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Lakroc Limited |
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Registered number: |
14501401 |
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Abridged Balance Sheet |
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as at 30 June 2025 |
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Notes |
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30/6/25 |
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31/3/25 |
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£ |
£ |
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£ |
£ |
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Current assets |
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Stocks |
|
|
- |
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84,127 |
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Debtors |
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|
- |
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1,600 |
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Cash at bank and in hand |
|
|
7,612 |
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104,620 |
|
|
|
|
7,612 |
|
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190,347 |
|
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Creditors: amounts falling due within one year |
|
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(7,610) |
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(251,493) |
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|
|
|
|
|
|
|
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Net current assets/(liabilities) |
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|
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2 |
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(61,146) |
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|
|
|
|
|
|
|
|
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Net assets/(liabilities) |
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|
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2 |
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(61,146) |
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|
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Capital and reserves |
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Called up share capital |
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|
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2 |
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2 |
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Profit and loss account |
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- |
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(61,148) |
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|
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|
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Shareholders' funds |
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|
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2 |
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(61,146) |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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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. |
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The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
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M R Lakhani |
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Director |
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Approved by the board on 14 July 2025 |
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| Lakroc Limited |
| Notes to the Abridged Accounts |
| for the period from 1 April 2025 to 30 June 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The abridged 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). |
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Stocks |
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Stocks consist of work-in-progress inclusive of freehold property where held as such and are measured at the lower of cost and net realisable value. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Creditors |
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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. |
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Taxation |
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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. |
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| 2 |
Employees |
30/6/25 |
31/3/25 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Related party transactions |
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The Company had borrowings from a Company over which M R Lakhani is able to exercise significant influence. Interest is charged on the amounts borrowed. Upon cessation, interest charges have been abated to negate the shortfall which would otherwise arise in the Company's assets. |
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The Company has borrowings from a Company over which L A Crocker is able to exercise significant influence. Interest is charged on the amounts borrowed. Upon cessation, interest charges have been abated to negate the shortfall which would otherwise arise in the Company's assets. |
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M R Lakhani is a partner in Lakhani Consulting. The charge for services provided by Lakhani Consulting to the Company in this period amounted to £12,500. |
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L A Crocker is married to L J Crocker. The charge for services provided by L J Crocker to the Company in this period amounted to £12,500. |
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| 4 |
Other information |
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Lakroc Limited is a private company limited by shares and incorporated in England. Its registered office is: 20 West Heath Road, Farnborough, England GU14 8QH. |