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REGISTERED NUMBER: 12378167 (England and Wales)















LAVATEL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






LAVATEL LIMITED (REGISTERED NUMBER: 12378167)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAVATEL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: S K Orisanaiye





REGISTERED OFFICE: Enterprise Hub 3m Buckley Innovation Cen
Firth Street
Huddersfield
United Kingdom
West Yorkshire
HD1 3BD





REGISTERED NUMBER: 12378167 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

LAVATEL LIMITED (REGISTERED NUMBER: 12378167)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 240 3,217

CURRENT ASSETS
Cash at bank 5,581 4,828

CREDITORS
Amounts falling due within one year 5 (50,821 ) (44,404 )
NET CURRENT LIABILITIES (45,240 ) (39,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,000

)

(36,359

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (45,100 ) (36,459 )
SHAREHOLDERS' FUNDS (45,000 ) (36,359 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





S K Orisanaiye - Director


LAVATEL LIMITED (REGISTERED NUMBER: 12378167)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Lavatel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

LAVATEL LIMITED (REGISTERED NUMBER: 12378167)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,322
DEPRECIATION
At 1 January 2023 7,105
Charge for year 2,977
At 31 December 2023 10,082
NET BOOK VALUE
At 31 December 2023 240
At 31 December 2022 3,217

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 50,821 44,404

6. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £2,016 (2022 - £2,016) were outstanding at the year end, the amounts are repayable on demand.
Creditors includes a £48,410 (2022 - £41,925) loan from Holla Tags Limited, a company owned by the director of Lavatel Limited. The loans are interest free and will be repaid when funds permit.

7. GOING CONCERN

The business is dependant on the continuing support of the director.