Laptronic Systems Limited - Full Accounts
Laptronic Systems Limited - Full Accounts
for the year ended 30th April 2017
CONTENTS
for the year ended 30th April 2017
The Accounts are comprised of the following:
Statement of Financial Position
Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.
Company No.
STATEMENT OF FINANCIAL POSITION
as at 30th April 2017
| 2016 | ||||||
| Note | £ | £ | £ | |||
| FIXED ASSETS | ||||||
| Property, plant and equipment | 4 | |||||
| CURRENT ASSETS | ||||||
| Inventories | 5 | |||||
| Debtors | 6 | |||||
| Cash at bank and in hand | ||||||
| CURRENT LIABILITIES | ||||||
| Creditors: amounts falling due | ||||||
| within one year | 7 | |||||
| NET CURRENT ASSETS | ||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||
| Creditors: amounts falling due | ||||||
| after more than one year | - | - | ||||
| NET ASSETS | ||||||
| CAPITAL AND RESERVES | ||||||
| Called up share capital | ||||||
| Retained earnings | ||||||
| SHAREHOLDERS FUNDS | ||||||
Approved by the Board on
Director
Company Number
NOTES TO THE ACCOUNTS
for the year ended 30th April 2017
1 Statutory information
These financial statements are presented in Sterling, which is the functional currency of the company.
2 Accounting policies
Basis of preparation of financial statements
Depreciation
Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant, machinery and vehicles |
Inventories
Foreign Currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. All differences are taken to the Income Statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.
3 Employee information
The average number of employees during the accounting period was
| 4 Property, plant and equipment | |||||||||||
| Plant | |||||||||||
| Motor | and | ||||||||||
| Vehicles | Machinery | Total | |||||||||
| £ | £ | £ | |||||||||
| Cost | |||||||||||
| At 1st May 2016 | |||||||||||
| Additions | - | ||||||||||
| At 30th April 2017 | |||||||||||
| Depreciation | |||||||||||
| At 1st May 2016 | |||||||||||
| Charge for year | |||||||||||
| At 30th April 2017 | |||||||||||
| Net Book Value | |||||||||||
| At 30th April 2017 | |||||||||||
| At 30th April 2016 | |||||||||||
| 5 Inventories | 2017 | 2016 | |
| £ | £ | ||
| Finished goods and goods for resale | |||
The difference between purchase price or production cost of inventories and their replacement cost is not material.
| 6 Debtors | 2017 | 2016 | |
| £ | £ | ||
| Trade Debtors | |||
| Prepayments and accrued income | |||
| 7 Creditors: amounts falling due within one year | 2017 | 2016 | |
| £ | £ | ||
| Loans and Overdrafts | |||
| Trade Creditors | |||
| Corporation tax | |||
| Taxes and social security costs | |||
| Other creditors | |||
| Accruals and deferred income | |||
8 Transactions with Directors
There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".
| 2017 | 2016 | ||
| £ | £ | ||
| 563 | 20563 | ||