REGISTERED NUMBER: 12378167 (England and Wales)

LAVATEL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S K Orisanaiye

REGISTERED OFFICE:

Enterprise Hub 3m Buckley Innovation Cen

Firth Street

Huddersfield

United Kingdom

West Yorkshire

HD1 3BD

REGISTERED NUMBER:

12378167 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

128

240

CURRENT ASSETS

Cash at bank

4,797

5,581

CREDITORS

Amounts falling due within one year

5

(55,691

)

(50,821

)

NET CURRENT LIABILITIES

(50,894

)

(45,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(50,766

)

(45,000

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(50,866

)

(45,100

)

SHAREHOLDERS' FUNDS

(50,766

)

(45,000

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 22 September 2025 and were signed by:

S K Orisanaiye - Director

1.	STATUTORY INFORMATION

Lavatel 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The director has indicated their willingness to support the company. Therefore, the director continues to adopt the going concern basis for preparing the financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Taxation

Taxation for the year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

10,322

DEPRECIATION

At 1 January 2024

10,082

Charge for year

112

At 31 December 2024

10,194

NET BOOK VALUE

At 31 December 2024

128

At 31 December 2023

240

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

55,691

50,821

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

1,045

-

7.	RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £2,016 (2023 - £2,016) were outstanding at the year end, the amounts are repayable on demand.

Creditors includes a £52,895 (2023 - £48,410) loan from Holla Tags Limited, a company owned by the director of Lavatel Limited. The loans are interest free and will be repaid when funds permit.