LSG CAPITAL PROJECTS LIMITED

LSG CAPITAL PROJECTS LIMITED

LSG CAPITAL PROJECTS LIMITED - Company Information

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1 February 2021 false No description of principal activity Taxfiler 2022.10.3 05013862business:PrivateLimitedCompanyLtd2021-02-012022-01-31 050138622021-01-31 050138622021-02-012022-01-31 05013862business:AuditExemptWithAccountantsReport2021-02-012022-01-31 05013862business:FullAccounts2021-02-012022-01-31 050138622022-01-31 05013862business:Director12021-02-012022-01-31 05013862business:RegisteredOffice2021-02-012022-01-31 050138622021-01-31 05013862core:WithinOneYear2022-01-31 05013862core:WithinOneYear2021-01-31 05013862core:AfterOneYear2022-01-31 05013862core:AfterOneYear2021-01-31 05013862core:SharePremium2022-01-31 05013862core:SharePremium2021-01-31 05013862core:RetainedEarningsAccumulatedLosses2022-01-31 05013862core:RetainedEarningsAccumulatedLosses2021-01-31 05013862business:SmallEntities2021-02-012022-01-31 05013862countries:EnglandWales2021-02-012022-01-31 05013862core:LandBuildings2021-01-31 05013862core:LandBuildings2021-02-012022-01-31 05013862core:LandBuildings2022-01-31 050138622020-02-012021-01-31 iso4217:GBP xbrli:pure
Company Registration No. 05013862 (England and Wales)
LSG CAPITAL PROJECTS LIMITED Unaudited accounts for the year ended 31 January 2022
LSG CAPITAL PROJECTS LIMITED Unaudited accounts Contents
Page
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LSG CAPITAL PROJECTS LIMITED Company Information for the year ended 31 January 2022
Director
Naresh Patel
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
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LSG CAPITAL PROJECTS LIMITED Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,461,333 
972,493 
Current assets
Debtors
5
20,676 
17,776 
Cash at bank and in hand
535 
673 
21,211 
18,449 
Creditors: amounts falling due within one year
6
(1,090,085)
(587,632)
Net current liabilities
(1,068,874)
(569,183)
Total assets less current liabilities
392,459 
403,310 
Creditors: amounts falling due after more than one year
7
(416,522)
(405,488)
Net liabilities
(24,063)
(2,178)
Capital and reserves
Share premium
2 
2 
Profit and loss account
(24,065)
(2,180)
Shareholders' funds
(24,063)
(2,178)
For the year ending 31 January 2022 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 31 October 2022 and were signed on its behalf by
Naresh Patel Director Company Registration No. 05013862
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LSG CAPITAL PROJECTS LIMITED Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 cost 
At 1 February 2021
972,493 
Additions
488,840 
At 31 January 2022
1,461,333 
Depreciation
At 31 January 2022
- 
Net book value
At 31 January 2022
1,461,333 
At 31 January 2021
972,493 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
20,676 
17,776 
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LSG CAPITAL PROJECTS LIMITED Notes to the Accounts for the year ended 31 January 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
51,168 
36,975 
Taxes and social security
(27)
350 
Other creditors
1,036,784 
549,227 
Accruals
2,160 
1,080 
1,090,085 
587,632 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
416,522 
405,488 
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)
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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