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REGISTERED NUMBER: 07614732 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Lalam Ltd

Lalam Ltd (Registered number: 07614732)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lalam Ltd (Registered number: 07614732)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,908 62,029

CURRENT ASSETS
Cash at bank 186,168 117,245

CREDITORS
Amounts falling due within one year 5 23,028 22,581
NET CURRENT ASSETS 163,140 94,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,048

156,693

PROVISIONS FOR LIABILITIES 9,483 11,786
NET ASSETS 203,565 144,907

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 203,465 144,807
SHAREHOLDERS' FUNDS 203,565 144,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th January 2025 and were signed on its behalf by:





Dr R K Lalam - Director


Lalam Ltd (Registered number: 07614732)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. COMPANY INFORMATION

Lalam Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07614732

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

Motor Vehicles - 20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Lalam Ltd (Registered number: 07614732)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st May 2023 1,412 67,000 68,412
Additions 435 - 435
At 30th April 2024 1,847 67,000 68,847
DEPRECIATION
At 1st May 2023 353 6,030 6,383
Charge for year 362 12,194 12,556
At 30th April 2024 715 18,224 18,939
NET BOOK VALUE
At 30th April 2024 1,132 48,776 49,908
At 30th April 2023 1,059 60,970 62,029

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 6,722
Tax 22,458 10,808
Directors' current accounts 570 5,051
23,028 22,581

The net obligation under finance leases and hire purchases contracts are secured against the assets to which they relate - Motor vehicles

Lalam Ltd (Registered number: 07614732)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
Dr R K Lalam
Balance outstanding at start of year (5,051 ) (11,600 )
Amounts advanced 30,165 22,000
Amounts repaid (25,683 ) (15,451 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (569 ) (5,051 )

The loan is repayable on demand and no interest was charged during the year.

8. CONTROL

The ultimate controlling party is Dr R Lalam by virtue of holding 100% of the voting share capital.