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REGISTERED NUMBER: 08876192 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LAZ EMPORIUM LIMITED

LAZ EMPORIUM LIMITED (REGISTERED NUMBER: 08876192)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAZ EMPORIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S Lazarides





SECRETARY: S Lazarides





REGISTERED OFFICE: 2 Jardine House
The Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 08876192 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

LAZ EMPORIUM LIMITED (REGISTERED NUMBER: 08876192)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 316,107 360,730

CURRENT ASSETS
Inventories 7,500 96,500
Debtors 5 - 20,130
Cash at bank 10,126 181
17,626 116,811
CREDITORS
Amounts falling due within one year 6 590,903 782,878
NET CURRENT LIABILITIES (573,277 ) (666,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(257,170

)

(305,337

)

CREDITORS
Amounts falling due after more than one
year

7

(53,470

)

(63,637

)

PROVISIONS FOR LIABILITIES 8 (60,060 ) (68,539 )
NET LIABILITIES (370,700 ) (437,513 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (370,800 ) (437,613 )
SHAREHOLDERS' FUNDS (370,700 ) (437,513 )

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

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

The director acknowledges his 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.

LAZ EMPORIUM LIMITED (REGISTERED NUMBER: 08876192)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:





S Lazarides - Director


LAZ EMPORIUM LIMITED (REGISTERED NUMBER: 08876192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

LAZ Emporium Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LAZ EMPORIUM LIMITED (REGISTERED NUMBER: 08876192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 390,469 97,065 11,190 82,676 581,400
DEPRECIATION
At 1 May 2023 103,788 54,869 2,238 59,775 220,670
Charge for year 28,668 8,440 1,790 5,725 44,623
At 30 April 2024 132,456 63,309 4,028 65,500 265,293
NET BOOK VALUE
At 30 April 2024 258,013 33,756 7,162 17,176 316,107
At 30 April 2023 286,681 42,196 8,952 22,901 360,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 14,739
Prepayments and accrued income - 5,391
- 20,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 97,958 97,958
Hire purchase contracts - 198,053
Corporation Tax 30,210 28,224
Social security and other taxes 146,501 110,191
Other creditors 302,781 315,371
Directors' current accounts 5,953 20,581
Accruals and deferred income 7,500 12,500
590,903 782,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 32,114 33,614
Bank loans - 2-5 years 21,356 21,356
Hire purchase contracts - 8,667
53,470 63,637

LAZ EMPORIUM LIMITED (REGISTERED NUMBER: 08876192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 60,060 68,539

Deferred
tax
£   
Balance at 1 May 2023 68,539
Provided during year (8,479 )
Balance at 30 April 2024 60,060

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary Shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 (437,613 )
Profit for the year 66,813
At 30 April 2024 (370,800 )

11. RELATED PARTY DISCLOSURES

S Lazarides, a director and sole shareholder of Laz Emporium Limited, is a director and significant shareholder in Laz Consultancy Limited, a trading company registered in the United Kingdom.

At the balance sheet date, other creditors include £251,255 payable to Laz Consultancy Limited.

Management charges to Laz Consultancy Limited for the year amount to £24,000.

12. ULTIMATE CONTROLLING PARTY

The controlling party is S Lazarides.