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REGISTERED NUMBER: 02114382 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cirrus Laser Limited

Cirrus Laser Limited (Registered number: 02114382)






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


Cirrus Laser Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Connaway





SECRETARY: Ms C A L Jubb





REGISTERED OFFICE: 65 Victoria Road
Burgess Hill
West Sussex
RH15 9LN





REGISTERED NUMBER: 02114382 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Cirrus Laser Limited (Registered number: 02114382)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 928,165 930,548

CURRENT ASSETS
Stocks 114,752 127,229
Debtors 5 244,060 307,635
Cash at bank 490,210 399,705
849,022 834,569
CREDITORS
Amounts falling due within one year 6 124,792 86,047
NET CURRENT ASSETS 724,230 748,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,652,395

1,679,070

PROVISIONS FOR LIABILITIES 1,953 2,329
NET ASSETS 1,650,442 1,676,741

CAPITAL AND RESERVES
Called up share capital 10,010 10,010
Share premium 1,995 1,995
Revaluation reserve 7 729,874 729,874
Retained earnings 908,563 934,862
1,650,442 1,676,741

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 director acknowledges his 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.

Cirrus Laser Limited (Registered number: 02114382)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





D Connaway - Director


Cirrus Laser Limited (Registered number: 02114382)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cirrus Laser 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 as modified by the revaluation of certain assets.

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.
Freehold property - no depreciation on long life assets
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cirrus Laser Limited (Registered number: 02114382)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2023 1,100,000 516,027 93,349
Additions - 5,956 -
At 31 December 2023 1,100,000 521,983 93,349
DEPRECIATION
At 1 January 2023 185,363 501,008 93,349
Charge for year - 7,447 -
At 31 December 2023 185,363 508,455 93,349
NET BOOK VALUE
At 31 December 2023 914,637 13,528 -
At 31 December 2022 914,637 15,019 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 20,850 94,946 1,825,172
Additions - - 5,956
At 31 December 2023 20,850 94,946 1,831,128
DEPRECIATION
At 1 January 2023 20,850 94,054 894,624
Charge for year - 892 8,339
At 31 December 2023 20,850 94,946 902,963
NET BOOK VALUE
At 31 December 2023 - - 928,165
At 31 December 2022 - 892 930,548

Cirrus Laser Limited (Registered number: 02114382)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2021 729,874 - -
Cost 370,126 521,983 93,349
1,100,000 521,983 93,349

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2021 - - 729,874
Cost 20,850 94,946 1,101,254
20,850 94,946 1,831,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 212,015 283,661
Staff loans & advances 2,215 3,242
Prepayments 29,830 20,732
244,060 307,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 59,001 22,397
Tax - 166
Social security and other taxes 19,664 19,527
VAT 39,283 42,173
Other creditors 383 138
Accrued expenses 6,461 1,646
124,792 86,047

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 729,874

8. RELATED PARTY DISCLOSURES

Callexcept Limited is the parent company of the reporting entity.

Cirrus Laser Limited (Registered number: 02114382)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Connaway