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REGISTERED NUMBER: 02088064 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LAINGBUISSON LIMITED

LAINGBUISSON LIMITED (REGISTERED NUMBER: 02088064)

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

Chartered Accountants' Report 7

LAINGBUISSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: W Laing
A Buisson-Laing
H Elphick
S J Dorrell





SECRETARY: A Buisson-Laing





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH





REGISTERED NUMBER: 02088064 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

LAINGBUISSON LIMITED (REGISTERED NUMBER: 02088064)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 292,262 362,400
Tangible assets 5 31,485 43,788
323,747 406,188

CURRENT ASSETS
Debtors 6 469,055 566,580
Cash at bank 96,988 452,624
566,043 1,019,204
CREDITORS
Amounts falling due within one year 7 929,037 1,007,517
NET CURRENT (LIABILITIES)/ASSETS (362,994 ) 11,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,247

)

417,875

CREDITORS
Amounts falling due after more than one
year

8

(60,037

)

(90,038

)

PROVISIONS FOR LIABILITIES (4,691 ) (4,691 )
NET (LIABILITIES)/ASSETS (103,975 ) 323,146

CAPITAL AND RESERVES
Called up share capital 281 281
Share premium 371,843 371,843
Capital redemption reserve 5 5
Retained earnings (476,104 ) (48,983 )
SHAREHOLDERS' FUNDS (103,975 ) 323,146

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.

LAINGBUISSON LIMITED (REGISTERED NUMBER: 02088064)

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 Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





W Laing - Director


LAINGBUISSON LIMITED (REGISTERED NUMBER: 02088064)

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


1. STATUTORY INFORMATION

LaingBuisson Limited 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years from the date of transition to FRS 102.

Computer software
Computer software is carried at cost less accumulated amortisation and any recognised impairment loss. Externally acquired computer software and software licences are capitalised was amortised on a straight-line basis over their estimated useful lives of five years.

Patents and licences
Patents and licences are carried at cost less accumulated amortisation and are amortised over their useful lives.

Websites
Websites are carried at cost less accumulated amortisation and are amortised over their useful lives of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% Straight line

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 33 ) .

LAINGBUISSON LIMITED (REGISTERED NUMBER: 02088064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Patents
and Computer
Goodwill licences Websites software Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 651,314 2,340 316,514 177,187 1,147,355
AMORTISATION
At 1 January 2023 516,376 956 94,954 172,669 784,955
Amortisation for year 33,735 234 31,651 4,518 70,138
At 31 December 2023 550,111 1,190 126,605 177,187 855,093
NET BOOK VALUE
At 31 December 2023 101,203 1,150 189,909 - 292,262
At 31 December 2022 134,938 1,384 221,560 4,518 362,400

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,860 37,414 19,062 56,665 119,001
Additions - - 172 5,770 5,942
At 31 December 2023 5,860 37,414 19,234 62,435 124,943
DEPRECIATION
At 1 January 2023 2,344 14,966 12,747 45,156 75,213
Charge for year 1,172 7,483 2,681 6,909 18,245
At 31 December 2023 3,516 22,449 15,428 52,065 93,458
NET BOOK VALUE
At 31 December 2023 2,344 14,965 3,806 10,370 31,485
At 31 December 2022 3,516 22,448 6,315 11,509 43,788

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 363,333 488,022
Other debtors 6,487 13,446
VAT 27,048 6,013
Prepayments & accrued income 72,187 59,099
469,055 566,580

LAINGBUISSON LIMITED (REGISTERED NUMBER: 02088064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 328,043 331,934
Social security and other taxes 141,793 52,909
Other creditors 12,583 17,032
Deferred income 364,386 539,880
Accruals 52,232 35,762
929,037 1,007,517

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 30,000 30,000
Bank loans - 2-5 years 30,037 60,038
60,037 90,038

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 58,251 58,251
Between one and five years 77,720 135,971
135,971 194,222

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LAINGBUISSON LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LaingBuisson Limited for the year ended 31 December 2023 which comprise the Profit & Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of LaingBuisson Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LaingBuisson Limited and state those matters that we have agreed to state to the Board of Directors of LaingBuisson Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LaingBuisson Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LaingBuisson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LaingBuisson Limited. You consider that LaingBuisson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LaingBuisson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


2 September 2024