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Registered number: 06727163
Lapbitz Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mrs Yasmin Waqi
Company Number 06727163
Registered Office 308 Holloway Road
London
N7 6NJ
Accountants BUTT & CO ACCOUNTANTS LTD
CHARTERED CERTIFIED ACCOUNTANTS
161 Ley Street
Ilford
IG1 4BL
Page 1
Page 2
Balance Sheet
Registered number: 06727163
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,689 55,454
46,689 55,454
CURRENT ASSETS
Debtors 6 9,800 9,346
Cash at bank and in hand 7,599 1,569
17,399 10,915
Creditors: Amounts Falling Due Within One Year 7 (31,236 ) (49,596 )
NET CURRENT ASSETS (LIABILITIES) (13,837 ) (38,681 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,852 16,773
Creditors: Amounts Falling Due After More Than One Year 8 (30,239 ) (16,270 )
NET ASSETS 2,613 503
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,513 403
SHAREHOLDERS' FUNDS 2,613 503
Page 2
Page 3
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Yasmin Waqi
Director
18/12/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Lapbitz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06727163 . The registered office is 308 Holloway Road, London, N7 6NJ.
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. 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:
Leasehold 10% straight line
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance method
Office Equipment 20% reducing balance method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 58,124 14,085 8,189 80,398
As at 31 March 2025 58,124 14,085 8,189 80,398
Depreciation
As at 1 April 2024 17,436 4,036 3,472 24,944
Provided during the period 5,812 2,010 943 8,765
As at 31 March 2025 23,248 6,046 4,415 33,709
Net Book Value
As at 31 March 2025 34,876 8,039 3,774 46,689
As at 1 April 2024 40,688 10,049 4,717 55,454
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,250 4,196
Other debtors 6,550 5,150
9,800 9,346
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.
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 13,692 15,893
Other taxes and social security 623 7,142
VAT 1,233 -
Other creditors 14,000 12,000
Accruals and deferred income 1,688 1,361
Director's loan account - 13,200
31,236 49,596
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.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 30,239 16,270
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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