Registered number
03167287
Laminar Systems Ltd
Unaudited Filleted Accounts
31 March 2024
Laminar Systems Ltd
Registered number: 03167287
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2 2
Current assets
Stocks 9,747 9,747
Debtors 4 5,063 4,979
Cash at bank and in hand 226 210
15,036 14,936
Creditors: amounts falling due within one year 5 (44,147) (38,746)
Net current liabilities (29,111) (23,810)
Net liabilities (29,109) (23,808)
Capital and reserves
Called up share capital 2 2
Profit and loss account (29,111) (23,810)
Shareholders' funds (29,109) (23,808)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C P F Sheppard
Director
Approved by the board on 13 August 2024
Laminar Systems Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,927
At 31 March 2024 2,927
Depreciation
At 1 April 2023 2,925
At 31 March 2024 2,925
Net book value
At 31 March 2024 2
At 31 March 2023 2
4 Debtors 2024 2023
£ £
Trade debtors 5,063 4,979
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 500 675
Directors current account 11,592 11,592
Taxation and social security costs 310 262
Directors loan account 31,745 26,217
44,147 38,746
6 Other information
Laminar Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Lilies
Griffe Grange Valley
Grange Mill, Matlock
Derbyshire
DE4 4BU
Laminar Systems Ltd 03167287 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 C P F Sheppard No description of principal activity 03167287 2022-04-01 2023-03-31 03167287 core:WithinOneYear 2023-03-31 03167287 core:ShareCapital 2023-03-31 03167287 core:RetainedEarningsAccumulatedLosses 2023-03-31 03167287 2023-04-01 2024-03-31 03167287 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03167287 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03167287 bus:Director40 2023-04-01 2024-03-31 03167287 1 2023-04-01 2024-03-31 03167287 2 2023-04-01 2024-03-31 03167287 countries:England 2023-04-01 2024-03-31 03167287 bus:FRS102 2023-04-01 2024-03-31 03167287 bus:FilletedAccounts 2023-04-01 2024-03-31 03167287 2024-03-31 03167287 core:WithinOneYear 2024-03-31 03167287 core:ShareCapital 2024-03-31 03167287 core:RetainedEarningsAccumulatedLosses 2024-03-31 03167287 core:PlantMachinery 2024-03-31 03167287 2023-03-31 03167287 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure