Laval & Co Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 3414639

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		782		1,043
Investment Properties	6		810,000		750,000
Investments	7		100		100

			810,883		751,144
CURRENT ASSETS
Debtors	8	347,526		349,138
Cash at bank and in hand		95		23

		347,621		349,161
Creditors: Amounts Falling Due Within One Year	9	(122,922 )		(178,538 )

NET CURRENT ASSETS (LIABILITIES)			224,699		170,623

TOTAL ASSETS LESS CURRENT LIABILITIES			1,035,582		921,767

PROVISIONS FOR LIABILITIES
Deferred Taxation			(106,022 )		(94,738 )

NET ASSETS			929,560		827,029

CAPITAL AND RESERVES
Called up share capital	10		61,000		61,000
Fair value reserve	11		451,354		402,754
Profit and Loss Account			417,206		363,275

SHAREHOLDERS' FUNDS			929,560		827,029

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Laval & Co Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Laval

Director

03/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Laval & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 3414639 . The registered office is Ground Floor 23 Westfield Park, Redland, Bristol, BS6 6LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Laval & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	2,491

As at 31 March 2025	2,491

Amortisation
As at 1 April 2024	2,490

As at 31 March 2025	2,490

Net Book Value
As at 31 March 2025	1

As at 1 April 2024	1

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 April 2024	17,657	5,050	36,418	59,125

As at 31 March 2025	17,657	5,050	36,418	59,125

Depreciation
As at 1 April 2024	17,546	5,050	35,486	58,082
Provided during the period	40	-	221	261

As at 31 March 2025	17,586	5,050	35,707	58,343

Net Book Value
As at 31 March 2025	71	-	711	782

As at 1 April 2024	111	-	932	1,043

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Laval & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	750,000
Fair value adjustments	60,000

As at 31 March 2025	810,000

7. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	100

As at 31 March 2025	100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	100

As at 1 April 2024	100

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	377	1,098
Other debtors	347,149	348,040

	347,526	349,138

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other loans	50,000	50,000
Other creditors	58,523	116,217
Taxation and social security	14,399	12,321

	122,922	178,538

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	61,000	61,000

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Laval & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 April 2024	402,754	363,275
Profit for the year and total comprehensive income	-	102,531

Movements in fair value reserve	48,600	-
Transfer to/from Fair value reserve	-	(48,600)

As at 31 March 2025	451,354	417,206

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