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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,494 
20,094 
Current assets
Debtors
131,012 
93,473 
Cash at bank and in hand
64,066 
71,498 
195,078 
164,971 
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)
Net assets
37,333 
22,864 
Capital and reserves
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
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Leicester Lazer Seal Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Leased assets
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.
Pension costs
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.
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Leicester Lazer Seal Ltd Notes to the Accounts for the year ended 30 April 2024
Government grants
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 
£ 
Cost or valuation
At cost 
At 1 May 2023
54,444 
Additions
17,492 
At 30 April 2024
71,936 
Depreciation
At 1 May 2023
34,350 
Charge for the year
7,092 
At 30 April 2024
41,442 
Net book value
At 30 April 2024
30,494 
At 30 April 2023
20,094 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
131,012 
88,879 
Other debtors
- 
4,594 
131,012 
93,473 
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 
Accruals
90,610 
74,300 
182,445 
158,383 
7
Share capital
2024 
2023 
£ 
£ 
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).
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