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REGISTERED NUMBER: 08618744 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAUNCHPAD ASSISTIVE TECHNOLOGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Miss S Peake
L C Rushworth





REGISTERED OFFICE: 12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD





REGISTERED NUMBER: 08618744 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 5,014 5,723
Investments 6 500 500
5,515 6,224

CURRENT ASSETS
Debtors 7 231,637 221,756
Cash at bank and in hand 113,112 72,823
344,749 294,579
CREDITORS
Amounts falling due within one year 8 14,486 36,672
NET CURRENT ASSETS 330,263 257,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,778

264,131

CREDITORS
Amounts falling due after more than
one year

9

(11,515

)

(18,095

)

PROVISIONS FOR LIABILITIES 10 (830 ) (1,087 )
NET ASSETS 323,433 244,949

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 12 323,423 244,939
SHAREHOLDERS' FUNDS 323,433 244,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)

BALANCE SHEET - continued
30TH NOVEMBER 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 29th August 2024 and were signed on its behalf by:




Miss S Peake - Director



L C Rushworth - Director


LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Launchpad Assistive Technology Ltd is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A " Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Acts 2006. The financial statements have been prepared under the historical cost convention.


The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - over 3 years
Computer equipment - over 3 years

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.

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 5,000
AMORTISATION
At 1st December 2022
and 30th November 2023 4,999
NET BOOK VALUE
At 30th November 2023 1
At 30th November 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st December 2022 4,055 6,994 11,049
Additions 2,092 - 2,092
At 30th November 2023 6,147 6,994 13,141
DEPRECIATION
At 1st December 2022 3,880 1,446 5,326
Charge for year 470 2,331 2,801
At 30th November 2023 4,350 3,777 8,127
NET BOOK VALUE
At 30th November 2023 1,797 3,217 5,014
At 30th November 2022 175 5,548 5,723

6. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1st December 2022
and 30th November 2023 500
NET BOOK VALUE
At 30th November 2023 500
At 30th November 2022 500

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 4,709 6,695
Other debtors 21,525 -
Directors' current accounts 174,666 184,996
Tax 29,577 -
Prepayments and accrued income 1,160 488
231,637 192,179

Amounts falling due after more than one year:
Tax - 29,577

Aggregate amounts 231,637 221,756

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 6,580 11,160
Trade creditors 3,629 770
Tax - 16,716
VAT 235 5,089
Other creditors 1,496 -
Accrued expenses 2,546 2,937
14,486 36,672

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 6,580 6,580
Other loans - 2-5 years 4,935 11,515
11,515 18,095

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 830 1,087

Deferred
tax
£   
Balance at 1st December 2022 1,087
Provided during year (257 )
Balance at 30th November 2023 830

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD (REGISTERED NUMBER: 08618744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary A £1 5 5
5 Ordinary B £1 5 5
10 10

12. RESERVES
Retained
earnings
£   

At 1st December 2022 244,939
Profit for the year 260,484
Dividends (182,000 )
At 30th November 2023 323,423

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
Miss S Peake and L C Rushworth
Balance outstanding at start of year 184,996 142,318
Amounts advanced 190,182 143,506
Amounts repaid (200,512 ) (100,828 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 174,666 184,996

The maximum balance outstanding on the loan during the year was £242,452 (2022- £184,996). Interest of £3,506 was charged on this loan.