LAD73 Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI657622

LAD73 Ltd

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

LAD73 Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

LAD73 Ltd

Officers and Professional Advisers

DIRECTOR	L A Driver

REGISTERED OFFICE	29 Tattenabuddagh Lane
	Cooneen
	Fivemiletown
	Co. Fermanagh
	BT75 0NW

ACCOUNTANTS	Streets
	Chartered accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

LAD73 Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	13,863	16,597

Current assets

Debtors	6	24,616	12,936
Cash at bank and in hand		4,798	8,029
		--------	--------
		29,414	20,965

Creditors: amounts falling due within one year	7	46,230	45,063
		--------	--------
Net current liabilities		16,816	24,098
		--------	--------
Total assets less current liabilities		( 2,953)	( 7,501)

Provisions	526	536
	-------	-------
Net liabilities	( 3,479)	( 8,037)
	-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 3,579)	( 8,137)
	-------	-------
Shareholders deficit	( 3,479)	( 8,037)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LAD73 Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

L A Driver
Director

Company registration number: NI657622

LAD73 Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Tattenabuddagh Lane, Cooneen, Fivemiletown, Co. Fermanagh, BT75 0NW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the going concern basis which assumes the continued support of the directors and company's bank.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% straight line
Equipment	-	33% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	16,500	1,694	18,194
Additions	–	681	681
	--------	-------	--------
At 31 March 2025	16,500	2,375	18,875
	--------	-------	--------
Depreciation
At 1 April 2024	–	1,597	1,597
Charge for the year	3,300	115	3,415
	--------	-------	--------
At 31 March 2025	3,300	1,712	5,012
	--------	-------	--------
Carrying amount
At 31 March 2025	13,200	663	13,863
	--------	-------	--------
At 31 March 2024	16,500	97	16,597
	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	21,402	7,375
Other debtors	3,214	5,561
	--------	--------
	24,616	12,936
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,323	3,600
Other creditors	41,907	41,463
	--------	--------
	46,230	45,063
	--------	--------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in debtors (note 6)	263	1,661
Included in provisions	( 526)	( 536)
	----	-------
	( 263)	1,125
	----	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	526	536
Unused tax losses	( 263)	( 1,661)
	----	-------
	263	(1,125)
	----	-------

9. Director's advances, credits and guarantees

The director maintains a loan account with the company. At the beginning of the year the company owed the director £12,802. During the period the director withdrew £27,826 (2024: £5,920) from the company and repaid £25,860 (2024: £18,703) to the company. At the reporting date the company owed the director £10,836.