Company Registration No. 10575209 (England and Wales)
Laka Ltd
Unaudited accounts
for the year ended 31 December 2018
Laka Ltd
Unaudited accounts
Contents
Laka Ltd
Company Information
for the year ended 31 December 2018
Directors
Mr Ben Allen
Mr Jens Hartwig
Mr Tobias Taupitz
Mr Michael John Jordan
Company Number
10575209 (England and Wales)
Registered Office
44 Great Marlborough Street
London
W1F 7JL
UK
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Laka Ltd
Statement of financial position
as at
31 December 2018
Tangible assets
14,765
1,400
Cash at bank and in hand
478,539
45,234
Creditors: amounts falling due within one year
(28,250)
(63,629)
Net current assets/(liabilities)
457,110
(3,395)
Net assets/(liabilities)
536,375
(1,995)
Called up share capital
17
13
Share premium
1,319,973
239,998
Profit and loss account
(783,615)
(242,006)
Shareholders' funds
536,375
(1,995)
For the year ending 31 December 2018 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 12 February 2019.
Mr Tobias Taupitz
Director
Company Registration No. 10575209
Laka Ltd
Notes to the Accounts
for the year ended 31 December 2018
Laka Ltd is a private company, limited by shares, registered in England and Wales, registration number 10575209. The registered office is 44 Great Marlborough Street, London, W1F 7JL, UK.
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
Investments in shares are included at fair value.
Laka Ltd
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2018
1,771
-
1,771
Additions
1,173
13,678
14,851
At 31 December 2018
2,944
13,678
16,622
At 1 January 2018
371
-
371
Charge for the year
432
1,054
1,486
At 31 December 2018
803
1,054
1,857
At 31 December 2018
2,141
12,624
14,765
At 31 December 2017
1,400
-
1,400
5
Investments
Subsidiary undertakings
Valuation at 1 January 2018
-
Valuation at 31 December 2018
64,500
The investments during the period included a £60,500 capital contribution into Laka MY Sdn Bhd (Co Reg: 1293075-K), and £5,000 into Laka Trade Limited (Co Reg: 11643726).
Other debtors
3,024
15,000
7
Creditors: amounts falling due within one year
2018
2017
Amounts owed to group undertakings and other participating interests
688
-
Taxes and social security
-
5,124
Other creditors
34,070
40,910
Loans from directors
(9,600)
13,345
Laka Ltd
Notes to the Accounts
for the year ended 31 December 2018
8
Share capital
2018
2017
Allotted, called up and fully paid:
135,538 Ordinary shares of £0.0001 each
13.55
12.52
25,043 A Preferred of £0.0001 each
2.50
-
Shares issued during the period:
10,243 Ordinary shares of £0.0001 each
1.02
25,043 A Preferred of £0.0001 each
2.50
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan balance for director
-
9,600
-
9,600
10
Average number of employees
During the year the average number of employees was 8 (2017: 4).