Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 30 November 2023 30 November 2023 12672497 Mr Tirthraj Nath Singh Mr Narendra Nag Mr Neil Gruninger Brodies Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12672497 2022-12-31 12672497 2023-11-30 12672497 2023-01-01 2023-11-30 12672497 frs-core:CurrentFinancialInstruments 2023-11-30 12672497 frs-core:Non-currentFinancialInstruments 2023-11-30 12672497 frs-core:ComputerEquipment 2023-11-30 12672497 frs-core:ComputerEquipment 2023-01-01 2023-11-30 12672497 frs-core:ComputerEquipment 2022-12-31 12672497 frs-core:SharePremium 2023-11-30 12672497 frs-core:ShareCapital 2023-11-30 12672497 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12672497 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-11-30 12672497 frs-bus:FilletedAccounts 2023-01-01 2023-11-30 12672497 frs-bus:SmallEntities 2023-01-01 2023-11-30 12672497 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-11-30 12672497 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-11-30 12672497 frs-bus:OrdinaryShareClass1 2023-01-01 2023-11-30 12672497 frs-bus:OrdinaryShareClass1 2023-11-30 12672497 frs-bus:PreferenceShareClass1 2023-01-01 2023-11-30 12672497 frs-bus:PreferenceShareClass1 2023-11-30 12672497 frs-core:UnlistedNon-exchangeTraded 2023-11-30 12672497 frs-core:UnlistedNon-exchangeTraded 2022-12-31 12672497 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 12672497 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 12672497 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 12672497 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 12672497 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 12672497 frs-bus:Director1 2023-01-01 2023-11-30 12672497 frs-bus:Director2 2023-01-01 2023-11-30 12672497 frs-bus:Director3 2023-01-01 2023-11-30 12672497 frs-bus:CompanySecretary1 2023-01-01 2023-11-30 12672497 frs-countries:EnglandWales 2023-01-01 2023-11-30 12672497 2021-12-31 12672497 2022-12-31 12672497 2022-01-01 2022-12-31 12672497 frs-core:CurrentFinancialInstruments 2022-12-31 12672497 frs-core:Non-currentFinancialInstruments 2022-12-31 12672497 frs-core:SharePremium 2022-12-31 12672497 frs-core:ShareCapital 2022-12-31 12672497 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12672497 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 12672497 frs-bus:PreferenceShareClass1 2022-01-01 2022-12-31
Registered number: 12672497
Laminar Global Limited
Unaudited Financial Statements
For the Period 1 January 2023 to 30 November 2023
Absolute Accountants Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12672497
30 November 2023 31 December 2022
Notes $ $ $ $
FIXED ASSETS
Tangible Assets 4 1,703 2,349
Investments 5 1,335 -
3,038 2,349
CURRENT ASSETS
Debtors 6 613,487 778,071
Cash at bank and in hand 62,820 276,623
676,307 1,054,694
Creditors: Amounts Falling Due Within One Year 7 (455,378 ) (251,349 )
NET CURRENT ASSETS (LIABILITIES) 220,929 803,345
TOTAL ASSETS LESS CURRENT LIABILITIES 223,967 805,694
Creditors: Amounts Falling Due After More Than One Year 8 (1,200,000 ) -
NET (LIABILITIES)/ASSETS (976,033 ) 805,694
CAPITAL AND RESERVES
Called up share capital 9 1,290 1,290
Share premium account 5,121,760 5,121,760
Profit and Loss Account (6,099,083 ) (4,317,356 )
SHAREHOLDERS' FUNDS (976,033) 805,694
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For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tirthraj Nath Singh
Director
20/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Laminar Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12672497 . The registered office is C/O Brodies LLP, 90 Bartholomew Close, London, EC1A 7BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 30% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 8 (2022: 8)
8 8
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4. Tangible Assets
Computer Equipment
$
Cost
As at 1 January 2023 2,763
As at 30 November 2023 2,763
Depreciation
As at 1 January 2023 414
Provided during the period 646
As at 30 November 2023 1,060
Net Book Value
As at 30 November 2023 1,703
As at 1 January 2023 2,349
5. Investments
Unlisted
$
Cost
As at 1 January 2023 -
Additions 1,335
As at 30 November 2023 1,335
Provision
As at 1 January 2023 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 1,335
As at 1 January 2023 -
6. Debtors
30 November 2023 31 December 2022
$ $
Due within one year
Trade debtors 304,962 148,637
Prepayments and accrued income 166,602 428,956
Other debtors 114,164 140,479
VAT 23,214 59,109
Amounts owed by group undertakings - 890
Amounts owed by subsidiaries 4,545 -
613,487 778,071
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7. Creditors: Amounts Falling Due Within One Year
30 November 2023 31 December 2022
$ $
Trade creditors 193,152 153,481
Accruals and deferred income 262,226 97,868
455,378 251,349
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 31 December 2022
$ $
Other creditors 1,200,000 -
1,200,000 -
9. Share Capital
30 November 2023 31 December 2022
Allotted, called up but not fully paid $ $
10,000,000 Ordinary Shares of £ 0.00 each 1,000 1,000
Preference Shares
30 November 2023 31 December 2022
Allotted, called up but not fully paid $ $
2,898,723 Preference Shares of £ 0.00 each 290 290
10. Post Balance Sheet Events
After the period end date Laminar Global Limited was acquired by A Parent Media Co, Inc.  The parent company is registered in Canada. 
11. Related Party Transactions
Transactions with Directors
The income statement includes $242,683 (PY $259,189) of salaries paid to two Directors for services rendered to the Company via third party Employers of Record in Germany and the United Arab Emirates. 
Transactions with Group Entities
Laminar Global Limited is the 100% shareholder of Laminar Global Poland SP. z.o.o and undertook transactions with that company during the year.  The income statement includes costs paid to Laminar Global Poland SP. z.o.o of $2,026,318 (prior period $1,536,107).  There is an intercompany balance due to Laminar Global Limited of $nil at the period end (prior period $890); and there is a prepayment of $4,545 at the year end (prior period $243,893).
Laminar Global Limited is the 100% shareholder of Laminar Mediatech Limited and undertook transactions on behalf of that company during the peoriod.  Expenses totalling £195,040 were paid during the period on behalf of Laminar Mediatech Limited (prior year £nil) 
Transactions with entities with Joint Control of Significant Interest
An arrangement was entered into with a company incorporated in Singapore of which a director of Laminar Global Limited is 100% shareholder, whereby that company provided services to a third party client of Laminar Global Limited. $76,352 revenue was recorded by Laminar Global Limited in the reporting period in relation to fees arising from this arrangement (prior period $101,083), and there is a year end debit balance of $50,673 (prior period $22,097).
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