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Registration number: NI025655

L.G. Contracting Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 June 2025

L.G. Contracting Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 10

L.G. Contracting Ltd

Company Information

Directors | Mr Alfred Ledman Graham Mrs Elizabeth Graham

Company secretary | Mrs Elizabeth Graham

Registered office | 2 Glenavy Road Upper Ballinderry Lisburn BT28 2EU

Bankers | Bank of Ireland 1 Donegall Square South Belfast BT1 5LR

Accountants | Kennedy & Company Chartered Certified Accountants21 Kilmorey Street Newry, Co Down BT34 2DF

L.G. Contracting Ltd

(Registration number: NI025655)
Abridged Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1,467 | 2,017
Tangible assets | 5 | 240,780 | 248,573
|  | 242,247 | 250,590
Current assets |  |  |
Stocks |  | 17,904 | 21,872
Debtors |  | 120,458 | 105,773
Cash at bank and in hand |  | 134,735 | 53,614
|  | 273,097 | 181,259
Prepayments and accrued income |  | 2,899 | 8,000
Creditors: Amounts falling due within one year |  | (150,039) | (125,890)
Net current assets |  | 125,957 | 63,369
Total assets less current liabilities |  | 368,204 | 313,959
Creditors: Amounts falling due after more than one year |  | (1,601) | (11,800)
Provisions for liabilities |  | - | (55)
Accruals and deferred income |  | (10,213) | (17,592)
Net assets |  | 356,390 | 284,512
Capital and reserves |  |  |
Called up share capital | 6 | 2 | 2
Retained earnings |  | 356,388 | 284,510
Shareholders' funds |  | 356,390 | 284,512

L.G. Contracting Ltd

(Registration number: NI025655)
Abridged Balance Sheet as at 30 June 2025

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge 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 and the option not to file the profit and loss account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved and authorised by the Board on 20 March 2026 and signed on its behalf by:

............................................................
Mr Alfred Ledman Graham
Director

............................................................
Mrs Elizabeth Graham
Company secretary and director

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
2 Glenavy Road
Upper Ballinderry
Lisburn
BT28 2EU

These financial statements were authorised for issue by the Board on 20 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company.
All members have consented to the abridgement of these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of portable buildings is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the customers receipt of the goods.

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

2 | Accounting policies (continued)

Contract revenue recognition

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the estimated percentage of the job completed.
Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.
When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Interest Receivable

Interest income is recognised using the effective interest method.

Foreign currency transactions and balances

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

2 | Accounting policies (continued)

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class | Depreciation method and rate
Land and buildings | 2% Straight Line
Motor Vehicles | 25% Straight Line
Office Equipment | 25% Straight Line
Plant and Machinery | 25% Straight Line

Amortisation

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Asset class | Amortisation method and rate
Computer software | 10% Straight Line

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Trade creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

2 | Accounting policies (continued)

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Defined contribution pension obligation

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 6).

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 July 2024 | 5,500
At 30 June 2025 | 5,500
Amortisation
At 1 July 2024 | 3,483
Amortisation charge | 550
At 30 June 2025 | 4,033
Carrying amount
At 30 June 2025 | 1,467
At 30 June 2024 | 2,017

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Land and Buildings £ | Plant and Machinery £ | Office Equipment £ | Motor Vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 258,650 | 54,097 | 12,267 | 36,690 | 361,704
At 30 June 2025 | 258,650 | 54,097 | 12,267 | 36,690 | 361,704
Depreciation
At 1 July 2024 | 15,519 | 51,025 | 11,897 | 34,690 | 113,131
Charge for the year | 5,173 | 1,250 | 370 | 1,000 | 7,793
At 30 June 2025 | 20,692 | 52,275 | 12,267 | 35,690 | 120,924
Carrying amount
At 30 June 2025 | 237,958 | 1,822 | - | 1,000 | 240,780
At 30 June 2024 | 243,131 | 3,072 | 370 | 2,000 | 248,573

L.G. Contracting Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 2 | 2 | 2 | 2