ACCOUNTS - Final Accounts preparation

LASER CLEANING UK LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falsefalse02022-04-14No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14048065 2022-04-13 14048065 2022-04-14 2023-04-30 14048065 2021-04-14 2022-04-13 14048065 2023-04-30 14048065 c:Director1 2022-04-14 2023-04-30 14048065 d:PlantMachinery 2022-04-14 2023-04-30 14048065 d:PlantMachinery 2023-04-30 14048065 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-14 2023-04-30 14048065 d:CurrentFinancialInstruments 2023-04-30 14048065 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14048065 d:ShareCapital 2023-04-30 14048065 d:RetainedEarningsAccumulatedLosses 2023-04-30 14048065 c:OrdinaryShareClass1 2022-04-14 2023-04-30 14048065 c:OrdinaryShareClass1 2023-04-30 14048065 c:OrdinaryShareClass2 2022-04-14 2023-04-30 14048065 c:OrdinaryShareClass2 2023-04-30 14048065 c:FRS102 2022-04-14 2023-04-30 14048065 c:AuditExempt-NoAccountantsReport 2022-04-14 2023-04-30 14048065 c:FullAccounts 2022-04-14 2023-04-30 14048065 c:PrivateLimitedCompanyLtd 2022-04-14 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14048065

LASER CLEANING UK LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

LASER CLEANING UK LTD

REGISTERED NUMBER: 14048065

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2023

		2023
Note		£

Fixed assets
Tangible assets	4		13,468
			13,468
Current assets
Debtors: amounts falling due within one year	5	1,778
Cash at bank and in hand	6	4,857
		6,635
Creditors: amounts falling due within one year	7	(47,847)
Net current (liabilities)/assets			(41,212)
Total assets less current liabilities			(27,744)

Net (liabilities)/assets			(27,744)

Capital and reserves
Called up share capital	8	2
Profit and loss account		(27,746)
		(27,744)

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LASER CLEANING UK LTD

REGISTERED NUMBER: 14048065

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 December 2023.

J M Pate

Director

The notes on pages 3 to 6 form part of these financial statements.

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LASER CLEANING UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

1.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery

20%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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LASER CLEANING UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

1.Accounting policies (continued)

1.6

Financial instruments (continued)

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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LASER CLEANING UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

2.	General information

Laser Cleaning UK Ltd is a private company, limited by shares and incorporated in England.
Its registered number is: 14048065
The Registered office address is:
Invision House
Wilbury Way
Hitchin
Herts
SG4 0TY

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	Additions	16,835
	At 30 April 2023	16,835
	Depreciation
	Charge for the period on owned assets	3,367
	At 30 April 2023	3,367
	Net book value
	At 30 April 2023	13,468

Debtors

					2023
					£


	Other debtors	41
	Prepayments and accrued income	1,737
		1,778

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LASER CLEANING UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2023

6.	Cash and cash equivalents
		2023
		£

	Cash at bank and in hand	4,857
		4,857

7.	Creditors: Amounts falling due within one year
		2023
		£

	Trade creditors	1,160
	Other creditors	46,087
	Accruals and deferred income	600
		47,847

8.	Share capital
		2023
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1
		1 Ordinary B share of £1.00	1

			2

During the period the Company issued one Ordinary £1 share and one Ordinary B £1 share for a total consideration of £2.

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