Company registration number 07834908 (England and Wales)
LALLI ENTERPRISES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MAY 2024
PAGES FOR FILING WITH REGISTRAR
LALLI ENTERPRISES LIMITED
COMPANY INFORMATION
Director
Mr K S Lalli
Company number
07834908
Registered office
108 Southglade Road
Bestwood
Nottingham
Nottinghamshire
NG5 5GF
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
National Westminster Bank Plc
536 Valley Road
Nottingham
NG5 1FL
LALLI ENTERPRISES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
LALLI ENTERPRISES LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LALLI ENTERPRISES LIMITED FOR THE PERIOD ENDED 30 MAY 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lalli Enterprises Limited for the period ended 30 May 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Lalli Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lalli Enterprises Limited and state those matters that we have agreed to state to the board of directors of Lalli Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lalli Enterprises Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Lalli Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lalli Enterprises Limited. You consider that Lalli Enterprises Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Lalli Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
10 March 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
LALLI ENTERPRISES LIMITED
BALANCE SHEET
- 2 -
30 May 2024
31 May 2023
Notes
£
£
£
£
Current assets
Debtors
3
100,200
101,506
Cash at bank and in hand
65
536
100,265
102,042
Creditors: amounts falling due within one year
4
(44,267)
(33,370)
Net current assets
55,998
68,672
Creditors: amounts falling due after more than one year
5
(12,093)
(22,435)
Provisions for liabilities
6
389
Net assets
44,294
46,237
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
44,194
46,137
Total equity
44,294
46,237
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 10 March 2025
Mr K S Lalli
Director
Company registration number 07834908 (England and Wales)
LALLI ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MAY 2024
- 3 -
1
Accounting policies
Company information
Lalli Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is 108 Southglade Road, Bestwood, Nottingham, Nottinghamshire, NG5 5GF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
1
1
LALLI ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 MAY 2024
- 4 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
100,200
101,506
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
11,093
9,952
Other creditors
33,174
23,418
44,267
33,370
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,093
22,435
6
Provisions for liabilities
2024
2023
£
£
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
23,186
32,387
Bank loans are secured by way of a government backed guarantee.
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary B of £1 each
25
25
25
25
Ordinary C of £1 each
25
25
25
25
100
100
100
100
LALLI ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 MAY 2024
- 5 -
9
Ultimate controlling party
The ultimate controlling party is Mr K S Lalli and Mrs V S Lalli.