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Company Registration No. 02046470 (England and Wales)
Laprosurge Limited Unaudited accounts for the year ended 30 June 2023
Laprosurge Limited Unaudited accounts Contents
Page
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Laprosurge Limited Company Information for the year ended 30 June 2023
Director
D A Campbell
Company Number
02046470 (England and Wales)
Registered Office
Suite 1, Hardy House Northbridge Road Berkhamsted HP4 1EF England
Accountants
CS Scott Accounting LLP Suite 1, Hardy House Northbridge Road Berkhamsted Hertfordshire HP4 1EF
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Laprosurge Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
30,316 
21,822 
30,317 
21,823 
Current assets
Inventories
480,258 
314,086 
Debtors
642,601 
657,415 
Cash at bank and in hand
31,532 
113,083 
1,154,391 
1,084,584 
Creditors: amounts falling due within one year
(543,061)
(759,782)
Net current assets
611,330 
324,802 
Net assets
641,647 
346,625 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
641,547 
346,525 
Shareholders' funds
641,647 
346,625 
For the year ending 30 June 2023 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 his 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 28 March 2024 and were signed on its behalf by
D A Campbell Director Company Registration No. 02046470
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Laprosurge Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Laprosurge Limited is a private company, limited by shares, registered in England and Wales, registration number 02046470. The registered office is Suite 1, Hardy House, Northbridge Road, Berkhamsted, HP4 1EF, England. The principal place of business is Unit 5b, Fishers Industrial Estate, Wiggenhall Road, Watford, Hertfordshire, WD18 0FN, United Kingdom.
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 remained unchanged from the previous year, and also 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Land & buildings
12.5% straight line
Fixtures & fittings
20.0% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Laprosurge Limited Notes to the Accounts for the year ended 30 June 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
400,000 
At 30 June 2023
400,000 
Amortisation
At 1 July 2022
399,999 
At 30 June 2023
399,999 
Net book value
At 30 June 2023
1 
At 30 June 2022
1 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
52,082 
20,114 
72,196 
Additions
- 
18,591 
18,591 
At 30 June 2023
52,082 
38,705 
90,787 
Depreciation
At 1 July 2022
40,189 
10,185 
50,374 
Charge for the year
5,640 
4,457 
10,097 
At 30 June 2023
45,829 
14,642 
60,471 
Net book value
At 30 June 2023
6,253 
24,063 
30,316 
At 30 June 2022
11,893 
9,929 
21,822 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,955 
- 
Trade debtors
560,253 
566,434 
Accrued income and prepayments
69,393 
7,661 
Other debtors
- 
83,320 
642,601 
657,415 
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Laprosurge Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
79 
Trade creditors
61,230 
141,231 
Amounts owed to group undertakings and other participating interests
200,000 
200,000 
Taxes and social security
21,853 
21,889 
Other creditors
153,271 
335,863 
Accruals
106,707 
60,720 
543,061 
759,782 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,605 (2022: £14,711). Contributions totalling £1,192 (2022: £826) were payable to the fund at the balance sheet date and are included in creditors
10
Controlling party
The immediate and ultimate parent company is Sigmacon Holdings SA, a company registered in Panama. Sigmacon Holdings PA
11
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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