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REGISTERED NUMBER: 02835714










Unaudited Financial Statements for the Year Ended 31 December 2023

for

Laser Components (UK) Ltd

Laser Components (UK) Ltd (Registered number: 02835714)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laser Components (UK) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C J Varney
P O Paul





SECRETARY: C J Varney





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 02835714





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Laser Components (UK) Ltd (Registered number: 02835714)

Balance Sheet
31 December 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
60,148 Tangible assets 4 49,886

CURRENT ASSETS
74,266 Stocks 116,442
685,683 Debtors 5 273,641
926,791 Cash at bank 902,015
1,686,740 1,292,098
CREDITORS
498,071 Amounts falling due within one year 6 301,628
1,188,669 NET CURRENT ASSETS 990,470
1,248,817 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040,356

CREDITORS
(10 ) Amounts falling due after more than one
year

7

(10

)

(11,428 ) PROVISIONS FOR LIABILITIES (9,465 )
1,237,379 NET ASSETS 1,030,881

CAPITAL AND RESERVES
20,000 Called up share capital 20,000
1,217,379 Retained earnings 1,010,881
1,237,379 SHAREHOLDERS' FUNDS 1,030,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Components (UK) Ltd (Registered number: 02835714)

Balance Sheet - continued
31 December 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 21 February 2024 and were signed on its behalf by:





C J Varney - Director


Laser Components (UK) Ltd (Registered number: 02835714)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Laser Components (UK) Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Laser Components (UK) Ltd (Registered number: 02835714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 132,548
Additions 7,180
At 31 December 2023 139,728
DEPRECIATION
At 1 January 2023 72,400
Charge for year 17,442
At 31 December 2023 89,842
NET BOOK VALUE
At 31 December 2023 49,886
At 31 December 2022 60,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 259,129 672,995
Other debtors 14,512 12,688
273,641 685,683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 80,120 123,356
Taxation and social security 150,415 306,807
Other creditors 71,093 67,908
301,628 498,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 10 10

8. POST BALANCE SHEET EVENTS

There are no post balance sheet events to be brought to the attention of shareholders.


Laser Components (UK) Ltd (Registered number: 02835714)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.