1 July 2024 v2025.72.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP085814482024-07-012025-06-30085814482025-06-30085814482024-06-3008581448core:WithinOneYear2025-06-3008581448core:WithinOneYear2024-06-3008581448core:ShareCapital2025-06-3008581448core:ShareCapital2024-06-3008581448core:RetainedEarningsAccumulatedLosses2025-06-3008581448core:RetainedEarningsAccumulatedLosses2024-06-3008581448bus:Director12024-07-012025-06-3008581448bus:RegisteredOffice2024-07-012025-06-3008581448core:FurnitureFittings2024-07-012025-06-30085814482023-07-012024-06-3008581448core:PlantMachinery2024-07-0108581448core:PlantMachinery2024-07-012025-06-3008581448core:PlantMachinery2025-06-3008581448core:PlantMachinery2024-06-3008581448core:CostValuation2024-07-0108581448core:CostValuation2025-06-300858144812024-07-012025-06-3008581448countries:EnglandWales2024-07-012025-06-3008581448bus:AuditExemptWithAccountantsReport2024-07-012025-06-3008581448bus:PrivateLimitedCompanyLtd2024-07-012025-06-3008581448bus:SmallEntities2024-07-012025-06-3008581448bus:FullAccounts2024-07-012025-06-30
Company registration number:
08581448
LG Commercial Law Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2025
LG Commercial Law Limited
Statement of Financial Position
30 June 2025
20252024
Note££
Fixed assets    
Tangible assets 5
2,447
 
2,462
 
Investments 6
34,800
 
34,800
 
37,247
 
37,262
 
Current assets    
Debtors 7
169,611
 
189,835
 
Cash at bank and in hand
124,357
 
160,483
 
293,968
 
350,318
 
Creditors: amounts falling due within one year 8
(35,703
 )
(54,318
 )
Net current assets
258,265
 
296,000
 
Total assets less current liabilities 295,512   333,262  
Provisions for liabilities
(465
 )
(468
 )
Net assets
295,047
 
332,794
 
Capital and reserves    
Called up share capital
200
 
200
 
Profit and loss account
294,847
 
332,594
 
Shareholders funds
295,047
 
332,794
 
For the year ending
30 June 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
1 December 2025
, and are signed on behalf of the board by:
Mr Lewis Griffiths
Director
Company registration number:
08581448
LG Commercial Law Limited
Notes to the Financial Statements
Year ended
30 June 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Deansfield House
,
98 Lancaster Road
,
Newcastle
,
Staffordshire
,
ST5 1DS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2024
14,387
 
Additions
801
 
At
30 June 2025
15,188
 
Depreciation  
At
1 July 2024
11,925
 
Charge
816
 
At
30 June 2025
12,741
 
Carrying amount  
At
30 June 2025
2,447
 
At 30 June 2024
2,462
 

6 Investments

Other investments other than loans
£
Cost  
At
1 July 2024
34,800
 
At
30 June 2025
34,800
 
Impairment  
At
1 July 2024
and
30 June 2025
 -  
Carrying amount  
At
30 June 2025
34,800
 
At 30 June 2024
34,800
 

7 Debtors

20252024
££
Trade debtors
88,142
 
114,835
 
Other debtors
81,469
 
75,000
 
169,611
 
189,835
 

8 Creditors: amounts falling due within one year

20252024
££
Trade creditors
14,110
 
14,290
 
Taxation and social security
21,048
 
34,662
 
Other creditors
545
 
5,366
 
35,703
 
54,318
 

10 Controlling party

Mr L Griffiths has controlling interest due to his 100% shareholding in the company.