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LASO LIMITED




Company Registration Number:
06397612 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st November 2009

End date: 31st October 2010

SUBMITTED

LASO LIMITED

Company Information
for the Period Ended
31st October 2010




Director: J Omolaso
Company secretary: M Omolaso
Registered office: 9 Kincaid Road
London
SE15 5UN
Company Registration Number: 06397612 (England and Wales)

LASO LIMITED

Abbreviated Balance sheet
As at 31st October 2010

Notes 2010
£
2009
£
Current assets
Debtors: 84 84
Cash at bank and in hand: 2,625 403
Total current assets: 2,709 487
Creditors
Net current assets (liabilities): 2,709 487
Total assets less current liabilities: 2,709 487
Provision for liabilities: 910 910.
Total net assets (liabilities): 1,799 ( 423 )

The notes form part of these financial statements

LASO LIMITED

Abbreviated Balance sheet
As at 31st October 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 2 1 1
Profit and Loss account: 1,798 ( 424 )
Total shareholders funds: 1,799 ( 423 )

For the year ending 31 October 2010 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 26 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: J Omolaso
Status: Director

The notes form part of these financial statements

LASO LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st October 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared under the historic cost convention and incorporate the results of the principal activity which is described in the director's report and which is continuing. The company’s principal activity is exposed to inherent uncertainties and global market fluctuations beyond the control of the company’s management. The company meets its working capital requirements from its day to day activities in this market place and the director considers that the company will continue to operate on this basis and that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a downturn in the market in which it operates. The company has taken advantage of the exemption in Financial Reporting Standard number 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

    Turnover policy

    Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

  • 2. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1