Launch Pad Strategies Limited - Accounts to registrar (filleted) - small 18.2

Launch Pad Strategies Limited - Accounts to registrar (filleted) - small 18.2

LAUNCH PAD STRATEGIES LIMITED - Company Information

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REGISTERED NUMBER: 06795803 (England and Wales)















LAUNCH PAD STRATEGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JULY 2020





Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS








LAUNCH PAD STRATEGIES LIMITED (REGISTERED NUMBER: 06795803)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

LAUNCH PAD STRATEGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JULY 2020







DIRECTOR: P A Dabner





REGISTERED OFFICE: St Ledger House
112 London Road
Southborough
Tunbridge Wells
Kent
TN4 0PN





REGISTERED NUMBER: 06795803 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS
Page 1
LAUNCH PAD STRATEGIES LIMITED (REGISTERED NUMBER: 06795803)

BALANCE SHEET
29 JULY 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Stocks 423,180 300,077
Debtors 4 958,122 562,272
Cash at bank 33,365 6
1,414,667 862,355
CREDITORS
Amounts falling due within one year 5 (421,467 ) (16,155 )
NET CURRENT ASSETS 993,200 846,200
TOTAL ASSETS LESS CURRENT
LIABILITIES
993,200
846,200

CREDITORS
Amounts falling due after more than one
year
6
(1,050,945
)
(903,945
)
NET LIABILITIES (57,745 ) (57,745 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 10,121 10,121
Retained earnings (67,966 ) (67,966 )
(57,745 ) (57,745 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
LAUNCH PAD STRATEGIES LIMITED (REGISTERED NUMBER: 06795803)

BALANCE SHEET - continued
29 JULY 2020


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 director and authorised for issue on 25 November 2021 and were signed by:





P A Dabner - Director


The notes form part of these financial statements

Page 3
LAUNCH PAD STRATEGIES LIMITED (REGISTERED NUMBER: 06795803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JULY 2020

1. STATUTORY INFORMATION

Launch Pad Strategies 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 54,923 54,923
Sundry debtors 903,199 507,349
958,122 562,272

Page 4 continued...
LAUNCH PAD STRATEGIES LIMITED (REGISTERED NUMBER: 06795803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JULY 2020

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Sundry creditors 415,855 10,855
Accrued expenses 5,612 5,300
421,467 16,155

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Other loans - 1-2 years 782,145 635,145
Sundry creditors 268,800 268,800
1,050,945 903,945

Page 5
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LAUNCH PAD STRATEGIES LIMITED

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Launch Pad Strategies Limited for the year ended 29 July 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Launch Pad Strategies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Launch Pad Strategies Limited and state those matters that we have agreed to state to the director of Launch Pad Strategies Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Launch Pad Strategies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Launch Pad Strategies Limited. You consider that Launch Pad Strategies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Launch Pad Strategies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS


25 November 2021

This page does not form part of the statutory financial statements

Page 6