1 January 2019 false No description of principal activity Taxfiler 2019.12.Web true 10575209 business:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 10575209 2018-12-31 10575209 2019-01-01 2019-12-31 10575209 business:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 10575209 business:FullAccounts 2019-01-01 2019-12-31 10575209 2019-12-31 10575209 business:Director1 2019-01-01 2019-12-31 10575209 business:Director2 2019-01-01 2019-12-31 10575209 business:Director3 2019-01-01 2019-12-31 10575209 business:Director4 2019-01-01 2019-12-31 10575209 business:RegisteredOffice 2019-01-01 2019-12-31 10575209 2018-12-31 10575209 core:WithinOneYear 2019-12-31 10575209 core:WithinOneYear 2018-12-31 10575209 core:ShareCapital 2019-12-31 10575209 core:ShareCapital 2018-12-31 10575209 core:SharePremium 2019-12-31 10575209 core:SharePremium 2018-12-31 10575209 core:RetainedEarningsAccumulatedLosses 2019-12-31 10575209 core:RetainedEarningsAccumulatedLosses 2018-12-31 10575209 business:SmallEntities 2019-01-01 2019-12-31 10575209 countries:EnglandWales 2019-01-01 2019-12-31 10575209 core:FurnitureFittings 2019-01-01 2019-12-31 10575209 core:ComputerEquipment 2019-01-01 2019-12-31 10575209 core:OtherPropertyPlantEquipment 2019-01-01 2019-12-31 10575209 core:FurnitureFittings 2018-12-31 10575209 core:ComputerEquipment 2018-12-31 10575209 core:FurnitureFittings 2019-12-31 10575209 core:ComputerEquipment 2019-12-31 10575209 core:AdditionsToInvestments 2019-12-31 10575209 business:Director3 1 2019-01-01 2019-12-31 10575209 business:Director3 1 2018-12-31 10575209 business:Director3 1 2019-12-31 10575209 2018-01-01 2018-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10575209 (England and Wales)
Laka Ltd Unaudited accounts for the year ended 31 December 2019
Laka Ltd Unaudited accounts Contents
Page
- 2 -
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
- 3 -
Laka Ltd Statement of financial position as at 31 December 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,573 
14,765 
Investments
5
249,167 
64,500 
259,740 
79,265 
Current assets
Debtors
6
91,368 
6,821 
Cash at bank and in hand
120,685 
478,539 
212,053 
485,360 
Creditors: amounts falling due within one year
7
(131,605)
(28,250)
Net current assets
80,448 
457,110 
Net assets
340,188 
536,375 
Capital and reserves
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
- 4 -
Laka Ltd Notes to the Accounts for the year ended 31 December 2019
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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:
Fixtures & fittings
25%
Computer equipment
25%
Other tangible fixed assets
25%
Turnover
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
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.
- 5 -
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 
Depreciation
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 
Net book value
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 
Additions
184,667 
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).
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
67,162 
3,797 
Amounts due from group undertakings etc.
18,158 
- 
Other debtors
6,048 
3,024 
91,368 
6,821