Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31false22022-11-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC126831 2022-11-01 2023-10-31 SC126831 2021-11-01 2022-10-31 SC126831 2023-10-31 SC126831 2022-10-31 SC126831 c:CompanySecretary1 2022-11-01 2023-10-31 SC126831 c:Director1 2022-11-01 2023-10-31 SC126831 c:Director2 2022-11-01 2023-10-31 SC126831 c:RegisteredOffice 2022-11-01 2023-10-31 SC126831 d:Buildings 2022-11-01 2023-10-31 SC126831 d:PlantMachinery 2022-11-01 2023-10-31 SC126831 d:OfficeEquipment 2022-11-01 2023-10-31 SC126831 d:CurrentFinancialInstruments 2023-10-31 SC126831 d:CurrentFinancialInstruments 2022-10-31 SC126831 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC126831 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 SC126831 d:ShareCapital 2023-10-31 SC126831 d:ShareCapital 2022-10-31 SC126831 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC126831 d:RetainedEarningsAccumulatedLosses 2022-10-31 SC126831 c:OrdinaryShareClass1 2022-11-01 2023-10-31 SC126831 c:OrdinaryShareClass1 2023-10-31 SC126831 c:OrdinaryShareClass1 2022-10-31 SC126831 c:FRS102 2022-11-01 2023-10-31 SC126831 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC126831 c:FullAccounts 2022-11-01 2023-10-31 SC126831 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC126831 2 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC126831










LASER SUPPORT SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 
LASER SUPPORT SERVICES LIMITED
 

COMPANY INFORMATION


Directors
Mr G E Rogers 
Mrs E A Rogers 




Company secretary
Mrs E A Rogers



Registered number
SC126831



Registered office
School Drive

Ovenstone

Fife

KY10 2RR




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
LASER SUPPORT SERVICES LIMITED
REGISTERED NUMBER:SC126831

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
£
£

  

Current assets
  

Stocks
  
18,402
56,211

Debtors: amounts falling due within one year
 4 
28,148
49,019

Cash at bank and in hand
  
43,415
25,080

  
89,965
130,310

Creditors: amounts falling due within one year
 5 
(18,541)
(91,437)

Net current assets
  
 
 
71,424
 
 
38,873

Total assets less current liabilities
  
71,424
38,873

  

Net assets
  
71,424
38,873


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
70,424
37,873

  
71,424
38,873

Page 1

 
LASER SUPPORT SERVICES LIMITED
REGISTERED NUMBER:SC126831

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 4 March 2024.




Mr G E Rogers
Director

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

Page 2

 
LASER SUPPORT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The Company is limited by shares and incorporated in Scotland. The registered office address is School Drive, Ovenstone, Fife, KY10 2RR.

2.Accounting policies

 
2.1

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:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
LASER SUPPORT SERVICES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

Page 4

 
LASER SUPPORT SERVICES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Property improvements
-
15% reducing balance & 33.3% straight line
Plant and machinery
-
25% reducing balance
Office equipment
-
20% reducing balance & 33.3% straight line

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
LASER SUPPORT SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
28,148
47,594

Prepayments and accrued income
-
1,425

28,148
49,019



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,580
27,707

Other taxation and social security
4,215
2,818

Other creditors
746
35,912

Accruals and deferred income
-
25,000

18,541
91,437



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 6