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Company Registration No. 10635285 (England and Wales)
LAHAB LIMITED Unaudited accounts for the year ended 28 February 2025
LAHAB LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LAHAB LIMITED Company Information for the year ended 28 February 2025
Director
LANRE WAHAB ONIGBANJO
Company Number
10635285 (England and Wales)
Registered Office
50 VANGUARD STREET LONDON SE8 4DP ENGLAND
Accountants
LIBRA ASSOCIATES (UK) LTD 133 CREEK ROAD GREENWICH LONDON SE8 3BU
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LAHAB LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
2,240
10,668
Cash at bank and in hand
3,421
266
5,661
10,934
Creditors: amounts falling due within one year
5
(2,695)
(600)
Net current assets
2,966
10,334
Total assets less current liabilities
2,966
10,334
Creditors: amounts falling due after more than one year
6
(1,361)
(2,573)
Net assets
1,605
7,761
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,604
7,760
Shareholders' funds
1,605
7,761
For the year ending 28 February 2025 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 17 November 2025 and were signed on its behalf by
LANRE WAHAB ONIGBANJO Director Company Registration No. 10635285
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LAHAB LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
LAHAB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10635285. The registered office is 50 VANGUARD STREET, LONDON, SE8 4DP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
3,360
Other debtors
2,240
7,308
2,240
10,668
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
2,295
-
Accruals
400
600
2,695
600
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,361
2,573
7
Transactions with related parties
The company was under the control of Mr Lanre Wahab Onigbanjo who owns 100% of the issued share capital. During the year Mr Lanre Wahab Onigbanjo received dividends of £7000 (2024/25)
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LAHAB LIMITED Notes to the Accounts for the year ended 28 February 2025
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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