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REGISTERED NUMBER: 02219693 (England and Wales)















Laplace Instruments Limited

Unaudited Financial Statements

for the year ended

30 April 2024






Laplace Instruments Limited (Registered number: 02219693)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


Laplace Instruments Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: W Barnes
K A Phillips
P J Douglas
M T Wharrier





REGISTERED OFFICE: Tudor House
Grammar School Road
North Walsham
Norfolk
NR28 9JH





REGISTERED NUMBER: 02219693 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Laplace Instruments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laplace Instruments Limited for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Laplace Instruments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Laplace Instruments Limited and state those matters that we have agreed to state to the Board of Directors of Laplace Instruments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laplace Instruments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Laplace Instruments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Laplace Instruments Limited. You consider that Laplace Instruments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Laplace Instruments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


24 September 2024

Laplace Instruments Limited (Registered number: 02219693)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 3,071 3,484
Investments 6 19,075 19,075
22,147 22,560

CURRENT ASSETS
Stocks 210,300 192,948
Debtors 7 110,743 174,232
Cash at bank 288,782 529,282
609,825 896,462
CREDITORS
Amounts falling due within one year 8 (359,624 ) (139,570 )
NET CURRENT ASSETS 250,201 756,892
TOTAL ASSETS LESS CURRENT LIABILITIES 272,348 779,452

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 271,848 778,952
SHAREHOLDERS' FUNDS 272,348 779,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





P J Douglas - Director


Laplace Instruments Limited (Registered number: 02219693)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Laplace Instruments 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.

Preparation of consolidated financial statements
The financial statements contain information about Laplace Instruments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, and represents amounts receivable for goods supplied and services rendered net of discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Software - 50% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance of obsolete and slow moving items.

Taxation
Taxation represents tax currently payable on the taxable profits for the period.

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 in respect of all timing differences that have originated but not reversed at the date of the statement of financial position. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs
The company contributes to the personal pension schemes of employees. Contributions payable are charged to the income statement in the period to which they relate.

Laplace Instruments Limited (Registered number: 02219693)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Patents
Patents are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the costs in equal annual instalments over their useful lives of three years.

Financial instruments
Short-term debtors are measured at transaction price, less any impairment. The impairment loss is measured as the difference between an asset's carrying value and the best estimate of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Short-term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2023
and 30 April 2024 13,754
AMORTISATION
At 1 May 2023
and 30 April 2024 13,753
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Software Totals
£    £    £    £    £   
COST
At 1 May 2023 67,418 27,366 31,499 28,810 155,093
Additions 411 528 - - 939
Disposals - (2,437 ) (31,499 ) - (33,936 )
At 30 April 2024 67,829 25,457 - 28,810 122,096
DEPRECIATION
At 1 May 2023 63,934 27,366 31,499 28,810 151,609
Charge for year 1,246 106 - - 1,352
Eliminated on disposal - (2,437 ) (31,499 ) - (33,936 )
At 30 April 2024 65,180 25,035 - 28,810 119,025
NET BOOK VALUE
At 30 April 2024 2,649 422 - - 3,071
At 30 April 2023 3,484 - - - 3,484

Laplace Instruments Limited (Registered number: 02219693)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 19,075
NET BOOK VALUE
At 30 April 2024 19,075
At 30 April 2023 19,075

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88,157 150,632
Other debtors 22,586 23,600
110,743 174,232

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 67,544 85,831
Amounts owed to group undertakings 228,800 -
Taxation and social security 46,695 32,892
Other creditors 16,585 20,847
359,624 139,570

9. RELATED PARTY DISCLOSURES

Entities over which the company has a participating interest

2024 2023
£    £   
Sales and recharges 290,801 225,750
Amount due from related party 26,188 50,324