Company Registration No. 05013862 (England and Wales)
LSG CAPITAL PROJECTS LIMITED
Unaudited accounts
for the year ended 31 January 2023
LSG CAPITAL PROJECTS LIMITED
Unaudited accounts
Contents
LSG CAPITAL PROJECTS LIMITED
Company Information
for the year ended 31 January 2023
Company Number
05013862 (England and Wales)
Registered Office
3RD FLOOR VYMAN HOUSE
104 COLLEGE ROAD
HARROW
MIDDLESEX
HA1 1BQ
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
LSG CAPITAL PROJECTS LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
3,132,426
1,461,333
Cash at bank and in hand
277
535
Creditors: amounts falling due within one year
(1,240,779)
(1,090,085)
Net current liabilities
(1,149,663)
(1,068,874)
Total assets less current liabilities
1,982,763
392,459
Creditors: amounts falling due after more than one year
(392,567)
(416,522)
Net assets/(liabilities)
1,590,196
(24,063)
Revaluation reserve
1,650,000
-
Profit and loss account
(59,806)
(24,065)
Shareholders' funds
1,590,196
(24,063)
For the year ending 31 January 2023 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 19 October 2023 and were signed on its behalf by
Naresh Patel
Director
Company Registration No. 05013862
LSG CAPITAL PROJECTS LIMITED
Notes to the Accounts
for the year ended 31 January 2023
LSG CAPITAL PROJECTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05013862. The registered office is 3RD FLOOR VYMAN HOUSE, 104 COLLEGE ROAD, HARROW, MIDDLESEX, HA1 1BQ.
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.
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:
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 1 February 2022
1,461,333
At 31 January 2023
3,132,426
At 31 January 2023
3,132,426
At 31 January 2022
1,461,333
Amounts falling due within one year
Other debtors
90,839
20,676
LSG CAPITAL PROJECTS LIMITED
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
49,418
51,168
Taxes and social security
73
(27)
Other creditors
1,189,278
1,036,784
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
392,567
416,522
8
Transactions with related parties
The company was under the control of Mr N R patel throughout the current and previous year.Mr N R Patel is the managing director and majority shareholder.
At the year end company owes the director Mr N R Patel of 68,413 (2020 : 67,889)
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Average number of employees
During the year the average number of employees was 0 (2022: 0).