Company Registration No. 13671628 (England and Wales)
LG Vision Limited
Unaudited accounts
for the year ended 31 October 2025
LG Vision Limited
Unaudited accounts
Contents
LG Vision Limited
Company Information
for the year ended 31 October 2025
Director
Liam Edward Gibson
Company Number
13671628 (England and Wales)
Registered Office
2 Cheddar Close
Southampton
SO19 2EZ
England
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
LG Vision Limited
Statement of financial position
as at 31 October 2025
Intangible assets
6,600
7,700
Tangible assets
8,390
10,104
Cash at bank and in hand
3,428
11,579
Creditors: amounts falling due within one year
(62,872)
(61,598)
Net current liabilities
(52,605)
(17,789)
Net (liabilities)/assets
(37,615)
15
Called up share capital
1
1
Profit and loss account
(37,616)
14
Shareholders' funds
(37,615)
15
For the year ending 31 October 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 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 3 June 2026 and were signed on its behalf by
Liam Edward Gibson
Director
Company Registration No. 13671628
LG Vision Limited
Notes to the Accounts
for the year ended 31 October 2025
LG Vision Limited is a private company, limited by shares, registered in England and Wales, registration number 13671628. The registered office is 2 Cheddar Close, Southampton, SO19 2EZ, 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 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:
Plant & machinery
15% Reducing balance method
Computer equipment
33.33% Reducing balance method
Intangible fixed assets (including goodwill and patents) are included at cost less accumulated amortisation. These are amortised over their useful life which is 10 years on a straigh line basis
At the balance sheet date the companies liabilities exceeded it's assets and it's ability to trade is dependent on the financial support of the current directors and shareholders. Such financial support will continue to be made and these accounts have been prepared on the basis that the company will continue to trade normally.
LG Vision Limited
Notes to the Accounts
for the year ended 31 October 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
14,690
1,767
16,457
At 31 October 2025
14,690
1,767
16,457
At 1 November 2024
5,668
685
6,353
Charge for the year
1,353
361
1,714
At 31 October 2025
7,021
1,046
8,067
At 31 October 2025
7,669
721
8,390
At 31 October 2024
9,022
1,082
10,104
Amounts falling due within one year
Trade debtors
6,839
20,255
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
272
1,074
Other creditors
1,999
1,921
Loans from directors
58,538
54,362
LG Vision Limited
Notes to the Accounts
for the year ended 31 October 2025
During the year the company maintained a loan account with its director Mr Liam Edward Gibson. As at the year end date the company owed its director Mr Liam Edward Gibson £58,538 (2024 - £54,362).
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).