15 November 2020 false No description of principal activity Taxfiler 2022.8.3 13021411business:PrivateLimitedCompanyLtd2020-11-152021-11-30 130214112020-11-14 130214112020-11-152021-11-30 13021411business:AuditExempt-NoAccountantsReport2020-11-152021-11-30 13021411business:FullAccounts2020-11-152021-11-30 130214112021-11-30 13021411business:Director12020-11-152021-11-30 13021411business:RegisteredOffice2020-11-152021-11-30 13021411core:WithinOneYear2021-11-30 13021411core:SharePremium2021-11-30 13021411core:RetainedEarningsAccumulatedLosses2021-11-30 13021411business:SmallEntities2020-11-152021-11-30 13021411countries:EnglandWales2020-11-152021-11-30 13021411core:PlantMachinery2020-11-152021-11-30 13021411core:PlantMachinery2020-11-14 13021411core:PlantMachinery2021-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13021411 (England and Wales)
Laser Canvas Ltd Unaudited accounts for the period from 15 November 2020 to 30 November 2021
Laser Canvas Ltd Unaudited accounts Contents
Page
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Laser Canvas Ltd Company Information for the period from 15 November 2020 to 30 November 2021
Director
Sandra Sharma
Company Number
13021411 (England and Wales)
Registered Office
24 TURNHOUSE CRESCENT WOLVERHAMPTON WV2 2AN ENGLAND
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Laser Canvas Ltd Statement of financial position as at 30 November 2021
2021 
Notes
£ 
Fixed assets
Tangible assets
4,584 
Current assets
Inventories
240 
Creditors: amounts falling due within one year
(5,436)
Net current liabilities
(5,196)
Net liabilities
(612)
Capital and reserves
Share premium
1 
Profit and loss account
(613)
Shareholders' funds
(612)
For the period ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2022 and were signed on its behalf by
Sandra Sharma Director Company Registration No. 13021411
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Laser Canvas Ltd Notes to the Accounts for the period from 15 November 2020 to 30 November 2021
1
Statutory information
Laser Canvas Ltd is a private company, limited by shares, registered in England and Wales, registration number 13021411. The registered office is 24 TURNHOUSE CRESCENT, WOLVERHAMPTON, WV2 2AN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Laser Canvas Ltd Notes to the Accounts for the period from 15 November 2020 to 30 November 2021
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 15 November 2020
- 
Additions
5,093 
At 30 November 2021
5,093 
Depreciation
Charge for the period
509 
At 30 November 2021
509 
Net book value
At 30 November 2021
4,584 
5
Creditors: amounts falling due within one year
2021 
£ 
Loans from directors
5,436 
6
Average number of employees
During the period the average number of employees was 0.
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