Company Registration No. 06707538 (England and Wales)
Lazara Ltd
Unaudited accounts
for the year ended 31 October 2023
Lazara Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
2,757
2,029
Cash at bank and in hand
2,004
4,692
Creditors: amounts falling due within one year
(30,768)
(51,900)
Net current assets/(liabilities)
4,148
(32,115)
Total assets less current liabilities
6,905
(30,086)
Creditors: amounts falling due after more than one year
(26,236)
-
Net liabilities
(19,331)
(30,086)
Called up share capital
28,000
28,000
Profit and loss account
(47,331)
(58,086)
Shareholders' funds
(19,331)
(30,086)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr Mohideen Mir
Director
Company Registration No. 06707538
Lazara Ltd
Notes to the Accounts
for the year ended 31 October 2023
Lazara Ltd is a private company, limited by shares, registered in England and Wales, registration number 06707538. The registered office is 62 Dronfield Street, Leicester, LE5 5AT.
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 value added tax, of work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Computer equipment
25% straight line
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Lazara Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
47,610
5,525
5,492
58,627
Disposals
-
(5,525)
-
(5,525)
At 31 October 2023
51,100
-
5,492
56,592
At 1 November 2022
46,260
5,525
4,813
56,598
Charge for the year
2,213
-
549
2,762
On disposals
-
(5,525)
-
(5,525)
At 31 October 2023
48,473
-
5,362
53,835
At 31 October 2023
2,627
-
130
2,757
At 31 October 2022
1,350
-
679
2,029
Amounts falling due within one year
Deferred tax asset
12,570
15,093
Accrued income and prepayments
20,342
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,730
9,940
Taxes and social security
5,224
4,988
Other creditors
840
34,898
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
28,000 Ordinary shares of £1 each
28,000
28,000
Lazara Ltd
Notes to the Accounts
for the year ended 31 October 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).