Company Registration No. 05939688 (England and Wales)
Lava Marketing Communications Ltd
Unaudited accounts
for the year ended 30 September 2023
Lava Marketing Communications Ltd
Unaudited accounts
Contents
Lava Marketing Communications Ltd
Company Information
for the year ended 30 September 2023
Directors
M Hammerton
K Hammerton
Company Number
05939688 (England and Wales)
Registered Office
11 MARTIN CLOSE
HEIGHINGTON
LINCOLN
LN4 1RL
Lava Marketing Communications Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
5,759
7,687
Cash at bank and in hand
15,597
11,559
Creditors: amounts falling due within one year
(16,172)
(16,888)
Net current assets
11,408
8,477
Total assets less current liabilities
17,167
16,164
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
16,545
15,367
Shareholders' funds
16,645
15,467
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2024 and were signed on its behalf by
M Hammerton
Director
Company Registration No. 05939688
Lava Marketing Communications Ltd
Notes to the Accounts
for the year ended 30 September 2023
Lava Marketing Communications Ltd is a private company, limited by shares, registered in England and Wales, registration number 05939688. The registered office is 11 MARTIN CLOSE, HEIGHINGTON, LINCOLN, LN4 1RL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Lava Marketing Communications Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
23,709
983
24,030
48,722
At 30 September 2023
23,709
983
24,030
48,722
At 1 October 2022
16,989
808
23,238
41,035
Charge for the year
3,556
44
(1,672)
1,928
At 30 September 2023
20,545
852
21,566
42,963
At 30 September 2023
3,164
131
2,464
5,759
At 30 September 2022
6,720
175
792
7,687
Amounts falling due within one year
Trade debtors
9,799
10,385
Accrued income and prepayments
2,184
3,421
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,284
1,016
Taxes and social security
10,350
8,010
Loans from directors
3,863
7,187
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company operates a defined contribution scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £2,400 ( 2022: £2,400 ).
9
Operating lease commitments
2023
2022
At 30 September 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
11,919
17,641
Lava Marketing Communications Ltd
Notes to the Accounts
for the year ended 30 September 2023
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).