Company Registration No. 15861580 (England and Wales)
LG Wellness Limited
Unaudited accounts
for the period from 27 July 2024 to 31 July 2025
LG Wellness Limited
Unaudited accounts
Contents
LG Wellness Limited
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
34,500
Creditors: amounts falling due within one year
(426,625)
Net current liabilities
(341,909)
Profit and loss account
(105,726)
Shareholders' funds
(105,725)
For the period ending 31 July 2025 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 her 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 21 April 2026 and were signed on its behalf by
Laura Gale
Director
Company Registration No. 15861580
LG Wellness Limited
Notes to the Accounts
for the period from 27 July 2024 to 31 July 2025
LG Wellness Limited is a private company, limited by shares, registered in England and Wales, registration number 15861580. The registered office is 18 Kimberley Avenue, London, London, SE15 3XJ, England.
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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.
These financial statements for the period from 27 July 2024 to 31 July 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 27 July 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
25% SLM
LG Wellness Limited
Notes to the Accounts
for the period from 27 July 2024 to 31 July 2025
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
Additions
212,564
16,244
86,104
314,912
At 31 July 2025
212,564
16,244
86,104
314,912
Charge for the period
53,141
4,061
21,526
78,728
At 31 July 2025
53,141
4,061
21,526
78,728
At 31 July 2025
159,423
12,183
64,578
236,184
Amounts falling due within one year
Accrued income and prepayments
1,268
6
Creditors: amounts falling due within one year
2025
Loans from directors
395,603
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Average number of employees
During the period the average number of employees was 1.