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REGISTERED NUMBER: 12780930 (England and Wales)











Launch Group Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Launch Group Ltd (Registered number: 12780930)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Launch Group Ltd

Company Information
for the Year Ended 31 July 2024







Directors: J M McPartland
D Aldred





Registered office: 207 The Tannery
Water Street
Stockport
Cheshire
SK1 2BP





Registered number: 12780930 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Launch Group Ltd (Registered number: 12780930)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
Fixed assets
Tangible assets 4 17,195 9,966

Current assets
Debtors 5 298,615 175,220
Cash at bank 271,185 394,540
569,800 569,760
Creditors
Amounts falling due within one year 6 (153,589 ) (193,821 )
Net current assets 416,211 375,939
Total assets less current liabilities 433,406 385,905


Capital and reserves
Called up share capital 8 10 10
Retained earnings 433,396 385,895
Shareholders' funds 433,406 385,905
433,406 385,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Launch Group Ltd (Registered number: 12780930)

Balance Sheet - continued
31 July 2024


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 30 August 2024 and were signed on its behalf by:





J M McPartland - Director


Launch Group Ltd (Registered number: 12780930)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Launch Group 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.

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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

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

The company also makes contributions to the personal pension schemes of the directors. Contributions payable for the year are charged in the profit and loss account.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 12 ) .

Launch Group Ltd (Registered number: 12780930)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 August 2023 11,983 7,135 19,118
Additions 11,758 4,687 16,445
At 31 July 2024 23,741 11,822 35,563
Depreciation
At 1 August 2023 5,878 3,274 9,152
Charge for year 6,367 2,849 9,216
At 31 July 2024 12,245 6,123 18,368
Net book value
At 31 July 2024 11,496 5,699 17,195
At 31 July 2023 6,105 3,861 9,966

5. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 199,228 173,120
Other debtors 80,930 -
Prepayments and accrued income 18,457 2,100
298,615 175,220

6. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade creditors 891 1,878
Taxation and social security 146,592 188,569
Other creditors 6,106 3,374
153,589 193,821

Launch Group Ltd (Registered number: 12780930)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 44,484 -
Between one and five years 39,000 -
83,484 -

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
10 Ordinary £1 10 10