-01-01 2024-12-31 13776522 2024-12-31 13776522 business:Director1 2024-01-01 2024-12-31 13776522 business:RegisteredOffice 2024-01-01 2024-12-31 13776522 2023-12-31 13776522 core:WithinOneYear 2024-12-31 13776522 core:WithinOneYear 2023-12-31 13776522 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 13776522 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 13776522 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 13776522 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 13776522 core:PreviouslyStatedAmount 2024-12-31 13776522 core:PreviouslyStatedAmount 2023-12-31 13776522 business:SmallEntities 2024-01-01 2024-12-31 13776522 countries:EnglandWales 2024-01-01 2024-12-31 13776522 core:PlantMachinery 2023-12-31 13776522 core:ComputerEquipment 2023-12-31 13776522 core:PlantMachinery 2024-01-01 2024-12-31 13776522 core:ComputerEquipment 2024-01-01 2024-12-31 13776522 core:PlantMachinery 2024-12-31 13776522 core:ComputerEquipment 2024-12-31 13776522 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13776522 (England and Wales)
Lgg Trading Ltd Unaudited accounts for the year ended 31 December 2024
Lgg Trading Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lgg Trading Ltd Company Information for the year ended 31 December 2024
Director
George Robinson
Company Number
13776522 (England and Wales)
Registered Office
3rd Floor, 86-90 Paul Street London EC2A 4NE England
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Lgg Trading Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
3,886
2,719
Current assets
Debtors
5
31,232
29,419
Cash at bank and in hand
63,804
203,757
95,036
233,176
Creditors: amounts falling due within one year
6
(169,844)
(137,048)
Net current (liabilities)/assets
(74,808)
96,128
Net (liabilities)/assets
(70,922)
98,847
Capital and reserves
Called up share capital
100
100
Profit and loss account
(71,022)
98,747
Shareholders' funds
(70,922)
98,847
For the year ending 31 December 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 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 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 7 November 2025 and were signed on its behalf by
George Robinson Director Company Registration No. 13776522
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Lgg Trading Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lgg Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 13776522. The registered office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE, 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Lgg Trading Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
855
2,166
3,021
Additions
1,587
490
2,077
At 31 December 2024
2,442
2,656
5,098
Depreciation
At 1 January 2024
85
217
302
Charge for the year
436
474
910
At 31 December 2024
521
691
1,212
Net book value
At 31 December 2024
1,921
1,965
3,886
At 31 December 2023
770
1,949
2,719
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
27,932
-
Other debtors
3,300
29,419
31,232
29,419
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
93,177
47,477
Taxes and social security
67,331
78,010
Other creditors
1,800
2,494
Loans from directors
7,536
6,019
Accruals
-
3,048
169,844
137,048
7
Average number of employees
During the year the average number of employees was 2 (2023: 6).
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