LARA SEARCH LIMITED

Company Registration Number:
12442748 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

LARA SEARCH LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

LARA SEARCH LIMITED

Company Information

for the Period Ended 29 February 2024




Director: Lawrence Akinsola
Registered office: 18
Soho Square
London
England
W1D 3QL
Company Registration Number: 12442748 (England and Wales)

LARA SEARCH LIMITED

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

The company's principal activity during the year continued to be other activities of employment placement agencies.

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Lawrence Akinsola

This report was approved by the board of directors on 10 September 2024
And Signed On Behalf Of The Board By:

Name: Lawrence Akinsola
Status: Director

LARA SEARCH LIMITED

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 1,297,513 984,678
Cost of sales ( 968,374 ) ( 714,987 )
Gross Profit or (Loss) 329,139 269,691
Administrative Expenses ( 304,402 ) ( 314,861 )
Operating Profit or (Loss) 24,737 ( 45,170 )
Profit or (Loss) Before Tax 24,737 ( 45,170 )
Profit or (Loss) for Period 24,737 ( 45,170 )

The notes form part of these financial statements

LARA SEARCH LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 56,949
Cash at bank and in hand: 24,569 3,075
Total current assets: 81,518 3,075
Creditors: amounts falling due within one year: 5 ( 83,492 ) ( 29,786 )
Net current assets (liabilities): ( 1,974 ) ( 26,711 )
Total assets less current liabilities: ( 1,974 ) ( 26,711 )
Total net assets (liabilities): ( 1,974 ) ( 26,711 )

The notes form part of these financial statements

LARA SEARCH LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 1,975 ) ( 26,712 )
Shareholders funds: ( 1,974 ) ( 26,711 )

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 10 September 2024
And Signed On Behalf Of The Board By:

Name: Lawrence Akinsola
Status: Director

The notes form part of these financial statements

LARA SEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

LARA SEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 9 9

LARA SEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

LARA SEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors


2024
£

2023
£
Trade debtors 56,949
Total 56,949

LARA SEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 604
Trade creditors 59,421 29,786
Taxation and social security 14,978
Other creditors 8,489
Total 83,492 29,786