REGISTERED NUMBER: |
Launch Group Ltd |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
433,406 | 385,905 |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
Additions |
At 31 July 2024 |
Depreciation |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
At 31 July 2023 |
5. | Debtors: amounts falling due within one year |
31.7.24 | 31.7.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
31.7.24 | 31.7.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
Between one and five years |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.24 | 31.7.23 |
value: | £ | £ |
Ordinary | £1 | 10 | 10 |