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Laldas Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Kane & Co Ltd
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the above year and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Signed
01/01/2025
Kane & Co Ltd
Chartered Certified Accountants
Office 206
141-157 Acre Lane
London
SW2 5UA
Page 1
Page 2
Balance Sheet
Registered number: 04709712
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 481,489 481,593
481,489 481,593
CURRENT ASSETS
Stocks 6 28,125 31,330
Debtors 7 256,136 146,704
Investments 8 422,454 449,258
Cash at bank and in hand 337,808 364,456
1,044,523 991,748
Creditors: Amounts Falling Due Within One Year 9 (161,041 ) (147,068 )
NET CURRENT ASSETS (LIABILITIES) 883,482 844,680
TOTAL ASSETS LESS CURRENT LIABILITIES 1,364,971 1,326,273
NET ASSETS 1,364,971 1,326,273
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 1,364,969 1,326,271
SHAREHOLDERS' FUNDS 1,364,971 1,326,273
Page 2
Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dharmendra Patel
Director
01/01/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Laldas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04709712 . The registered office is 92 Thorkhill Road, Thames Ditton, Surrey, KT7 0UQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Freehold
Fixtures & Fittings
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 4
Page 5
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 482,471
As at 31 March 2024 482,471
Amortisation
As at 1 April 2023 482,471
As at 31 March 2024 482,471
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 480,900 8,465 489,365
As at 31 March 2024 480,900 8,465 489,365
Depreciation
As at 1 April 2023 - 7,772 7,772
Provided during the period - 104 104
As at 31 March 2024 - 7,876 7,876
Net Book Value
As at 31 March 2024 480,900 589 481,489
As at 1 April 2023 480,900 693 481,593
6. Stocks
2024 2023
£ £
Stock 28,125 31,330
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,311 65,470
Prepayments and accrued income 19,750 19,750
Other debtors 10,000 10,000
VAT 161,075 51,484
256,136 146,704
8. Current Asset Investments
2024 2023
£ £
Listed investments 422,454 449,258
Page 6
Page 7
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 95,834 80,291
Corporation tax 33,039 31,358
Other taxes and social security 2,238 2,207
NHS Advance 19,774 19,774
Accruals and deferred income 10,139 13,075
Director's loan account 17 363
161,041 147,068
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 67,000 57,000
Page 7