Company Registration No. 12473950 (England and Wales)
Lavasource Ltd
Unaudited accounts
for the year ended 31 March 2026
Lavasource Ltd
Unaudited accounts
Contents
Lavasource Ltd
Company Information
for the year ended 31 March 2026
Directors
L Brooks-Lewis
M Brooks-Lewis
Company Number
12473950 (England and Wales)
Registered Office
The Innovation Centre
Centre Keckwick Lane, Daresbury
Warrington
Cheshire
WA4 4FS
England
Lavasource Ltd
Statement of financial position
as at 31 March 2026
Intangible assets
115,440
131,782
Tangible assets
12,355
12,680
Cash at bank and in hand
937,742
377,579
Creditors: amounts falling due within one year
(1,916,242)
(1,345,614)
Net current assets
848,262
27,766
Total assets less current liabilities
976,057
172,228
Creditors: amounts falling due after more than one year
-
(20,000)
Net assets
976,057
152,228
Called up share capital
100
100
Profit and loss account
975,957
152,128
Shareholders' funds
976,057
152,228
For the year ending 31 March 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by
M Brooks-Lewis
Director
Company Registration No. 12473950
Lavasource Ltd
Notes to the Accounts
for the year ended 31 March 2026
Lavasource Ltd is a private company, limited by shares, registered in England and Wales, registration number 12473950. The registered office is The Innovation Centre, Centre Keckwick Lane, Daresbury, Warrington, Cheshire, WA4 4FS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue represents the fair value of consideration received or receivable for consultancy services provided in the normal course of business, excluding value added tax and trade discounts.
Revenue from contracts is recognised in accordance with the stage of completion of the contract at the reporting date, when the outcome of the contract can be estimated reliably. Stage of completion is measured by reference to the achievement of contractual milestones or, where appropriate, the proportion of costs incurred to date compared with the estimated total contract costs.
Where milestone payments are received in advance of performance, amounts are recorded as deferred revenue within creditors and recognised as revenue when the related services are performed.
Where services have been performed in advance of the contractual right to invoice, the revenue is recognised as accrued income within debtors, with associated costs recognised in the same period to ensure matching.
If the outcome of a consultancy contract cannot be estimated reliably, revenue is recognised only to the extent of recoverable costs incurred. Expected losses are recognised immediately as an expense in the profit and loss account.
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
Computer equipment
Over 4 years
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The website is being amortised over a useful life of 10 years.
Lavasource Ltd
Notes to the Accounts
for the year ended 31 March 2026
Current and Deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
* The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
* Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined
using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Lavasource Ltd
Notes to the Accounts
for the year ended 31 March 2026
The company finances certain trade receivables under an invoice factoring arrangement. Where the company retains substantially all the risks and rewards of ownership of the receivables, the receivables remain recognised in the Statement of Financial Position within trade debtors. A corresponding liability is recognised within creditors for the amounts advanced by the finance provider. The liability is reduced as the finance provider receives settlement from customers. Fees and charges arising under the facility are recognised in the profit and loss account as finance costs when incurred.
Where trade receivables are sold to a finance provider under a non-recourse facility, the company transfers substantially all the risks and rewards of ownership. The receivables are therefore derecognised from the Statement of Financial Position. Cash received is recognised, and any difference between the carrying amount of the receivable and the proceeds received, including related fees and charges, is recognised in the profit and loss account as a finance cost.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Intangible fixed assets
Other
Charge for the year
16,342
Lavasource Ltd
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
1,659,836
652,529
Amounts due from group undertakings etc.
165,027
526
Deferred tax asset
-
80,000
Accrued income and prepayments
1,899
254,635
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
718,152
203,049
Amounts owed to group undertakings and other participating interests
-
58,477
Taxes and social security
366,263
235,610
Other creditors
168,476
337,970
8
Creditors: amounts falling due after more than one year
2026
2025
Lavasource Ltd
Notes to the Accounts
for the year ended 31 March 2026
9
Operating lease commitments
2026
2025
At 31 March 2026 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
-
13,081
Later than one year and not later than five years
-
13,081
The company is a wholly owned subsidiary of Lavasource Holding Ltd, a company incorporated in England and Wales.
The directors consider Lavasource Holding Ltd to be the company’s immediate parent undertaking and controlling party by virtue of its 100% shareholding in the company.
Lavasource Holding Ltd has the same registered office address as the company: The Innovation Centre, Keckwick Lane, Daresbury, Warrington, Cheshire, United Kingdom, WA4 4FS.
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Average number of employees
During the year the average number of employees was 5 (2025: 5).