Company Registration No. 10575209 (England and Wales)
Laka Ltd
Unaudited accounts
for the year ended 31 December 2019
Laka Ltd
Unaudited accounts
Contents
Laka Ltd
Company Information
for the year ended 31 December 2019
Directors
Mr Benjamin Allen
Mr Jens Hartwig
Mr Tobias Taupitz
Mr Michael Jordan
Company Number
10575209 (England and Wales)
Registered Office
7 East Tenter Steet
London
E1 8DN
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Laka Ltd
Statement of financial position
as at
31 December 2019
Tangible assets
10,573
14,765
Investments
249,167
64,500
Cash at bank and in hand
120,685
478,539
Creditors: amounts falling due within one year
(131,605)
(28,250)
Net current assets
80,448
457,110
Net assets
340,188
536,375
Called up share capital
18
17
Share premium
2,104,958
1,319,973
Profit and loss account
(1,764,788)
(783,615)
Shareholders' funds
340,188
536,375
For the year ending 31 December 2019 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.
Approved by the Board on 10 February 2020.
Mr Tobias Taupitz
Director
Company Registration No. 10575209
Laka Ltd
Notes to the Accounts
for the year ended 31 December 2019
Laka Ltd is a private company, limited by shares, registered in England and Wales, registration number 10575209. The registered office is 7 East Tenter Steet, London, E1 8DN, 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.
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.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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:
Other tangible fixed assets
25%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the management charge applied for providing insurance related services as an agent. It excludes the cost of claims incurred to settle claims and the corresponding claims income after spreading the cost of claims amongst Laka Limited's customer base.
Investments in shares are included at fair value less impairment. There were no impairment indicators during the financial year.
Research and development tax credit
During the financial year, Laka Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Laka Ltd
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2019
2,944
13,678
16,622
At 31 December 2019
2,944
13,678
16,622
At 1 January 2019
803
1,054
1,857
Charge for the year
772
3,420
4,192
At 31 December 2019
1,575
4,474
6,049
At 31 December 2019
1,369
9,204
10,573
At 31 December 2018
2,141
12,624
14,765
5
Investments
Subsidiary undertakings
Valuation at 1 January 2019
64,500
Valuation at 31 December 2019
249,167
The investments during the period included a £172,667 capital contribution into Laka MY Sdn Bhd (Co Reg: 1293075-K), and £71,500 into Laka Trade Limited (Co Reg: 11643726).
Trade debtors
67,162
3,797
Amounts due from group undertakings etc.
18,158
-
Other debtors
6,048
3,024
7
Creditors: amounts falling due within one year
2019
2018
Amounts owed to group undertakings and other participating interests
-
688
Other creditors
76,782
34,070
Loans from directors
(1,500)
(9,600)
Laka Ltd
Notes to the Accounts
for the year ended 31 December 2019
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan balance for director
9,600
-
8,100
1,500
9
Average number of employees
During the year the average number of employees was 12 (2018: 8).