Lazerline Projects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11752966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

LAZERLINE PROJECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

S M Hirani

P Kara

REGISTERED OFFICE:

248 Church Lane

London

NW9 8SL

REGISTERED NUMBER:

11752966 (England and Wales)

ACCOUNTANTS:

Gill & Company

248 Church Lane

Kingsbury

London

NW9 8SL

FIXED ASSETS

Tangible assets

4

31,902

37,775

CURRENT ASSETS

Stocks

4,500

10,208

Debtors

5

4,635

6,635

Prepayments and accrued income

1,402

1,621

Cash at bank

19,953

7,174

30,490

25,638

CREDITORS

Amounts falling due within one year

6

19,422

29,047

NET CURRENT ASSETS/(LIABILITIES)

11,068

(3,409

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,970

34,366

CREDITORS

Amounts falling due after more than one year

7

16,745

27,949

NET ASSETS

26,225

6,417

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

26,223

6,415

SHAREHOLDERS' FUNDS

26,225

6,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2022 and were signed on its behalf by:

S M Hirani - Director

P Kara - Director

1.	STATUTORY INFORMATION

Lazerline Projects Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2021

and 31 January 2022

52,179

DEPRECIATION

At 1 February 2021

14,404

Charge for year

5,873

At 31 January 2022

20,277

NET BOOK VALUE

At 31 January 2022

31,902

At 31 January 2021

37,775

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

2,000

Other debtors

4,635

4,635

4,635

6,635

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

7,968

8,063

Taxation and social security

1,923

3,628

Other creditors

9,531

17,356

19,422

29,047

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

16,745

27,949

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2022 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Gill & Company

248 Church Lane

Kingsbury

London

NW9 8SL

6 October 2022