1 November 2022 v2024.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP122514572022-11-012023-10-31122514572023-10-31122514572022-10-3112251457core:WithinOneYear2023-10-3112251457core:WithinOneYear2022-10-3112251457core:AfterOneYear2023-10-3112251457core:AfterOneYear2022-10-3112251457core:ShareCapital2023-10-3112251457core:ShareCapital2022-10-3112251457core:RetainedEarningsAccumulatedLosses2023-10-3112251457core:RetainedEarningsAccumulatedLosses2022-10-3112251457bus:Director12022-11-012023-10-3112251457bus:RegisteredOffice2022-11-012023-10-31122514572021-11-012022-10-3112251457core:PlantMachinery2022-11-0112251457core:PlantMachinery2022-11-012023-10-3112251457core:PlantMachinery2023-10-3112251457core:PlantMachinery2022-10-311225145712022-11-012023-10-3112251457countries:EnglandWales2022-11-012023-10-3112251457bus:AuditExemptWithAccountantsReport2022-11-012023-10-3112251457bus:PrivateLimitedCompanyLtd2022-11-012023-10-3112251457bus:SmallEntities2022-11-012023-10-3112251457bus:FullAccounts2022-11-012023-10-31
Company registration number:
12251457
Lali Lifestyle Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2023
Lali Lifestyle Ltd
Report of the Accountant to the director of Lali Lifestyle Ltd
Year ended
31 October 2023
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 October 2023
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
KrusmanLtd
Date:
19 August 2024
Lali Lifestyle Ltd
Statement of Financial Position
31 October 2023
20232022
Note££
Fixed assets    
Tangible assets 5
53,151
 
79,299
 
Current assets    
Debtors 6
45,572
 
53,968
 
Cash at bank and in hand
29,421
 
29,507
 
74,993
 
83,475
 
Creditors: amounts falling due within one year 7
(84,272
)
(57,385
)
Net current (liabilities)/assets
(9,279
)
26,090
 
Total assets less current liabilities 43,872   105,389  
Creditors: amounts falling due after more than one year 8
(65,500
)
(131,000
)
Net liabilities
(21,628
)
(25,611
)
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
(21,638
)
(25,621
)
Shareholders deficit
(21,628
)
(25,611
)
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 August 2024
, and are signed on behalf of the board by:
Mr L Lebedevas
Director
Company registration number:
12251457
Lali Lifestyle Ltd
Notes to the Financial Statements
Year ended
31 October 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Orbis Wharf
,
Bridges Court Road
,
London
,
SW11 3GW
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
14
(2022:
10.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2022
106,099
 
Additions
453
 
At
31 October 2023
106,552
 
Depreciation  
At
1 November 2022
26,800
 
Charge
26,601
 
At
31 October 2023
53,401
 
Carrying amount  
At
31 October 2023
53,151
 
At 31 October 2022
79,299
 

6 Debtors

20232022
££
Trade debtors
4,881
 
4,437
 
Other debtors
40,691
 
49,531
 
45,572
 
53,968
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
536
 
6,865
 
Taxation and social security
81,162
 
36,837
 
Other creditors
2,574
 
13,683
 
84,272
 
57,385
 

8 Creditors: amounts falling due after more than one year

20232022
££
Other creditors
65,500
 
131,000