Lasertag 2U Limited 14967024 false 2023-06-28 2023-12-31 2023-12-31 The principal activity of the company is the provision of indoor and outdoor laser tag services. Digita Accounts Production Advanced 6.30.9574.0 true true 14967024 2023-06-28 2023-12-31 14967024 2023-12-31 14967024 core:CurrentFinancialInstruments 2023-12-31 14967024 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14967024 core:PlantMachinery 2023-12-31 14967024 bus:SmallEntities 2023-06-28 2023-12-31 14967024 bus:AuditExemptWithAccountantsReport 2023-06-28 2023-12-31 14967024 bus:FilletedAccounts 2023-06-28 2023-12-31 14967024 bus:SmallCompaniesRegimeForAccounts 2023-06-28 2023-12-31 14967024 bus:RegisteredOffice 2023-06-28 2023-12-31 14967024 bus:Director1 2023-06-28 2023-12-31 14967024 bus:Director2 2023-06-28 2023-12-31 14967024 bus:PrivateLimitedCompanyLtd 2023-06-28 2023-12-31 14967024 core:PlantMachinery 2023-06-28 2023-12-31 14967024 countries:AllCountries 2023-06-28 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14967024

Lasertag 2U Limited

Unaudited Filleted Financial Statements

for the Period from 28 June 2023 to 31 December 2023

 

Lasertag 2U Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lasertag 2U Limited

Company Information

Directors

Paul Martin Aldridge

Lucy Aldridge

Registered office

5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

Lasertag 2U Limited

(Registration number: 14967024)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

160,089

Current assets

 

Debtors

5

1,717

Cash at bank and in hand

 

1,785

 

3,502

Creditors: Amounts falling due within one year

6

(162,241)

Net current liabilities

 

(158,739)

Net assets

 

1,350

Capital and reserves

 

Called up share capital

20

Retained earnings

1,330

Shareholders' funds

 

1,350

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Lucy Aldridge
Director

 

Lasertag 2U Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Englad and Wales.

The address of its registered office is:
5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR
United Kingdom

These financial statements were authorised for issue by the Board on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lasertag 2U Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2023 to 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Lasertag 2U Limited

Notes to the Unaudited Financial Statements for the Period from 28 June 2023 to 31 December 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

182,959

182,959

At 31 December 2023

182,959

182,959

Depreciation

Charge for the period

22,870

22,870

At 31 December 2023

22,870

22,870

Carrying amount

At 31 December 2023

160,089

160,089

5

Debtors

Current

2023
£

Trade debtors

347

Prepayments

1,370

 

1,717

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

179

Accruals and deferred income

550

Other creditors

161,512

162,241