Lg Energy Group Limited in Blackpool, FY4 5PR

Description

Data updated on: 01-11-2023

07528567 is a reg. no. of Lg Energy Group Limited. It was registered as a Private Limited Company on February 14, 2011. It has existed on the market for the last 13 years. This enterprise can be reached at 4 Croft Court Whitehills Business Park in Blackpool. The headquarters' area code assigned to this location is FY4 5PR. Launched as Local Green Energy, this business used the business name up till May 16, 2013, at which point it got changed to Lg Energy Group Limited. The enterprise's SIC and NACE codes are 70229 which stands for Management consultancy activities other than financial management. The firm's most recent annual accounts describe the period up to 2022-03-31 and the most current annual confirmation statement was submitted on 2023-04-05.

Having two job announcements since 2014/12/09, the company has been a rather active employer on the job market. On 2016/05/18, it was seeking new workers for a Business Development Executive position in Blackpool, and on 2014/12/09, for the vacant position of a Executive P.A. and Office Manager in Blackpool.

Within this specific firm, a variety of director's assignments have so far been done by Linda R., Victoria R., Thomas F. and Syed R.. Amongst these four individuals, Syed R. has carried on with the firm the longest, having been a vital part of company's Management Board since 2012.

Previous company's names
Lg Energy Group Limited 2013-05-16
Local Green Energy Limited 2011-02-14

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31
Currency
Net Worth	-124	405 498	540 423	725 113	753 155

Balance Sheet
Cash Bank On Hand					28 264	529	91	7 196	27 526	78	57 994
Current Assets	64 926	507 062	1 430 725	1 871 268	2 293 801	3 093 230	4 349 829	4 891 951	5 442 446	5 663 849	6 874 157
Debtors	56 104	450 364	675 246	461 622	237 440	492 847	1 352 771	4 213 184	4 708 135	5 116 971	6 238 045
Net Assets Liabilities					753 155	916 354	1 348 498	46 965	986 043	1 376 920	1 397 559
Other Debtors									2 067 556	2 112 064	1 882 515
Property Plant Equipment					177 238	169 677	188 762	175 487	133 440	131 441	95 188
Total Inventories					2 028 097	2 599 854	2 996 967	671 571	706 785	546 800	578 118
Cash Bank In Hand	8 822	17 208	155 989	60 156	28 264
Net Assets Liabilities Including Pension Asset Liability	-124	405 498	540 423	725 113	753 155
Stocks Inventory		99 490	599 490	1 349 490	2 028 097
Tangible Fixed Assets	35 765	33 844	44 673	51 526	177 238

Capital & Reserves
Called Up Share Capital	247 547	564 594	593 441	593 441	593 441
Profit Loss Account Reserve	-247 671	-159 096	-53 018	131 672	159 714
Shareholder Funds	-124	405 498	540 423	725 113	753 155

