2022-02-012023-01-312023-01-31false12412528LAUNSTON GROUP LIMITED2023-10-1943220iso4217:GBPxbrli:pure124125282022-02-01124125282023-01-31124125282022-02-012023-01-31124125282021-02-01124125282022-01-31124125282021-02-012022-01-3112412528bus:SmallEntities2022-02-012023-01-3112412528bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3112412528bus:FullAccounts2022-02-012023-01-3112412528bus:PrivateLimitedCompanyLtd2022-02-012023-01-3112412528core:WithinOneYear2023-01-3112412528core:AfterOneYear2023-01-3112412528core:WithinOneYear2022-01-3112412528core:AfterOneYear2022-01-311241252812022-02-012023-01-3112412528core:ShareCapital2023-01-3112412528core:SharePremium2023-01-3112412528core:RevaluationReserve2023-01-3112412528core:OtherReservesSubtotal2023-01-3112412528core:RetainedEarningsAccumulatedLosses2023-01-3112412528core:ShareCapital2022-01-3112412528core:SharePremium2022-01-3112412528core:RevaluationReserve2022-01-3112412528core:OtherReservesSubtotal2022-01-3112412528core:RetainedEarningsAccumulatedLosses2022-01-3112412528core:LandBuildings2023-01-3112412528core:PlantMachinery2023-01-3112412528core:Vehicles2023-01-3112412528core:FurnitureFittings2023-01-3112412528core:OfficeEquipment2023-01-3112412528core:NetGoodwill2023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2023-01-3112412528core:ListedExchangeTraded2023-01-3112412528core:UnlistedNon-exchangeTraded2023-01-3112412528core:LandBuildings2022-01-3112412528core:PlantMachinery2022-01-3112412528core:Vehicles2022-01-3112412528core:FurnitureFittings2022-01-3112412528core:OfficeEquipment2022-01-3112412528core:NetGoodwill2022-01-3112412528core:IntangibleAssetsOtherThanGoodwill2022-01-3112412528core:ListedExchangeTraded2022-01-3112412528core:UnlistedNon-exchangeTraded2022-01-3112412528core:LandBuildings2022-02-012023-01-3112412528core:PlantMachinery2022-02-012023-01-3112412528core:Vehicles2022-02-012023-01-3112412528core:FurnitureFittings2022-02-012023-01-3112412528core:OfficeEquipment2022-02-012023-01-3112412528core:NetGoodwill2022-02-012023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112412528core:ListedExchangeTraded2022-02-012023-01-3112412528core:UnlistedNon-exchangeTraded2022-02-012023-01-3112412528core:MoreThanFiveYears2022-02-012023-01-3112412528core:Non-currentFinancialInstruments2023-01-3112412528core:Non-currentFinancialInstruments2022-01-3112412528dpl:CostSales2022-02-012023-01-3112412528dpl:DistributionCosts2022-02-012023-01-3112412528dpl:AdministrativeExpenses2022-02-012023-01-3112412528core:LandBuildings2022-02-012023-01-3112412528core:PlantMachinery2022-02-012023-01-3112412528core:Vehicles2022-02-012023-01-3112412528core:FurnitureFittings2022-02-012023-01-3112412528core:OfficeEquipment2022-02-012023-01-3112412528core:NetGoodwill2022-02-012023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112412528dpl:GroupUndertakings2022-02-012023-01-3112412528dpl:ParticipatingInterests2022-02-012023-01-3112412528dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112412528core:ListedExchangeTraded2022-02-012023-01-3112412528dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112412528core:UnlistedNon-exchangeTraded2022-02-012023-01-3112412528dpl:CostSales2021-02-012022-01-3112412528dpl:DistributionCosts2021-02-012022-01-3112412528dpl:AdministrativeExpenses2021-02-012022-01-3112412528core:LandBuildings2021-02-012022-01-3112412528core:PlantMachinery2021-02-012022-01-3112412528core:Vehicles2021-02-012022-01-3112412528core:FurnitureFittings2021-02-012022-01-3112412528core:OfficeEquipment2021-02-012022-01-3112412528core:NetGoodwill2021-02-012022-01-3112412528core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3112412528dpl:GroupUndertakings2021-02-012022-01-3112412528dpl:ParticipatingInterests2021-02-012022-01-3112412528dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3112412528core:ListedExchangeTraded2021-02-012022-01-3112412528dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3112412528core:UnlistedNon-exchangeTraded2021-02-012022-01-3112412528core:NetGoodwill2023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2023-01-3112412528core:LandBuildings2023-01-3112412528core:PlantMachinery2023-01-3112412528core:Vehicles2023-01-3112412528core:FurnitureFittings2023-01-3112412528core:OfficeEquipment2023-01-3112412528core:AfterOneYear2023-01-3112412528core:WithinOneYear2023-01-3112412528core:ListedExchangeTraded2023-01-3112412528core:UnlistedNon-exchangeTraded2023-01-3112412528core:ShareCapital2023-01-3112412528core:SharePremium2023-01-3112412528core:RevaluationReserve2023-01-3112412528core:OtherReservesSubtotal2023-01-3112412528core:RetainedEarningsAccumulatedLosses2023-01-3112412528core:NetGoodwill2022-01-3112412528core:IntangibleAssetsOtherThanGoodwill2022-01-3112412528core:LandBuildings2022-01-3112412528core:PlantMachinery2022-01-3112412528core:Vehicles2022-01-3112412528core:FurnitureFittings2022-01-3112412528core:OfficeEquipment2022-01-3112412528core:AfterOneYear2022-01-3112412528core:WithinOneYea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LAUNSTON GROUP LIMITED

(formerly CONTRACTORS & CO GROUP LIMITED)

Registered Number
12412528
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

LAUNSTON GROUP LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

NEWNHAM, Alexander John

Registered Address

Abbey Manor Business Centre
Preston Road
Yeovil
BA20 2EN

Registered Number

12412528 (England and Wales)
LAUNSTON GROUP LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets54,2086,725
4,2086,725
Current assets
Stocks6500300
Debtors719691
Cash at bank and on hand2284,887
9245,278
Creditors amounts falling due within one year8(22,297)(23,820)
Net current assets (liabilities)(21,373)(18,542)
Total assets less current liabilities(17,165)(11,817)
Creditors amounts falling due after one year9(7,637)(10,466)
Provisions for liabilities11-(1,278)
Net assets(24,802)(23,561)
Capital and reserves
Called up share capital100100
Profit and loss account(24,902)(23,661)
Shareholders' funds(24,802)(23,561)
The financial statements were approved and authorised for issue by the Director on 19 October 2023, and are signed on its behalf by:
NEWNHAM, Alexander John
Director
Registered Company No. 12412528
LAUNSTON GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles4
Office Equipment3
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 2277211,01974312,534
Additions849--849
At 31 January 231,62111,01974313,383
Depreciation and impairment
At 01 February 221895,5101105,809
Charge for year3642,7552473,366
At 31 January 235538,2653579,175
Net book value
At 31 January 231,0682,7543864,208
At 31 January 225835,5096336,725
6.Stocks

2023

2022

££
Raw materials and consumables500300
Total500300
7.Debtors

2023

2022

££
Trade debtors / trade receivables8-
Other debtors46-
Prepayments and accrued income14291
Total19691
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables263269
Bank borrowings and overdrafts1,5001,500
Taxation and social security-207
Finance lease and HP contracts2,2042,204
Other creditors18,29919,640
Accrued liabilities and deferred income31-
Total22,29723,820
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts5,2505,875
Other creditors2,3874,591
Total7,63710,466
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts2,3874,591
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)-1,278
Total-1,278