Company Registration No. 04169118 (England and Wales)
Leicester Lazer Seal Ltd
Unaudited accounts
for the year ended 30 April 2024
Leicester Lazer Seal Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
30,494
20,094
Cash at bank and in hand
64,066
71,498
Creditors: amounts falling due within one year
(182,445)
(158,383)
Net current assets
12,633
6,588
Total assets less current liabilities
43,127
26,682
Provisions for liabilities
Deferred tax
(5,794)
(3,818)
Called up share capital
20
20
Profit and loss account
37,313
22,844
Shareholders' funds
37,333
22,864
For the year ending 30 April 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2025 and were signed on its behalf by
Mr Rashid Mangia
Director
Company Registration No. 04169118
Leicester Lazer Seal Ltd
Notes to the Accounts
for the year ended 30 April 2024
Leicester Lazer Seal Ltd is a private company, limited by shares, registered in England and Wales, registration number 04169118. The registered office is 80 Upper Charnwood Street, Leicester, LE2 0BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Computer equipment
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leicester Lazer Seal Ltd
Notes to the Accounts
for the year ended 30 April 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
131,012
88,879
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
25,006
23,777
Taxes and social security
28,104
22,086
Other creditors
38,725
38,220
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).