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REGISTERED NUMBER: 13968819 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31 December 2023

for

Laksen Sporting UK Ltd

Laksen Sporting UK Ltd (Registered number: 13968819)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Other Comprehensive Income 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Laksen Sporting UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L T Thomsen





REGISTERED OFFICE: Krogh & Partners Ltd
Salisbury House, 5th Floor
London Wall
London
EC2M 5QQ





REGISTERED NUMBER: 13968819 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

Laksen Sporting UK Ltd (Registered number: 13968819)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of trading outdoor clothing and accessories.

DIRECTOR
L T Thomsen held office during the whole of the period from 1 January 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L T Thomsen - Director


18 September 2024

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Laksen Sporting UK Ltd (Registered number: 13968819)


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laksen Sporting UK Ltd for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Laksen Sporting UK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Laksen Sporting UK Ltd and state those matters that we have agreed to state to the director of Laksen Sporting UK Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laksen Sporting UK Ltd and its director for our work or for this report.

It is your duty to ensure that Laksen Sporting UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Laksen Sporting UK Ltd. You consider that Laksen Sporting UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Laksen Sporting UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


18 September 2024

Laksen Sporting UK Ltd (Registered number: 13968819)

Income Statement
for the Year Ended 31 December 2023

Period
10.3.22
Year Ended to
31.12.23 31.12.22
Notes £    £   

TURNOVER 724,016 752,505

Cost of sales 722,929 691,983
GROSS PROFIT 1,087 60,522

Administrative expenses 91,491 14,625
OPERATING (LOSS)/PROFIT (90,404 ) 45,897


Interest payable and similar expenses 19 -
(LOSS)/PROFIT BEFORE TAXATION (90,423 ) 45,897

Tax on (loss)/profit 4 (8,721 ) 8,721
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(81,702

)

37,176

Laksen Sporting UK Ltd (Registered number: 13968819)

Other Comprehensive Income
for the Year Ended 31 December 2023

Period
10.3.22
Year Ended to
31.12.23 31.12.22
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (81,702 ) 37,176


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(81,702

)

37,176

Laksen Sporting UK Ltd (Registered number: 13968819)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 266,404 257,819
Cash at bank 39,471 128,886
305,875 386,705
CREDITORS
Amounts falling due within one year 6 350,400 349,528
NET CURRENT (LIABILITIES)/ASSETS (44,525 ) 37,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,525

)

37,177

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (44,526 ) 37,176
SHAREHOLDERS' FUNDS (44,525 ) 37,177

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





L T Thomsen - Director


Laksen Sporting UK Ltd (Registered number: 13968819)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 1 - 1
Total comprehensive income - 37,176 37,176
Balance at 31 December 2022 1 37,176 37,177

Changes in equity
Total comprehensive income - (81,702 ) (81,702 )
Balance at 31 December 2023 1 (44,526 ) (44,525 )

Laksen Sporting UK Ltd (Registered number: 13968819)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Laksen Sporting UK Ltd 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.

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.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows.

A summary and the more important accounting policies, which have been applied consistently, is set out below:

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currencies
Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. All other exchange rate differences are dealt with through the profit and loss account.

Debtors
Debtors are recorded according to individual assessments of each debtor engagement so that ascertained and expected losses have been written off.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortised cost.

Taxation
Current tax and deferred taxation, including UK Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation is provided in full on an undiscounted basis, on all timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Laksen Sporting UK Ltd (Registered number: 13968819)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
Period
10.3.22
Year Ended to
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax (8,721 ) 8,721
Tax on (loss)/profit (8,721 ) 8,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 257,683 257,819
Tax 8,721 -
266,404 257,819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 311,174 259,012
Tax - 8,721
Social security and other taxes - 1,061
VAT 38,616 77,116
Other creditors 110 3,618
Accruals and deferred income 500 -
350,400 349,528

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1