Company Registration No. 02046470 (England and Wales)
Laprosurge Limited
Unaudited accounts
for the year ended 30 June 2023
Laprosurge Limited
Unaudited accounts
Contents
Laprosurge Limited
Company Information
for the year ended 30 June 2023
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
Laprosurge Limited
Statement of financial position
as at 30 June 2023
Tangible assets
30,316
21,822
Inventories
480,258
314,086
Cash at bank and in hand
31,532
113,083
Creditors: amounts falling due within one year
(543,061)
(759,782)
Net current assets
611,330
324,802
Net assets
641,647
346,625
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
Laprosurge Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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
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.
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.
Laprosurge Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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Intangible fixed assets
Other
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
At 30 June 2023
52,082
38,705
90,787
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
At 30 June 2023
6,253
24,063
30,316
At 30 June 2022
11,893
9,929
21,822
Amounts falling due within one year
Trade debtors
560,253
566,434
Accrued income and prepayments
69,393
7,661
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
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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
The immediate and ultimate parent company is Sigmacon Holdings SA, a company registered in Panama. Sigmacon Holdings PA
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Average number of employees
During the year the average number of employees was 5 (2022: 5).