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
Lgg Trading Ltd
Company Information
for the year ended 31 December 2024
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
Lgg Trading Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,886
2,719
Cash at bank and in hand
63,804
203,757
Creditors: amounts falling due within one year
(169,844)
(137,048)
Net current (liabilities)/assets
(74,808)
96,128
Net (liabilities)/assets
(70,922)
98,847
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
Lgg Trading Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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
At 31 December 2024
2,442
2,656
5,098
At 1 January 2024
85
217
302
Charge for the year
436
474
910
At 31 December 2024
521
691
1,212
At 31 December 2024
1,921
1,965
3,886
At 31 December 2023
770
1,949
2,719
Amounts falling due within one year
Amounts due from group undertakings etc.
27,932
-
Other debtors
3,300
29,419
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
67,331
78,010
Other creditors
1,800
2,494
Loans from directors
7,536
6,019
7
Average number of employees
During the year the average number of employees was 2 (2023: 6).