Luka Smart Ltd

Luka Smart Ltd from Castleford UK: small company, holding company, active status, founded 3 years ago, 2 employees, £7,153 assets, real address, 2 directors, 1 owner, e-commerce site. It’s a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company functions as a holding company, actively trading and operating an e-commerce site focused on educational products for children.

The website, Luka Reads, showcases a unique offering: a reading robot companion named Luka. This robot recognizes and reads over 20,000 English picture books and 70,000 Chinese titles, constantly updating its library. The site sells the robot itself, accessories like silicone covers, and a range of books, including Odonata series graded readers and flashcards. It's a clear focus on leveraging technology to enhance children's literacy, with a strong emphasis on both English and Chinese language learning. The site also features free printables and tutorials, suggesting a commitment to supporting parents and educators.

Financially, Luka Smart Ltd’s report paints a picture of a company facing some challenges. Current assets have plummeted by a staggering 95%, dropping to just £7,200. Net assets have also experienced a significant decline, falling 110% to a positive £2,500. Bank borrowings are non-existent, and cash reserves are similarly low. Trade debtors have vanished completely, which could be a good sign of efficient payment collection, but also indicates a lack of outstanding invoices. While creditors have also decreased significantly, it's not enough to offset the overall negative trend. The company’s small size and lack of employees (just two) contribute to its agility, but the sharp decline in assets raises concerns about its financial health. There’s no auditor mentioned, likely due to its small size and exemption from an audit.

It seems Luka Smart Ltd is burning through cash, likely reinvesting in its technology and marketing efforts to grow its user base. Whether this strategy will pay off remains to be seen, but the company’s innovative product and focus on a niche market could position it for long-term success.

Registered in England/Wales under the registration number 13876600, with a registered address at WF10 5PY, England, Castleford, Unit 7 Speedwell Road, Whitwood.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.