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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,757 
2,029 
Current assets
Debtors
32,912 
15,093 
Cash at bank and in hand
2,004 
4,692 
34,916 
19,785 
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)
Capital and reserves
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
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Lazara Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers.
Depreciation
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
Deferred taxation
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.
- 3 -
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 
Additions
3,490 
- 
- 
3,490 
Disposals
- 
(5,525)
- 
(5,525)
At 31 October 2023
51,100 
- 
5,492 
56,592 
Depreciation
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 
Net book value
At 31 October 2023
2,627 
- 
130 
2,757 
At 31 October 2022
1,350 
- 
679 
2,029 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
12,570 
15,093 
Accrued income and prepayments
20,342 
- 
32,912 
15,093 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
21,730 
9,940 
Trade creditors
- 
2,074 
Taxes and social security
5,224 
4,988 
Other creditors
840 
34,898 
Accruals
2,974 
- 
30,768 
51,900 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
26,236 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
28,000 Ordinary shares of £1 each
28,000 
28,000 
- 4 -
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).
- 5 -