IRIS Accounts Production v23.3.0.418 06085897 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060858972022-02-28060858972023-02-28060858972022-03-012023-02-28060858972021-02-28060858972021-03-012022-02-28060858972022-02-2806085897ns10:Originalns15:EnglandWales2022-03-012023-02-2806085897ns14:PoundSterlingns10:Original2022-03-012023-02-2806085897ns10:Originalns10:Director12022-03-012023-02-2806085897ns10:Original2022-03-012023-02-2806085897ns10:Original2023-02-2806085897ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2806085897ns10:Originalns10:SmallEntities2022-03-012023-02-2806085897ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-2806085897ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806085897ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2806085897ns10:Originalns10:FullAccounts2022-03-012023-02-2806085897ns10:Originalns10:Director22022-03-012023-02-2806085897ns10:Originalns10:RegisteredOffice2022-03-012023-02-2806085897ns10:Original2022-02-2806085897ns10:Originalns5:CurrentFinancialInstruments2023-02-2806085897ns10:Originalns5:CurrentFinancialInstruments2022-02-2806085897ns5:ShareCapitalns10:Original2023-02-2806085897ns5:ShareCapitalns10:Original2022-02-2806085897ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2806085897ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2806085897ns10:Originalns5:PlantMachinery2022-03-012023-02-2806085897ns10:Originalns5:ComputerEquipment2022-03-012023-02-2806085897ns10:Original2021-03-012022-02-2806085897ns10:Originalns5:PlantMachinery2022-02-2806085897ns10:Originalns5:ComputerEquipment2022-02-2806085897ns10:Original2022-02-2806085897ns10:Originalns5:PlantMachinery2023-02-2806085897ns10:Originalns5:ComputerEquipment2023-02-2806085897ns10:Originalns5:PlantMachinery2022-02-2806085897ns10:Originalns5:ComputerEquipment2022-02-2806085897ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806085897ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2806085897ns10:Originalns10:Director222022-02-2806085897ns10:Originalns10:Director222021-02-2806085897ns10:Originalns10:Director222022-03-012023-02-2806085897ns10:Originalns10:Director222021-03-012022-02-2806085897ns10:Originalns10:Director222023-02-2806085897ns10:Originalns10:Director222022-02-2806085897ns10:Original1ns10:Director12022-02-2806085897ns10:Original1ns10:Director12021-02-2806085897ns10:Original1ns10:Director12022-03-012023-02-2806085897ns10:Original1ns10:Director12021-03-012022-02-2806085897ns10:Original1ns10:Director12023-02-2806085897ns10:Original1ns10:Director12022-02-28
REGISTERED NUMBER: 06085897 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Laser Technologies Limited

Laser Technologies Limited (Registered number: 06085897)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Laser Technologies Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: I Sellar
J Sellar





REGISTERED OFFICE: No 3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 06085897 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Laser Technologies Limited (Registered number: 06085897)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 5,123 6,028

CURRENT ASSETS
Debtors 5 6,699 40,966
Cash at bank 2,573 4,226
9,272 45,192
CREDITORS
Amounts falling due within one year 6 5,289 6,826
NET CURRENT ASSETS 3,983 38,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,106

44,394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,006 44,294
SHAREHOLDERS' FUNDS 9,106 44,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Laser Technologies Limited (Registered number: 06085897)

Balance Sheet - continued
28 February 2023


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 Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





J Sellar - Director


Laser Technologies Limited (Registered number: 06085897)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Laser Technologies 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Laser Technologies Limited (Registered number: 06085897)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 March 2022
and 28 February 2023 52,076 2,918 54,994
DEPRECIATION
At 1 March 2022 46,800 2,166 48,966
Charge for year 792 113 905
At 28 February 2023 47,592 2,279 49,871
NET BOOK VALUE
At 28 February 2023 4,484 639 5,123
At 28 February 2022 5,276 752 6,028

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Trade debtors 3,540 8,844
Other debtors 1,000 1,000
PAYE 364 493
Directors' loan accounts - 29,408
Tax 1,063 -
Prepayments 732 1,221
6,699 40,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Trade creditors 113 -
Tax - 3,101
Social security and other taxes 1,331 2,750
Directors' loan accounts 2,870 -
Accrued expenses 975 975
5,289 6,826

Laser Technologies Limited (Registered number: 06085897)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£ £
I Sellar
Balance outstanding at start of year 14,703 5,714
Amounts advanced - 14,704
Amounts repaid (14,703 ) (5,715 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,703

J Sellar
Balance outstanding at start of year 14,705 5,716
Amounts advanced - 14,704
Amounts repaid (14,705 ) (5,715 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,705

Laser Technologies Limited

Report of the Accountants to the Directors of
Laser Technologies Limited

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

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


6 October 2023