Registered number
12407728
LYA EXPORTS UK LTD
Filleted Accounts
31 January 2025
LYA EXPORTS UK LTD
Registered number: 12407728
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,050 4,067
Current assets
Stocks 24,012 21,899
Cash at bank and in hand 1,706 5,114
25,718 27,013
Creditors: amounts falling due within one year 4 (20,209) (19,873)
Net current assets 5,509 7,140
Net assets 8,559 11,207
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,558 11,206
Shareholder's funds 8,559 11,207
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Amang Mahmood Salim
Director
Approved by the board on 15 April 2025
LYA EXPORTS UK LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2024 1,061 8,350 9,411
At 31 January 2025 1,061 8,350 9,411
Depreciation
At 1 February 2024 516 4,828 5,344
Charge for the year 136 881 1,017
At 31 January 2025 652 5,709 6,361
Net book value
At 31 January 2025 409 2,641 3,050
At 31 January 2024 545 3,522 4,067
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 11,947 11,839
Taxation and social security costs 1,272 1,245
Other creditors 6,990 6,789
20,209 19,873
5 Other information
LYA EXPORTS UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
C/O A & I Associates
158 Whitchurch Road
Cardiff
Wales
CF14 3NA
LYA EXPORTS UK LTD 12407728 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2025 Amang Mahmood Salim No description of principal activity 12407728 2023-02-01 2024-01-31 12407728 core:WithinOneYear 2024-01-31 12407728 core:ShareCapital 2024-01-31 12407728 core:RetainedEarningsAccumulatedLosses 2024-01-31 12407728 2024-02-01 2025-01-31 12407728 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12407728 bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 12407728 bus:Director40 2024-02-01 2025-01-31 12407728 2 2024-02-01 2025-01-31 12407728 core:PlantMachinery 2024-02-01 2025-01-31 12407728 core:Vehicles 2024-02-01 2025-01-31 12407728 countries:England 2024-02-01 2025-01-31 12407728 bus:FRS102 2024-02-01 2025-01-31 12407728 bus:FilletedAccounts 2024-02-01 2025-01-31 12407728 2025-01-31 12407728 core:WithinOneYear 2025-01-31 12407728 core:ShareCapital 2025-01-31 12407728 core:RetainedEarningsAccumulatedLosses 2025-01-31 12407728 core:PlantMachinery 2025-01-31 12407728 core:Vehicles 2025-01-31 12407728 2024-01-31 12407728 core:PlantMachinery 2024-01-31 12407728 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure