REGISTERED NUMBER: 12246421 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Luga Baruga Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Marsden

N F Lovett

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

12246421 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

43,328

57,739

CURRENT ASSETS

Stocks

48,000

-

Debtors

5

732,540

356,052

Cash at bank

26,444

80,620

806,984

436,672

CREDITORS

Amounts falling due within one year

6

(738,336

)

(316,331

)

NET CURRENT ASSETS

68,648

120,341

TOTAL ASSETS LESS CURRENT LIABILITIES

111,976

178,080

CREDITORS

Amounts falling due after more than one year

7

(60,370

)

(72,552

)

NET ASSETS

51,606

105,528

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,506

105,428

51,606

105,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2026 and were signed on its behalf by:

N F Lovett - Director

1.	STATUTORY INFORMATION

Luga Baruga Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost and 25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

3,035

75,980

10,978

89,993

Additions

-

-

1,165

1,165

At 31 October 2025

3,035

75,980

12,143

91,158

DEPRECIATION

At 1 November 2024

1,525

22,163

8,566

32,254

Charge for year

759

13,454

1,363

15,576

At 31 October 2025

2,284

35,617

9,929

47,830

NET BOOK VALUE

At 31 October 2025

751

40,363

2,214

43,328

At 31 October 2024

1,510

53,817

2,412

57,739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

711,548

316,666

Other debtors

20,992

39,386

732,540

356,052

Other debtors include prepayments and accrued income of £791 (2024: £2,059).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

5,555

5,559

Hire purchase contracts

6,626

6,002

Trade creditors

421,602

259,530

Amounts owed to group undertakings

124,866

40,086

Taxation and social security

120,013

1,624

Other creditors

59,674

3,530

738,336

316,331

Other creditors include accruals and deferred income of £34,729 (2024: £3,125).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

23,146

28,702

Hire purchase contracts

37,224

43,850

60,370

72,552

31.10.25

31.10.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

923

6,479

8.	OTHER FINANCIAL COMMITMENTS

The company has provided a guarantee for a loan of £42,213 (2024: £108,293) taken out by another company under common ultimate control.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

N F Lovett

Balance outstanding at start of year

-

-

Amounts advanced

56,739

13,830

Amounts repaid

(56,739

)

(13,830

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

C D Marsden

Balance outstanding at start of year

-

-

Amounts advanced

50,099

-

Amounts repaid

(50,099

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loans were repayable on demand and interest has been charged at the HMRC Official Rate.