LAALA'S DISTRIBUTION LTD
Registered number: 11926137
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 28,000 28,000
Tangible assets 4 49,433 58,156
77,433 86,156
Current assets
Stocks 18,338 20,715
Debtors 5 8,500 8,500
Cash at bank and in hand 1,843 3,082
28,681 32,297
Creditors: amounts falling due within one year 6 - 851
Net current assets 28,681 33,148
Total assets less current liabilities 106,114 119,304
Creditors: amounts falling due after more than one year 7 (178,867) (172,094)
Net liabilities (72,753) (52,790)
Capital and reserves
Called up share capital 1 1
Profit and loss account (72,754) (52,791)
Shareholders' funds (72,753) (52,790)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs V Uthayanan
Director
Approved by the board on 22 January 2025
LAALA'S DISTRIBUTION LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 28,000
At 30 April 2024 28,000
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 28,000
At 30 April 2023 28,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 61,605
Additions -
At 30 April 2024 61,605
Depreciation
Charge for the year 8,723
At 30 April 2024 12,172
Net book value
At 30 April 2024 49,433
At 30 April 2023 58,156
5 Debtors 2024 2023
£ £
Other debtors 8,500 8,500
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - (851)
Other creditors - -
- (851)
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,435 42,094
Other creditors 156,432 130,000
178,867 172,094
8 Other information
LAALA'S DISTRIBUTION LTD is a private company limited by shares and incorporated in England. Its registered office is:
110 Currey Road
Greenford
UB6 0BQ
LAALA'S DISTRIBUTION LTD 11926137 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mrs V Uthayanan No description of principal activity 11926137 2022-05-01 2023-04-30 11926137 core:WithinOneYear 2023-04-30 11926137 core:AfterOneYear 2023-04-30 11926137 core:ShareCapital 2023-04-30 11926137 core:RetainedEarningsAccumulatedLosses 2023-04-30 11926137 2023-05-01 2024-04-30 11926137 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11926137 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11926137 bus:Director40 2023-05-01 2024-04-30 11926137 2 2023-05-01 2024-04-30 11926137 core:PlantMachinery 2023-05-01 2024-04-30 11926137 countries:England 2023-05-01 2024-04-30 11926137 bus:FRS102 2023-05-01 2024-04-30 11926137 bus:FilletedAccounts 2023-05-01 2024-04-30 11926137 2024-04-30 11926137 core:WithinOneYear 2024-04-30 11926137 core:AfterOneYear 2024-04-30 11926137 core:ShareCapital 2024-04-30 11926137 core:RetainedEarningsAccumulatedLosses 2024-04-30 11926137 core:Goodwill 2024-04-30 11926137 core:PlantMachinery 2024-04-30 11926137 2023-04-30 11926137 core:Goodwill 2023-04-30 11926137 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure