Laser Alarms Limited - Accounts to registrar (filleted) - small 18.2

Laser Alarms Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01915275 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

LASER ALARMS LIMITED

LASER ALARMS LIMITED (REGISTERED NUMBER: 01915275)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LASER ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2019







DIRECTORS: C A Lutton
D P Lutton





SECRETARY: C A Lutton





REGISTERED OFFICE: Laser House
Newton Avenue
Gloucester
Gloucestershire
GL4 4LT





REGISTERED NUMBER: 01915275 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
The Garden Suite
23 Westfield Park
Redland
Bristol
BS6 6LT

LASER ALARMS LIMITED (REGISTERED NUMBER: 01915275)

BALANCE SHEET
30 June 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 270,000 270,000
Tangible assets 5 5,142 6,563
275,142 276,563

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 112,766 101,653
Cash at bank and in hand 30,249 30,573
173,015 162,226
CREDITORS
Amounts falling due within one year 7 208,792 207,133
NET CURRENT LIABILITIES (35,777 ) (44,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,365

231,656

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 215,488 215,488
Retained earnings 22,877 15,168
SHAREHOLDERS' FUNDS 239,365 231,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 March 2020 and were signed on its behalf by:





C A Lutton - Director


LASER ALARMS LIMITED (REGISTERED NUMBER: 01915275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2019

1. STATUTORY INFORMATION

Laser Alarms Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2018
and 30 June 2019 270,000
NET BOOK VALUE
At 30 June 2019 270,000
At 30 June 2018 270,000

LASER ALARMS LIMITED (REGISTERED NUMBER: 01915275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2019

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2018
and 30 June 2019 32,130 51,233 57,650 7,805 148,818
DEPRECIATION
At 1 July 2018 27,752 49,048 57,650 7,805 142,255
Charge for year 291 1,130 - - 1,421
At 30 June 2019 28,043 50,178 57,650 7,805 143,676
NET BOOK VALUE
At 30 June 2019 4,087 1,055 - - 5,142
At 30 June 2018 4,378 2,185 - - 6,563

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 112,766 101,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts - 9,951
Trade creditors 52,121 48,019
Taxation and social security 13,300 11,945
Other creditors 143,371 137,218
208,792 207,133

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank overdraft - 9,951

The bank overdraft and loans are secured by way of a fixed and floating charge over the undertaking and all property and
assets present and future.

9. RELATED PARTY DISCLOSURES

The company leased land and buildings from Glevum Financial Services Limited, a company under common control, during
the year. Rent paid in respect of the year ended 30 June 2019 amounted to £11,700 (2018: £1,700).

The company also paid management charges of £11,700 (2018: £11,700) and vehicle leasing charges of £42,400 (2018:
£41,600) to Glevum Financial Services Limited..

At the end of the year, the company owed £80,924 (2018: £80,924) to Glevum Financial Services Limited which is shown
in other creditors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by C A Lutton.