REGISTERED NUMBER: 04656366 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

L.G.CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L Gerrard

SECRETARY:

Mrs M M Gerrard

REGISTERED OFFICE:

20 Trueman Green

Maltby

ROTHERHAM

South Yorkshire

S66 8QR

REGISTERED NUMBER:

04656366 (England and Wales)

ACCOUNTANTS:

Shucksmith Accountants (Gainsborough) Limited

94-96 Oswald Road

SCUNTHORPE

North Lincolnshire

DN15 7PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,988

28,975

18,988

28,975

CURRENT ASSETS

Debtors

6

993

2,060

Cash at bank

7,031

15,595

8,024

17,655

CREDITORS

Amounts falling due within one year

7

11,771

8,877

NET CURRENT (LIABILITIES)/ASSETS

(3,747

)

8,778

TOTAL ASSETS LESS CURRENT LIABILITIES

15,241

37,753

CREDITORS

Amounts falling due after more than one year

8

(8,258

)

(11,879

)

PROVISIONS FOR LIABILITIES

11

(2,315

)

(4,738

)

NET ASSETS

4,668

21,136

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

4,568

21,036

SHAREHOLDERS' FUNDS

4,668

21,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

Mr L Gerrard - Director

1.	STATUTORY INFORMATION

L.G.Construction 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

This amount has now been fully written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year 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.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

7,800

AMORTISATION

At 1 April 2024

and 31 March 2025

7,800

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

458

37,970

5,783

44,211

DEPRECIATION

At 1 April 2024

456

9,492

5,288

15,236

Charge for year

2

9,492

493

9,987

At 31 March 2025

458

18,984

5,781

25,223

NET BOOK VALUE

At 31 March 2025

-

18,986

2

18,988

At 31 March 2024

2

28,478

495

28,975

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

780

Tax

768

768

Prepayments

225

512

993

2,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

3,620

3,122

Social security and other taxes

465

465

VAT

5,769

1,239

Other creditors

310

287

Directors' current accounts

905

2,966

Accrued expenses

702

798

11,771

8,877

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

8,258

11,879

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

3,620

3,122

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,843

3,620

Amounts falling due between two and five years:

Bank loans - 2-5 years

4,415

8,259

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

11,878

15,001

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

2,315

4,738

Deferred

tax

£

Balance at 1 April 2024

4,738

Accelerated capital allowances

(1,899

)

Tax losses

(524

)

Balance at 31 March 2025

2,315

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 April 2024

21,036

Deficit for the year

(10,468

)

Dividends

(6,000

)

At 31 March 2025

4,568

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr L Gerrard

Balance outstanding at start of year

-

(882

)

Amounts advanced

-

882

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above balance has been repaid since the year end.

During the year Mr L Gerrard - the sole director and 100% shareholder - charged the company £312 for use of home as office (2024 - £312).

15.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2024 - £1,000) were paid to the director .

At 31 March 2025 there was a balance owed by the company to Mr L Gerrard - the sole director and 100% shareholder - of £906 (2024 - £2,966). This balance has been shown in Creditors.