IRIS Accounts Production v25.1.4.42 11598633 director 1.11.23 17.12.24 17.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115986332023-10-31115986332024-12-17115986332023-11-012024-12-17115986332022-10-31115986332022-11-012023-10-31115986332023-10-3111598633ns15:EnglandWales2023-11-012024-12-1711598633ns14:PoundSterling2023-11-012024-12-1711598633ns10:Director12023-11-012024-12-1711598633ns10:PrivateLimitedCompanyLtd2023-11-012024-12-1711598633ns10:SmallEntities2023-11-012024-12-1711598633ns10:AuditExempt-NoAccountantsReport2023-11-012024-12-1711598633ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-12-1711598633ns10:SmallCompaniesRegimeForAccounts2023-11-012024-12-1711598633ns10:FullAccounts2023-11-012024-12-1711598633ns10:OrdinaryShareClass12023-11-012024-12-1711598633ns10:RegisteredOffice2023-11-012024-12-1711598633ns5:CurrentFinancialInstruments2024-12-1711598633ns5:CurrentFinancialInstruments2023-10-3111598633ns5:ShareCapital2024-12-1711598633ns5:ShareCapital2023-10-3111598633ns5:RetainedEarningsAccumulatedLosses2024-12-1711598633ns5:RetainedEarningsAccumulatedLosses2023-10-3111598633ns5:FurnitureFittings2023-11-012024-12-1711598633ns5:ComputerEquipment2023-11-012024-12-1711598633ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3111598633ns5:FurnitureFittings2023-10-3111598633ns5:ComputerEquipment2023-10-3111598633ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-012024-12-1711598633ns5:LongLeaseholdAssetsns5:LandBuildings2024-12-1711598633ns5:FurnitureFittings2024-12-1711598633ns5:ComputerEquipment2024-12-1711598633ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3111598633ns5:FurnitureFittings2023-10-3111598633ns5:ComputerEquipment2023-10-3111598633ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-1711598633ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111598633ns10:OrdinaryShareClass12024-12-1711598633ns5:RetainedEarningsAccumulatedLosses2023-10-3111598633ns5:RetainedEarningsAccumulatedLosses2023-11-012024-12-17
REGISTERED NUMBER: 11598633 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2023 to 17 December 2024

for

Lava Esports Limited

Lava Esports Limited (Registered number: 11598633)






Contents of the Financial Statements
for the Period 1 November 2023 to 17 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lava Esports Limited

Company Information
for the Period 1 November 2023 to 17 December 2024







DIRECTOR: J Song





REGISTERED OFFICE: 2 Rockingham Street
Sheffield
S1 4LZ





REGISTERED NUMBER: 11598633 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
1st Floor
30 Charing Cross Road
London
WC2H 0DE

Lava Esports Limited (Registered number: 11598633)

Balance Sheet
17 December 2024

17.12.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,468 47,217

CURRENT ASSETS
Debtors 5 19,875 19,338
Cash in hand 4,218 3,113
24,093 22,451
CREDITORS
Amounts falling due within one year 6 130,587 100,501
NET CURRENT LIABILITIES (106,494 ) (78,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103,026

)

(30,833

)

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 8 (203,026 ) (130,833 )
SHAREHOLDERS' FUNDS (103,026 ) (30,833 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 17 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 17 December 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.

Lava Esports Limited (Registered number: 11598633)

Balance Sheet - continued
17 December 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 24 July 2025 and were signed by:





J Song - Director


Lava Esports Limited (Registered number: 11598633)

Notes to the Financial Statements
for the Period 1 November 2023 to 17 December 2024

1. STATUTORY INFORMATION

Lava Esports 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.

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
Turnover 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Lava Esports Limited (Registered number: 11598633)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 17 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 3,468 81,179 862 85,509
Additions - 1,312 - 1,312
Disposals - (82,491 ) (862 ) (83,353 )
At 17 December 2024 3,468 - - 3,468
DEPRECIATION
At 1 November 2023 - 37,632 660 38,292
Charge for period - 8,951 97 9,048
Eliminated on disposal - (46,583 ) (757 ) (47,340 )
At 17 December 2024 - - - -
NET BOOK VALUE
At 17 December 2024 3,468 - - 3,468
At 31 October 2023 3,468 43,547 202 47,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
17.12.24 31.10.23
£    £   
Other debtors 19,344 18,184
VAT 531 289
Prepayments and accrued income - 865
19,875 19,338

Lava Esports Limited (Registered number: 11598633)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 17 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
17.12.24 31.10.23
£    £   
Bank loans and overdrafts 45,590 47,376
Trade creditors 9,480 932
Social security and other taxes - 1,294
Other creditors 12,000 12,000
Directors' current accounts 49,659 25,856
Accrued expenses 13,858 13,043
130,587 100,501

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 17.12.24 31.10.23
value: £    £   
100,000 Ordinary 1 100,000 100,000

8. RESERVES
Retained
earnings
£   

At 1 November 2023 (130,833 )
Deficit for the period (72,193 )
At 17 December 2024 (203,026 )