Lwlama Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04465328

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		-		191

			-		191
CURRENT ASSETS
Debtors	6	450,493		455,728
Cash at bank and in hand		41,330		82,891

		491,823		538,619
Creditors: Amounts Falling Due Within One Year	7	(28,768 )		(28,930 )

NET CURRENT ASSETS (LIABILITIES)			463,055		509,689

TOTAL ASSETS LESS CURRENT LIABILITIES			463,055		509,880

NET ASSETS			463,055		509,880

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			462,955		509,780

SHAREHOLDERS' FUNDS			463,055		509,880

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 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.

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

Mr L Lama

Director

20/11/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Lwlama Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04465328 . The registered office is Maytree Cottage, Ewell Minnis, Dover, CT15 7DY.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Statement of Compliance

The financial statements have been prepared 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.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company’s ability to continue as a going concern.

3.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

3.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of revenue from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.5. 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:

Fixtures & Fittings

20% on cost

3.6. 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.

3.7. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

3.8. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

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Lwlama Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3.9. 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.

Current tax is 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.

3.10. Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 July 2024	954

As at 30 June 2025	954

Depreciation
As at 1 July 2024	763
Provided during the period	191

As at 30 June 2025	954

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	191

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	450,493	455,728

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	790	1,041
Other creditors	26,328	26,329
Accruals	1,650	1,560

	28,768	28,930

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Lwlama Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Disclosures

During the year LW Lama and Mrs MA Lama, both directors and shareholders of the company, repaid the company £ 64,181 (2024: £55,150) and borrowed £ 39,929 (2024:£51,578). Interest of £3,174 (2024: £2,861) was charged on the loan during the year, calculated at 2.25% (2024: 2.25%). The amount due owed by the directors at the balance sheet date was £ 96,994 (2024: £118,072)

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