2023-02-012024-01-312024-01-31false12412528LAUNSTON GROUP LIMITED2024-10-1243220iso4217:GBPxbrli:pure124125282023-02-01124125282024-01-31124125282023-02-012024-01-31124125282022-02-01124125282023-01-31124125282022-02-012023-01-3112412528bus:SmallEntities2023-02-012024-01-3112412528bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112412528bus:FullAccounts2023-02-012024-01-3112412528bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112412528core:WithinOneYear2024-01-3112412528core:AfterOneYear2024-01-3112412528core:WithinOneYear2023-01-3112412528core:AfterOneYear2023-01-3112412528core:ShareCapital2024-01-3112412528core:SharePremium2024-01-3112412528core:RevaluationReserve2024-01-3112412528core:OtherReservesSubtotal2024-01-3112412528core:RetainedEarningsAccumulatedLosses2024-01-3112412528core:ShareCapital2023-01-3112412528core:SharePremium2023-01-3112412528core:RevaluationReserve2023-01-3112412528core:OtherReservesSubtotal2023-01-3112412528core:RetainedEarningsAccumulatedLosses2023-01-3112412528core:LandBuildings2024-01-3112412528core:PlantMachinery2024-01-3112412528core:Vehicles2024-01-3112412528core:FurnitureFittings2024-01-3112412528core:OfficeEquipment2024-01-3112412528core:NetGoodwill2024-01-3112412528core:IntangibleAssetsOtherThanGoodwill2024-01-3112412528core:ListedExchangeTraded2024-01-3112412528core:UnlistedNon-exchangeTraded2024-01-3112412528core:LandBuildings2023-01-3112412528core:PlantMachinery2023-01-3112412528core:Vehicles2023-01-3112412528core:FurnitureFittings2023-01-3112412528core:OfficeEquipment2023-01-3112412528core:NetGoodwill2023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2023-01-3112412528core:ListedExchangeTraded2023-01-3112412528core:UnlistedNon-exchangeTraded2023-01-3112412528core:LandBuildings2023-02-012024-01-3112412528core:PlantMachinery2023-02-012024-01-3112412528core:Vehicles2023-02-012024-01-3112412528core:FurnitureFittings2023-02-012024-01-3112412528core:OfficeEquipment2023-02-012024-01-3112412528core:NetGoodwill2023-02-012024-01-3112412528core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112412528core:ListedExchangeTraded2023-02-012024-01-3112412528core:UnlistedNon-exchangeTraded2023-02-012024-01-3112412528core:MoreThanFiveYears2023-02-012024-01-3112412528core:Non-currentFinancialInstruments2024-01-3112412528core:Non-currentFinancialInstruments2023-01-3112412528dpl:CostSales2023-02-012024-01-3112412528dpl:DistributionCosts2023-02-012024-01-3112412528core:LandBuildings2023-02-012024-01-3112412528core:PlantMachinery2023-02-012024-01-3112412528core:Vehicles2023-02-012024-01-3112412528core:FurnitureFittings2023-02-012024-01-3112412528core:OfficeEquipment2023-02-012024-01-3112412528dpl:AdministrativeExpenses2023-02-012024-01-3112412528core:NetGoodwill2023-02-012024-01-3112412528core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112412528dpl:GroupUndertakings2023-02-012024-01-3112412528dpl:ParticipatingInterests2023-02-012024-01-3112412528dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112412528core:ListedExchangeTraded2023-02-012024-01-3112412528dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112412528core:UnlistedNon-exchangeTraded2023-02-012024-01-3112412528dpl:CostSales2022-02-012023-01-3112412528dpl:DistributionCosts2022-02-012023-01-3112412528core:LandBuildings2022-02-012023-01-3112412528core:PlantMachinery2022-02-012023-01-3112412528core:Vehicles2022-02-012023-01-3112412528core:FurnitureFittings2022-02-012023-01-3112412528core:OfficeEquipment2022-02-012023-01-3112412528dpl:AdministrativeExpenses2022-02-012023-01-3112412528core:NetGoodwill2022-02-012023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112412528dpl:GroupUndertakings2022-02-012023-01-3112412528dpl:ParticipatingInterests2022-02-012023-01-3112412528dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112412528core:ListedExchangeTraded2022-02-012023-01-3112412528dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112412528core:UnlistedNon-exchangeTraded2022-02-012023-01-3112412528core:NetGoodwill2024-01-3112412528core:IntangibleAssetsOtherThanGoodwill2024-01-3112412528core:LandBuildings2024-01-3112412528core:PlantMachinery2024-01-3112412528core:Vehicles2024-01-3112412528core:FurnitureFittings2024-01-3112412528core:OfficeEquipment2024-01-3112412528core:AfterOneYear2024-01-3112412528core:WithinOneYear2024-01-3112412528core:ListedExchangeTraded2024-01-3112412528core:UnlistedNon-exchangeTraded2024-01-3112412528core:ShareCapital2024-01-3112412528core:SharePremium2024-01-3112412528core:RevaluationReserve2024-01-3112412528core:OtherReservesSubtotal2024-01-3112412528core:RetainedEarningsAccumulatedLosses2024-01-3112412528core:NetGoodwill2023-01-3112412528core:IntangibleAssetsOtherThanGoodwill2023-01-3112412528core:LandBuildings2023-01-3112412528core:PlantMachinery2023-01-3112412528core:Vehicles2023-01-3112412528core:FurnitureFittings2023-01-3112412528core:OfficeEquipment2023-01-3112412528core:AfterOneYear2023-01-3112412528core:WithinOneYear2023-01-3112412528core:Liste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LAUNSTON GROUP LIMITED

Registered Number
12412528
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

LAUNSTON GROUP LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

NEWNHAM, Alexander John

Registered Address

Abbey Manor Business Centre
Preston Road
Yeovil
BA20 2EN

Registered Number

12412528 (England and Wales)
LAUNSTON GROUP LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,6054,208
3,6054,208
Current assets
Stocks4500500
Debtors10,216196
Cash at bank and on hand1,781228
12,497924
Creditors amounts falling due within one year5(11,293)(22,297)
Net current assets (liabilities)1,204(21,373)
Total assets less current liabilities4,809(17,165)
Creditors amounts falling due after one year6(5,434)(7,637)
Net assets(625)(24,802)
Capital and reserves
Called up share capital100100
Profit and loss account(725)(24,902)
Shareholders' funds(625)(24,802)
The financial statements were approved and authorised for issue by the Director on 12 October 2024, and are signed on its behalf by:
NEWNHAM, Alexander John
Director
Registered Company No. 12412528
LAUNSTON GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles4
Office Equipment3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 231,62111,01974313,383
Additions2,145-1,1243,269
At 31 January 243,76611,0191,86716,652
Depreciation and impairment
At 01 February 235538,2653579,175
Charge for year7142,7544043,872
At 31 January 241,26711,01976113,047
Net book value
At 31 January 242,499-1,1063,605
At 31 January 231,0682,7543864,208
4.Stocks

2024

2023

££
Raw materials and consumables500500
Total500500
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables328263
Bank borrowings and overdrafts1,5001,500
Taxation and social security2,432-
Finance lease and HP contracts2,2042,204
Other creditors4,82918,299
Accrued liabilities and deferred income-31
Total11,29322,297
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,2505,250
Other creditors1842,387
Total5,4347,637
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts1842,387
8.Provisions for liabilities