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Registered number: 07079886
Lamasatech Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07079886
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,012,204 1,153,839
Tangible Assets 5 85,907 56,250
1,098,111 1,210,089
CURRENT ASSETS
Stocks 6 287,476 232,216
Debtors 7 119,785 222,315
Cash at bank and in hand 362,061 947,395
769,322 1,401,926
Creditors: Amounts Falling Due Within One Year 8 (372,117 ) (1,155,102 )
NET CURRENT ASSETS (LIABILITIES) 397,205 246,824
TOTAL ASSETS LESS CURRENT LIABILITIES 1,495,316 1,456,913
Creditors: Amounts Falling Due After More Than One Year 9 (58,725 ) (31,422 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (274,231 ) (302,160 )
NET ASSETS 1,162,360 1,123,331
CAPITAL AND RESERVES
Called up share capital 12 3 3
Profit and Loss Account 1,162,357 1,123,328
SHAREHOLDERS' FUNDS 1,162,360 1,123,331
Page 1
Page 2
For the year ending 31 October 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 his 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
M A Elsaid
Director
31/07/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lamasatech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07079886 . The registered office is Unit 33 Bellingham Drive, North Tyne Industrial Estate, Newcastle Upon Tyne, Tyne And Wear, NE12 9SZ.
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.
Functional and Presentational Currency
The company's functional and presentational currency is GBP.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent development costs. Development expenditure is capitalised and amortised to the profit and loss account over its estimated economic life of ten years. 
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.  
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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:
Motor Vehicles 20% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
2.9. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. 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.
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.
2.11. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.12. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.13. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 7)
9 7
Page 4
Page 5
4. Intangible Assets
Other
£
Cost
As at 1 November 2024 1,757,712
Additions 36,071
As at 31 October 2025 1,793,783
Amortisation
As at 1 November 2024 603,873
Provided during the period 177,706
As at 31 October 2025 781,579
Net Book Value
As at 31 October 2025 1,012,204
As at 1 November 2024 1,153,839
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 148,556 6,717 25,632 180,905
Additions 56,690 2,460 1,416 60,566
As at 31 October 2025 205,246 9,177 27,048 241,471
Depreciation
As at 1 November 2024 101,556 2,622 20,477 124,655
Provided during the period 26,367 2,112 2,430 30,909
As at 31 October 2025 127,923 4,734 22,907 155,564
Net Book Value
As at 31 October 2025 77,323 4,443 4,141 85,907
As at 1 November 2024 47,000 4,095 5,155 56,250
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 75,559 27,927
6. Stocks
2025 2024
£ £
Stock 287,476 232,216
Page 5
Page 6
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 59,692 70,919
Prepayments and accrued income 48,353 126,821
Other debtors 1,300 1,300
Corporation tax recoverable assets - 23,275
Amounts owed by group undertakings 10,440 -
119,785 222,315
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,844 6,145
Trade creditors 24,262 12,015
Corporation tax 42,299 13,553
Other taxes and social security 5,180 5,789
VAT 29,437 117,668
Net wages 4,730 -
Other creditors 3,786 526,148
Lamasatech LLC US 163,837 419,357
Accruals and deferred income 87,742 51,459
Amounts owed to group undertakings - 2,968
372,117 1,155,102
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 57,789 30,798
Director's loan account 936 624
58,725 31,422
10. Secured Creditors
Of the creditors the following amounts are secured.  The obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 68,633 36,943
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,844 6,145
Later than one year and not later than five years 57,789 30,798
68,633 36,943
68,633 36,943
12. Share Capital
2025 2024
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1 each 3 3
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year - 1,531
- 1,531
14. Pension Commitments
The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,763 (2024: £1,922) were due to the fund. They are included in other creditors.
15. Related Party Transactions
At the year end, there was an amount outstanding of £163,837 (2024 - £419,357) due to Lamasatech US LLC. 
At the year end, the company was owed £10,440 (2024 - £2,968 (due to) from Elsaid Capital Ltd.  
Elsaid Capital Ltd owns 100% of the share capital of Lamasatech Ltd and 100% of the share capital of Lamasatech US LLC.
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