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Registered Number: 10525320
England and Wales

 

 

 

LAZER DRY CLEANERS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 3 36,000    36,000 
Tangible fixed assets 4 20,806    24,665 
56,806    60,665 
Current assets      
Debtors 6,000    6,000 
Cash at bank and in hand 2,576    1,706 
8,576    7,706 
Creditors: amount falling due within one year (67,159)   (60,395)
Net current liabilities (58,583)   (52,689)
 
Total assets less current liabilities (1,777)   7,976 
Creditors: amount falling due after more than one year (6,982)   (17,271)
Net liabilities (8,759)   (9,295)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (8,859)   (9,395)
Shareholder's funds (8,759)   (9,295)
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 September 2023 and were signed by:


-------------------------------
Malik Aqib Mehmood
Director
1
General Information
LAZER DRY CLEANERS LTD is a private company, limited by shares, registered in England and Wales, registration number 10525320, registration address 86 Rotherhithe New Road, Rotherithe, London, SE16 2AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 18% Reducing Balance
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Computer Equipment 18% Reducing Balance
Improvements to property 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2022 36,000    36,000 
Additions  
Disposals  
At 31 December 2022 36,000    36,000 
Amortisation
At 01 January 2022  
Charge for year  
On disposals  
At 31 December 2022  
Net book values
At 31 December 2022 36,000    36,000 
At 31 December 2021 36,000    36,000 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £   £   £
At 01 January 2022 500    31,153    8,874    8,836    220    3,012    52,595 
Additions         600      600 
Disposals            
At 31 December 2022 500    31,153    8,874    8,836    820    3,012    53,195 
Depreciation
At 01 January 2022   17,116    3,981    4,800    138    1,895    27,930 
Charge for year   2,527    881    727    123    201    4,459 
On disposals            
At 31 December 2022   19,643    4,862    5,527    261    2,096    32,389 
Net book values
Closing balance as at 31 December 2022 500    11,510    4,012    3,309    559    916    20,806 
Opening balance as at 01 January 2022 500    14,037    4,893    4,036    82    1,117    24,665 


5.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

2