Laszlo & Son Limited 13832746 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Property rental Digita Accounts Production Advanced 6.30.9574.0 true 13832746 2023-02-01 2024-01-31 13832746 2024-01-31 13832746 core:RetainedEarningsAccumulatedLosses 2024-01-31 13832746 core:ShareCapital 2024-01-31 13832746 core:CurrentFinancialInstruments 2024-01-31 13832746 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13832746 core:LandBuildings 2024-01-31 13832746 bus:SmallEntities 2023-02-01 2024-01-31 13832746 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13832746 bus:FullAccounts 2023-02-01 2024-01-31 13832746 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13832746 bus:RegisteredOffice 2023-02-01 2024-01-31 13832746 bus:Director1 2023-02-01 2024-01-31 13832746 bus:Director2 2023-02-01 2024-01-31 13832746 bus:Director3 2023-02-01 2024-01-31 13832746 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13832746 bus:Agent1 2023-02-01 2024-01-31 13832746 core:LandBuildings 2023-02-01 2024-01-31 13832746 countries:AllCountries 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 13832746

Laszlo & Son Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Laszlo & Son Limited

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account and Statement of Retained Earnings

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

Laszlo & Son Limited

Company Information

Directors

Mr Tom Endresz

Mr Laszlo Endresz

Mr Laszlo Vilmos Endresz

Registered office

1 Barons Court
Graceways
Westby With Plumptons
Lancashire
FY4 5GP

Accountants

Rawcliffe & Co Limited Unit 1 Barons Court
Graceways
Blackpool
Lancashire
FY4 5GP

 

Laszlo & Son Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Tom Endresz

Mr Laszlo Endresz

Mr Laszlo Vilmos Endresz

Principal activity

The principal activity of the company is Property rental

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 30 January 2025 and signed on its behalf by:

.........................................
Mr Laszlo Vilmos Endresz
Director

   
     
 

Laszlo & Son Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2024

Note

2024
£

Turnover

 

-

Administrative expenses

 

(958)

Operating loss

 

(958)

Loss before tax

(958)

Loss for the financial year

 

(958)

Retained earnings brought forward

 

-

Retained earnings carried forward

 

(958)

 

Laszlo & Son Limited

(Registration number: 13832746)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

300,000

Current assets

 

Cash at bank and in hand

 

86,425

Creditors falling due within one year

5

(387,482)

Net current liabilities

 

(301,057)

Net liabilities

 

(1,057)

Capital and reserves

 

Called up share capital

7

(99)

Retained earnings

(958)

Shareholders' deficit

 

(1,057)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr Laszlo Vilmos Endresz
Director

   
     
 

Laszlo & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Barons Court
Graceways
Westby With Plumptons
Lancashire
FY4 5GP
United Kingdom

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Laszlo & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

300,000

300,000

At 31 January 2024

300,000

300,000

Depreciation

Carrying amount

At 31 January 2024

300,000

300,000

Included within the net book value of land and buildings above is £300,000 in respect of freehold land and buildings.
 

 

Laszlo & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

6

386,582

Accruals and deferred income

 

900

 

387,482

6

Loans and borrowings

Current loans and borrowings

2024
£

Other borrowings

386,582

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

99

99