Company Registration No. in England and Wales
07682686
LAMPARA LIMITED
TRADING AS Q VERDE RESTAURANT
FILLETED ACCOUNTS
30 June 2023
LAMPARA LIMITED
Registered number: 07682686
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 18,667 24,890
Current assets
Stocks 5,800 4,600
Debtors 5 75,206 95,500
Cash at bank and in hand 51,423 79,329
132,429 179,429
Creditors: amounts falling due within one year 6 (75,900) (91,210)
Net current assets 56,529 88,219
Total assets less current liabilities 75,196 113,109
Creditors: amounts falling due after more than one year 7 (75,000) (112,500)
Net assets 196 609
Capital and reserves
Called up share capital 1 1
Profit and loss account 195 608
Shareholder's funds 196 609
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amir Rezaei
Director
Approved by the board on 16 November 2023
LAMPARA LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to NEST Pension are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 16,000
At 30 June 2023 16,000
Amortisation
At 1 July 2022 16,000
At 30 June 2023 16,000
Net book value
At 30 June 2023 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 61,513
At 30 June 2023 61,513
Depreciation
At 1 July 2022 36,623
Charge for the year 6,223
At 30 June 2023 42,846
Net book value
At 30 June 2023 18,667
At 30 June 2022 24,890
5 Debtors 2023 2022
£ £
Other debtors 75,206 95,500
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 40,842 45,086
Other creditors 35,058 46,124
75,900 91,210
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 75,000 112,500
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Amir Rezaei
[Loan 1] 91,500 (20,295) 71,205
91,500 - (20,295) 71,205
9 Controlling party
The ultimate controlling party is the director who owns 100% of the shares.
10 Other information
LAMPARA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
KNIGHT CHADWICK
243 Elgin Avenue
London
W9 1NJ
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