Company registration number 02240397 (England and Wales)
Laminform Holdings Limited
Unaudited Financial Statements
for the Year Ended 31 December 2023
Pages for filing with Registrar
Laminform Holdings Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Laminform Holdings Limited
Balance Sheet
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
201,174
124,401
Investments
4
-
0
82,000
201,174
206,401
Current assets
Debtors
5
199,960
221,526
Cash at bank and in hand
51,714
35,949
251,674
257,475
Creditors: amounts falling due within one year
6
(7,329)
(10)
Net current assets
244,345
257,465
Net assets
445,519
463,866
Capital and reserves
Called up share capital
450,000
450,000
Profit and loss reserves
(4,481)
13,866
Total equity
445,519
463,866

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 26 September 2024
Mr J C Thompson
Director
Company registration number 02240397 (England and Wales)
Laminform Holdings Limited
Notes to the Financial Statements
for the Year Ended 31 December 2023
- 2 -
1
Accounting policies
Company information

Laminform Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 33 The Drive, Gosforth, Newcastle upon Tyne, NE3 4AJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover represents the value of rents received in the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Straight line over the life of the lease

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Laminform Holdings Limited
Notes to the Financial Statements (continued)
for the Year Ended 31 December 2023
1
Accounting policies
(continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
Laminform Holdings Limited
Notes to the Financial Statements (continued)
for the Year Ended 31 December 2023
- 4 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023
360,347
Additions
84,893
At 31 December 2023
445,240
Depreciation and impairment
At 1 January 2023
235,946
Depreciation charged in the year
8,120
At 31 December 2023
244,066
Carrying amount
At 31 December 2023
201,174
At 31 December 2022
124,401

The leasehold land and buildings are held for use in operating leases.

4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
-
0
82,000
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
82,000
Disposals
(82,000)
At 31 December 2023
-
Carrying amount
At 31 December 2023
-
At 31 December 2022
82,000
Laminform Holdings Limited
Notes to the Financial Statements (continued)
for the Year Ended 31 December 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
221,526
Other debtors
199,960
-
0
199,960
221,526
6
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
7,329
10
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Rental of property
Recharge of overheads
2023
2022
2023
2022
£
£
£
£
Entities over which the entity has control, joint control or significant influence
(1,200)
(14,400)
-
13

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
-
221,526

The loan is unsecured.

The debt due from the subsidiary ceased to be reportable after that company was sold to a third party.

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