REGISTERED NUMBER: 10648499 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

L G PROJECTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L L Gammon

Mr L R Gammon

REGISTERED OFFICE:

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

REGISTERED NUMBER:

10648499 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Intangible assets

4

1,089

2,178

Property, plant and equipment

5

3,419

4,447

4,508

6,625

CURRENT ASSETS

Inventories

8,727

12,922

Debtors

6

3,393

1,689

Cash at bank

17,020

22,165

29,140

36,776

CREDITORS

Amounts falling due within one year

7

32,821

33,252

NET CURRENT (LIABILITIES)/ASSETS

(3,681

)

3,524

TOTAL ASSETS LESS CURRENT LIABILITIES

827

10,149

CREDITORS

Amounts falling due after more than one year

8

-

(3,333

)

PROVISIONS FOR LIABILITIES

9

(649

)

(845

)

NET ASSETS

178

5,971

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

78

5,871

SHAREHOLDERS' FUNDS

178

5,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

Mr L R Gammon - Director

1.	STATUTORY INFORMATION

L G Projects 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

Revenue 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 acquision of a business, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2025

and 31 March 2026

10,892

Amortisation

At 1 April 2025

8,714

Amortisation for year

1,089

At 31 March 2026

9,803

Net book value

At 31 March 2026

1,089

At 31 March 2025

2,178

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2025

5,998

14,750

5,024

25,772

Additions

111

-

-

111

At 31 March 2026

6,109

14,750

5,024

25,883

Depreciation

At 1 April 2025

4,462

12,650

4,213

21,325

Charge for year

411

525

203

1,139

At 31 March 2026

4,873

13,175

4,416

22,464

Net book value

At 31 March 2026

1,236

1,575

608

3,419

At 31 March 2025

1,536

2,100

811

4,447

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

860

-

Prepayments and accrued income

2,533

1,689

3,393

1,689

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,334

10,000

Trade creditors

12,009

9,185

Tax

4,420

3,694

Social security and other taxes

957

445

VAT

9,594

7,562

Directors' current accounts

67

61

Accruals and deferred income

2,440

2,305

32,821

33,252

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

3,333

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

649

845

Deferred

tax

£

Balance at 1 April 2025

845

Provided during year

(196

)

Balance at 31 March 2026

649

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

80

Ordinary

£1

80

80

20

Ordinary A

£1

20

20

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2025

5,871

Profit for the year

17,007

Dividends

(22,800

)

At 31 March 2026

78