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Company Registration No. 07670063 (England and Wales)
Lara Limited Unaudited accounts for the year ended 30 June 2025
Lara Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Lara Limited Company Information for the year ended 30 June 2025
Director
Laura Xhema
Company Number
07670063 (England and Wales)
Registered Office
C/O Solid Ltd Eagle House 163 City Road London EC1V 1NR United Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Lara Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,162
1,217
Current assets
Inventories
6,000
6,000
Debtors
5
12,836
7,616
Cash at bank and in hand
2,314
4,907
21,150
18,523
Creditors: amounts falling due within one year
6
(25,230)
(19,540)
Net current liabilities
(4,080)
(1,017)
Total assets less current liabilities
1,082
200
Provisions for liabilities
Deferred tax
7
(981)
-
Net assets
101
200
Capital and reserves
Called up share capital
100
100
Profit and loss account
1
100
Shareholders' funds
101
200
For the year ending 30 June 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 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 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 4 March 2026 and were signed on its behalf by
Laura Xhema Director Company Registration No. 07670063
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Lara Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Lara Limited is a private company, limited by shares, registered in England and Wales, registration number 07670063. The registered office is C/O Solid Ltd Eagle House, 163 City Road, London, EC1V 1NR, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 4 years
Fixtures & fittings
over 4 years
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Lara Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
2,515
1,230
3,745
Additions
270
5,278
5,548
At 30 June 2025
2,785
6,508
9,293
Depreciation
At 1 July 2024
1,979
549
2,528
Charge for the year
543
1,060
1,603
At 30 June 2025
2,522
1,609
4,131
Net book value
At 30 June 2025
263
4,899
5,162
At 30 June 2024
536
681
1,217
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
710
2,197
Other debtors
12,126
5,419
12,836
7,616
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
14,916
5,921
VAT
4,887
4,459
Trade creditors
3,070
6,015
Taxes and social security
568
9,207
Other creditors
1,367
-
Loans from directors
-
(6,592)
Accruals
422
530
25,230
19,540
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
981
-
2025
2024
£
£
Charged to the profit and loss account
981
-
Provision at end of year
981
-
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Lara Limited Notes to the Accounts for the year ended 30 June 2025
8
Operating lease commitments
2025
2024
£
£
At 30 June 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
38,000
35,000
Later than one year and not later than five years
38,000
38,000
76,000
73,000
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Laura Xhema
Interest free loan
6,592
18,843
19,493
5,942
6,592
18,843
19,493
5,942
At year end 2025, director's loan account was overdrawn by £5,942
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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