Registered number
07407611
Lura Constructions Ltd
Filleted Accounts
31 October 2024
Lura Constructions Ltd
Registered number: 07407611
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 168,610 93,115
Current assets
Stocks 80,000 200,009
Debtors 4 2,023,534 69,233
Cash at bank and in hand 2,303,318 3,210,957
4,406,852 3,480,199
Creditors: amounts falling due within one year 5 (1,760,754) (1,248,686)
Net current assets 2,646,098 2,231,513
Total assets less current liabilities 2,814,708 2,324,628
Creditors: amounts falling due after more than one year 6 (15,333) (38,333)
Net assets 2,799,375 2,286,295
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,799,275 2,286,195
Shareholders' funds 2,799,375 2,286,295
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Esat Murati
Director
Approved by the board on 28 July 2025
Lura Constructions Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance method
Motor vehicles 20% reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 28 23
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 132,990 59,286 192,276
Additions 15,768 101,879 117,647
At 31 October 2024 148,758 161,165 309,923
Depreciation
At 1 November 2023 72,713 26,448 99,161
Charge for the year 15,209 26,943 42,152
At 31 October 2024 87,922 53,391 141,313
Net book value
At 31 October 2024 60,836 107,774 168,610
At 31 October 2023 60,277 32,838 93,115
4 Debtors 2024 2023
£ £
Trade debtors 155,348 -
S455 Tax 4,426 4,426
Other debtors & prepayments 1,863,760 64,807
2,023,534 69,233
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,000 23,000
Trade creditors 312,878 321,755
Taxation and social security costs 661,066 510,132
Corporation tax 169,341 189,842
Other creditors 594,469 203,957
1,760,754 1,248,686
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,333 38,333
7 Related party transactions
Gur Properties Ltd 2024
Both companies have common director and shareholder. The company has given a loan to Gur Properties Ltd, which is Included within other debtors. 1,617,802
8 Controlling party
The company is 100% controlled by Mr Esat Murati by virtue of his shareholding.
9 Other information
Lura Constructions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16 Waltham Park Way
Billet Road, London
England
E17 5DU
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