Company Registration No. 06707538 (England and Wales)
Lazara Ltd
Unaudited accounts
for the year ended 31 October 2024
Lazara Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
1,754
2,757
Cash at bank and in hand
4,272
2,004
Creditors: amounts falling due within one year
(53,184)
(30,768)
Net current (liabilities)/assets
(6,815)
4,148
Total assets less current liabilities
(5,061)
6,905
Creditors: amounts falling due after more than one year
(13,909)
(26,236)
Net liabilities
(18,970)
(19,331)
Called up share capital
28,000
28,000
Profit and loss account
(46,970)
(47,331)
Shareholders' funds
(18,970)
(19,331)
For the year ending 31 October 2024 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 director acknowledges his 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 and authorised for issue on 24 June 2025 and were signed on its behalf by
Mr Mohideen Mir
Director
Company Registration No. 06707538
Lazara Ltd
Notes to the Accounts
for the year ended 31 October 2024
Lazara Ltd is a private company, limited by shares, registered in England and Wales, registration number 06707538. The registered office is 21 Briarfield Road, Farnworth, Bolton, Lancashire, BL4 0HD, 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.
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Computer equipment
25% straight line
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
51,100
5,492
56,592
At 31 October 2024
51,100
5,492
56,592
At 1 November 2023
48,473
5,362
53,835
Charge for the year
873
130
1,003
At 31 October 2024
49,346
5,492
54,838
At 31 October 2024
1,754
-
1,754
At 31 October 2023
2,627
130
2,757
Lazara Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Deferred tax asset
12,718
12,570
Accrued income and prepayments
29,379
20,342
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
33,657
21,730
Taxes and social security
7,256
5,224
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
13,909
26,236
Allotted, called up and fully paid:
28,000 Ordinary shares of £1 each
28,000
28,000
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).