Company Registration No. 14015053 (England and Wales)
Lot Franchise Ltd
Unaudited accounts
for the year ended 31 March 2025
Lot Franchise Ltd
Unaudited accounts
Contents
Lot Franchise Ltd
Company Information
for the year ended 31 March 2025
Directors
Sacha John Bright
Neda Khodaienamin
Company Number
14015053 (England and Wales)
Registered Office
The Townhouse
114-116 Fore Street
Hertford
SG14 1AJ
England
Accountants
Project H Limited Accountants
Beadle House
Bull Plain
Hertford
Hertfordshire
SG14 1DT
Lot Franchise Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
130,000
130,000
Tangible assets
62,443
51,423
Cash at bank and in hand
9,913
39,204
Creditors: amounts falling due within one year
(24,393)
(4,633)
Net current assets
44,855
36,071
Total assets less current liabilities
237,298
217,494
Provisions for liabilities
Other provisions
(32,500)
(32,500)
Net assets
204,798
184,994
Called up share capital
246,362
131,362
Fair value reserve
97,500
97,500
Profit and loss account
(139,064)
(43,868)
Shareholders' funds
204,798
184,994
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Sacha John Bright
Director
Company Registration No. 14015053
Lot Franchise Ltd
Notes to the Accounts
for the year ended 31 March 2025
Lot Franchise Ltd is a private company, limited by shares, registered in England and Wales, registration number 14015053. The registered office is The Townhouse, 114-116 Fore Street, Hertford, SG14 1AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Fixtures & fittings
20% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Lot Franchise Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Lot Franchise Ltd operates in the laser hair removal industry, specialising in providing innovative solutions for delivering laser hair removal services directly to clients' homes. Recognizing the lack of regulation, the company has developed systems and processes that adhere to the principles of the Health and Safety Act. By creating a comprehensive framework for safe home-based laser treatments, the company has set a new standard for safety and compliance, which could potentially influence future regulatory guidelines. The company has embarked on several R&D projects to develop ground-breaking solutions that address unique challenges in this emerging market.
The company considers this intellectual property right has a fair value of £130,000. This valuation has been determined by the market value, considering the sale or licensing of similar products within the market, which provides a useful benchmark.
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
70,111
137
70,248
Additions
27,726
300
28,026
At 31 March 2025
97,837
437
98,274
At 1 April 2024
18,818
7
18,825
Charge for the year
16,980
26
17,006
At 31 March 2025
35,798
33
35,831
At 31 March 2025
62,039
404
62,443
At 31 March 2024
51,293
130
51,423
Amounts falling due within one year
Trade debtors
57,090
1,500
Accrued income and prepayments
417
-
Lot Franchise Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,030
-
Taxes and social security
343
-
Loans from directors
3,649
3,649
8
Provisions for liabilities
£
tax arising from fair valuation of Intellectual Property
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
9,644
Later than one year and not later than five years
-
26,522
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).