Laing Leasing Limited - Accounts to registrar (filleted) - small 23.1.2

Laing Leasing Limited - Accounts to registrar (filleted) - small 23.1.2

LAING LEASING LIMITED - Company Information

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REGISTERED NUMBER: SC230559 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Laing Leasing Limited
Laing Leasing Limited (Registered number: SC230559)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laing Leasing Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: N Duffus





SECRETARY: Add Accountancy Limited





REGISTERED OFFICE: 6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC230559 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA
Page 1
Laing Leasing Limited (Registered number: SC230559)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,092 234,092

CURRENT ASSETS
Debtors 5 506,799 505,799
Cash at bank 4,931 1,994
511,730 507,793
CREDITORS
Amounts falling due within one year 6 38,721 38,767
NET CURRENT ASSETS 473,009 469,026
TOTAL ASSETS LESS CURRENT
LIABILITIES
707,101
703,118

CREDITORS
Amounts falling due after more than one
year
7
340,707
350,077
NET ASSETS 366,394 353,041

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 366,392 353,039
SHAREHOLDERS' FUNDS 366,394 353,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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...
Laing Leasing Limited (Registered number: SC230559)

Balance Sheet - continued
31 July 2022


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 director and authorised for issue on 25 April 2023 and were signed by:





N Duffus - Director


The notes form part of these financial statements

Page 3
Laing Leasing Limited (Registered number: SC230559)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Laing Leasing Limited is a private company, limited by shares , registered in Scotland. 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2021
and 31 July 2022 234,092
NET BOOK VALUE
At 31 July 2022 234,092
At 31 July 2021 234,092

Page 4 continued...
Laing Leasing Limited (Registered number: SC230559)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 55,947 54,947
Other debtors 450,852 450,852
506,799 505,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade creditors 11,858 11,453
Taxation and social security 7,569 8,740
Other creditors 19,294 18,574
38,721 38,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Other creditors 340,707 350,077

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 263,652

Page 5