2023-03-012024-02-282024-02-28false09823797LAZER LIONS 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LAZER LIONS LIMITED

Registered Number
09823797
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

LAZER LIONS LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

UDDIN, Adam Rahim

Registered Address

Tyllwyn Rowbarns Way
East Horsley
Leatherhead
KT24 5RJ

Registered Number

09823797 (England and Wales)
LAZER LIONS LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,9978,701
5,9978,701
Current assets
Debtors-12,252
Cash at bank and on hand74,70051,204
74,70063,456
Creditors amounts falling due within one year4(77,181)(54,201)
Net current assets (liabilities)(2,481)9,255
Total assets less current liabilities3,51617,956
Creditors amounts falling due after one year5-(14,903)
Provisions for liabilities6(1,139)(1,653)
Net assets2,3771,400
Capital and reserves
Called up share capital101101
Profit and loss account2,2761,299
Shareholders' funds2,3771,400
The financial statements were approved and authorised for issue by the Director on 27 September 2024, and are signed on its behalf by:
UDDIN, Adam Rahim
Director
Registered Company No. 09823797
LAZER LIONS LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 March 239,59812,00082822,426
At 28 February 249,59812,00082822,426
Depreciation and impairment
At 01 March 234,8748,20364813,725
Charge for year1,5759491802,704
At 28 February 246,4499,15282816,429
Net book value
At 28 February 243,1492,848-5,997
At 28 February 234,7243,7971808,701
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables70,082-
Bank borrowings and overdrafts-8,407
Amounts owed to related parties-32,639
Taxation and social security6,61912,675
Accrued liabilities and deferred income480480
Total77,18154,201
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-14,903
Total-14,903
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,1391,653
Total1,1391,653
7.Change in reporting period and impact on comparability
The company extended the prior accounting period to 16 months for commercial reasons. As such, the prior period figures are not wholly comparable.