Company Registration No. 13896738 (England and Wales)
Lazer Ltd
Unaudited accounts
for the year ended 29 February 2024
Lazer Ltd
Unaudited accounts
Contents
Lazer Ltd
Company Information
for the year ended 29 February 2024
Company Number
13896738 (England and Wales)
Registered Office
150 Holmleigh Road
London
N16 5PY
England
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Lazer Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
1,480,427
1,480,427
Cash at bank and in hand
3,487
2,482
Creditors: amounts falling due within one year
(608,932)
(611,212)
Net current liabilities
(605,445)
(608,730)
Total assets less current liabilities
874,982
871,697
Creditors: amounts falling due after more than one year
(879,822)
(879,768)
Net liabilities
(4,840)
(8,071)
Called up share capital
2
2
Profit and loss account
(4,842)
(8,073)
Shareholders' funds
(4,840)
(8,071)
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Joseph Padwa
Director
Company Registration No. 13896738
Lazer Ltd
Notes to the Accounts
for the year ended 29 February 2024
Lazer Ltd is a private company, limited by shares, registered in England and Wales, registration number 13896738. The registered office is 150 Holmleigh Road, London, N16 5PY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
4
Tangible fixed assets
Land & buildings
At 29 February 2024
1,480,427
At 29 February 2024
1,480,427
At 28 February 2023
1,480,427
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
29,250
49,250
Loans from directors
578,242
561,242
Lazer Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
879,822
879,768
7
Transactions with related parties
The company was under the control of Mr. Joseph Padwa throughout the current period. Mr Joseph Padwa is interested in 50% of the company's issue share capital. Mrs. Ruth Padwa is interested in 50% of the company's issued share capital.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).