Other Financial Data
Audit Fees Expenses										5 000	5 000
Audit-related Assurance Services Fees											450
Fees For Non-audit Services											850
Taxation Compliance Services Fees											400
Accumulated Depreciation Impairment Property Plant Equipment					49 008	83 917	122 809	169 673	216 616	256 569	297 483
Additions Other Than Through Business Combinations Property Plant Equipment										39 115	4 661
Administration Support Average Number Employees									10	10	11
Administrative Expenses									1 324 426	1 286 798	1 414 463
Amounts Owed By Related Parties									1 901 623	2 240 569	2 989 022
Amounts Owed To Related Parties											170 980
Amount Specific Bank Loan										1 681	257 911
Applicable Tax Rate									19	19	19
Average Number Employees During Period								52	58	58	71
Balances With Banks									27 526	58	57 974
Bank Borrowings											250 000
Bank Borrowings Overdrafts										-1 681
Bank Overdrafts										1 681
Cash Cash Equivalents									27 526	78	57 994
Cash On Hand										20	20
Comprehensive Income Expense									939 077	390 877	271 295
Cost Sales									1 949 583	1 980 006	2 033 391
Creditors					1 655 592	2 327 516	3 172 652	4 972 840	4 589 844	7 226	248 254
Current Tax For Period									251 309
Depreciation Expense Property Plant Equipment									46 943	39 953	40 914
Disposals Property Plant Equipment										-1 161
Finance Lease Liabilities Present Value Total									24 911	7 226	-1 746
Finance Lease Payments Owing Minimum Gross									32 137	7 226
Fixed Assets	35 765	33 844	44 673	51 526	177 238	169 677	188 762	175 487	133 440
Government Grant Income										42 747
Gross Profit Loss									2 536 777	1 566 057	1 686 318
Income From Related Parties										128 772	128 772
Increase Decrease In Current Tax From Adjustment For Prior Periods										-73 701
Increase From Depreciation Charge For Year Property Plant Equipment						34 909	38 892	46 864	46 943	39 953	40 914
Increase In Loans Owed By Related Parties Due To Loans Advanced										321 231	322 758
Increase In Loans Owed To Related Parties Due To Loans Advanced											170 980
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings									22 042	1 722
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts											146
Interest Payable Similar Charges Finance Costs									21 965	4 830	560
Loans Owed By Related Parties								1 819 984	1 819 984	2 141 215	2 463 973
Loans Owed To Related Parties											170 980
Loss On Financing Activities Due To Foreign Exchange Differences									-77	3 108	414
Net Current Assets Liabilities	-35 889	426 150	655 120	983 953	638 209	765 714	1 177 177	-80 889	852 602	1 252 705	1 550 625
Number Shares Issued Fully Paid									433 630	433 630	433 630
Other Creditors									3 338 023	2 314 795	1 011 870
Other Employee Expense									85 336	17 900	10 235
Other Operating Income Format1										42 747
Other Payables Accrued Expenses										163 251	192 975
Par Value Share			1	1	1					1	1
Payments To Related Parties									20 111	33 685	33 685
Pension Costs Defined Contribution Plan									39 888	44 412	49 437
Prepayments										78 285	1 043 398
Profit Loss									939 077	140 221	271 295
Profit Loss On Ordinary Activities Before Tax									1 190 386	317 176	271 295
Property Plant Equipment Gross Cost					226 246	253 594	311 571	345 160	350 056	388 010	392 671
Redundancy Costs									22 394
Research Development Average Number Employees									5	5
Revenue From Rendering Services										3 338 154	3 719 709
Revenue From Sale Goods									4 486 360	3 546 063
Selling Average Number Employees									43	43	60
Staff Costs Employee Benefits Expense									2 396 285	2 012 991	2 306 655
Taxation Social Security Payable									749 491	1 183 413	1 580 380
Tax Decrease From Utilisation Tax Losses											-52 116
Tax Expense Credit Applicable Tax Rate									226 173	12 639	51 546
Tax Increase Decrease Arising From Group Relief Tax Reconciliation									5 516
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit										-86 340	-9 973
Tax Increase Decrease From Effect Capital Allowances Depreciation									19 620		-1 151
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss											7 773
Tax Tax Credit On Profit Or Loss On Ordinary Activities									251 309	-73 701	-3 921
Total Additions Including From Business Combinations Property Plant Equipment						27 348	57 977	33 589	4 896
Total Assets Less Current Liabilities	-124	459 994	699 793	1 035 479	815 447	935 391	1 365 939	94 598	986 042	1 384 146	1 645 813
Total Borrowings									32 137	7 226	248 254
Total Operating Lease Payments									1 408	5 384	3 318
Trade Creditors Trade Payables									551 801	540 348	2 162 602
Trade Debtors Trade Receivables									820 565	686 053	323 110
Turnover Revenue									4 486 360	3 546 063	3 719 709
Unpaid Contributions To Pension Schemes										46 265	43 334
Wages Salaries									2 248 667	1 950 679	2 246 983
Work In Progress									706 785	546 800	578 118
Amount Specific Advance Or Credit Directors								81 609	74 005	81 609
Amount Specific Advance Or Credit Made In Period Directors									74 005
Director Remuneration									176 609	105 848	144 901
Creditors Due After One Year		54 496	159 370	310 366	62 292
Creditors Due Within One Year	100 815	80 912	775 605	887 315	1 655 592
Number Shares Allotted		564 594	593 441	593 441	593 441
Other Debtors Due After One Year					24 244
Secured Debts					102 723
Share Capital Allotted Called Up Paid		564 594	593 441	593 441	593 441
Tangible Fixed Assets Additions		4 350	18 414	17 978	148 927
Tangible Fixed Assets Cost Or Valuation	36 577	40 927	59 341	77 319	226 246
Tangible Fixed Assets Depreciation	812	7 083	14 668	25 793	49 008
Tangible Fixed Assets Depreciation Charged In Period		6 271	7 585	11 125	23 215