LGC Commercial Vehicles Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01400323 (England and Wales)

Financial Statements for the Year Ended 31 July 2022

for

LGC COMMERCIAL VEHICLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs D Newman

SECRETARY:

Mr R J Kensey

REGISTERED OFFICE:

1 & 2 Studley Court Mews Studley Court

Guildford Road

Chobham

GU24 8EB

REGISTERED NUMBER:

01400323 (England and Wales)

ACCOUNTANTS:

THB LLP

1 & 2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

CURRENT ASSETS

Debtors

4

83,629

326

Cash at bank

48,834

61,056

132,463

61,382

CREDITORS

Amounts falling due within one year

5

45,302

53,974

NET CURRENT ASSETS

87,161

7,408

TOTAL ASSETS LESS CURRENT LIABILITIES

87,161

7,408

CAPITAL AND RESERVES

Called up share capital

6

5,000

5,000

Retained earnings

7

82,161

2,408

SHAREHOLDERS' FUNDS

87,161

7,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2023 and were signed by:

Mrs D Newman - Director

1.	STATUTORY INFORMATION

LGC Commercial Vehicles 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/22

31/7/21

£

£

Trade debtors

74,552

-

Other debtors

9,077

326

83,629

326

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/22

31/7/21

£

£

Trade creditors

(15,157

)

51,368

Taxation and social security

18,826

-

Other creditors

41,633

2,606

45,302

53,974

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/22

31/7/21

value:

£

£

5,000

Ordinary

1

5,000

5,000

7.

RESERVES

Retained

earnings

£

At 1 August 2021

2,408

Profit for the year

79,753

At 31 July 2022

82,161

8.	RELATED PARTY DISCLOSURES

At the end of the year the company owed an amount of £960 to its director.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Ms D Newman the director of the company.