IRIS Accounts Production v24.3.0.553 04403337 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044033372023-04-30044033372024-04-30044033372023-05-012024-04-30044033372022-04-30044033372022-05-012023-04-30044033372023-04-3004403337ns15:EnglandWales2023-05-012024-04-3004403337ns14:PoundSterling2023-05-012024-04-3004403337ns10:Director12023-05-012024-04-3004403337ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004403337ns10:SmallEntities2023-05-012024-04-3004403337ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3004403337ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004403337ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004403337ns10:FullAccounts2023-05-012024-04-3004403337ns10:Director22023-05-012024-04-3004403337ns10:CompanySecretary12023-05-012024-04-3004403337ns10:RegisteredOffice2023-05-012024-04-3004403337ns5:CurrentFinancialInstruments2024-04-3004403337ns5:CurrentFinancialInstruments2023-04-3004403337ns5:ShareCapital2024-04-3004403337ns5:ShareCapital2023-04-3004403337ns5:RetainedEarningsAccumulatedLosses2024-04-3004403337ns5:RetainedEarningsAccumulatedLosses2023-04-3004403337ns5:PlantMachinery2023-05-012024-04-3004403337ns5:FurnitureFittings2023-05-012024-04-3004403337ns5:ComputerEquipment2023-05-012024-04-3004403337ns5:PlantMachinery2023-04-3004403337ns5:FurnitureFittings2023-04-3004403337ns5:ComputerEquipment2023-04-3004403337ns5:PlantMachinery2024-04-3004403337ns5:FurnitureFittings2024-04-3004403337ns5:ComputerEquipment2024-04-3004403337ns5:PlantMachinery2023-04-3004403337ns5:FurnitureFittings2023-04-3004403337ns5:ComputerEquipment2023-04-3004403337ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004403337ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3004403337ns5:CurrentFinancialInstruments2023-05-012024-04-3004403337ns5:DeferredTaxation2023-04-3004403337ns5:DeferredTaxation2023-05-012024-04-3004403337ns5:DeferredTaxation2024-04-30
REGISTERED NUMBER: 04403337 (England and Wales)















LAUNCHPAD RESEARCH LIMITED

Unaudited Financial Statements For The Year Ended 30 April 2024






LAUNCHPAD RESEARCH LIMITED (REGISTERED NUMBER: 04403337)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

LAUNCHPAD RESEARCH LIMITED

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mrs J Appleby
Mrs B L Barrett





SECRETARY: Mrs J Appleby





REGISTERED OFFICE: Unit 5, Apex Business Village Northumber
Annitsford
Newcastle upon Tyne
NE23 7BF





REGISTERED NUMBER: 04403337 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

LAUNCHPAD RESEARCH LIMITED (REGISTERED NUMBER: 04403337)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,663 31,234

CURRENT ASSETS
Stocks 175,413 -
Debtors 5 188,079 199,566
Cash at bank and in hand 13,188 211,111
376,680 410,677
CREDITORS
Amounts falling due within one year 6 245,470 66,475
NET CURRENT ASSETS 131,210 344,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,873

375,436

PROVISIONS FOR LIABILITIES 8 4,686 5,935
NET ASSETS 151,187 369,501

CAPITAL AND RESERVES
Called up share capital 78 78
Retained earnings 151,109 369,423
SHAREHOLDERS' FUNDS 151,187 369,501

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.

LAUNCHPAD RESEARCH LIMITED (REGISTERED NUMBER: 04403337)

Balance Sheet - continued
30 April 2024


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 19 December 2024 and were signed on its behalf by:





Mrs J Appleby - Director


LAUNCHPAD RESEARCH LIMITED (REGISTERED NUMBER: 04403337)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Launchpad Research 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.
Rendering of services:
The company provides market research services. When the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs, and its stage of completion, the company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered.
When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock consists wholly of work in progress. This is valued at cost plus a margin that reflects how complete the work has progressed. Net realisable value exceeds the value of work in progress.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

LAUNCHPAD RESEARCH LIMITED (REGISTERED NUMBER: 04403337)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

Employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2023 - 55 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 19,578 36,344 36,575 92,497
Additions 639 180 496 1,315
Disposals (4,680 ) (3,539 ) (2,645 ) (10,864 )
At 30 April 2024 15,537 32,985 34,426 82,948
DEPRECIATION
At 1 May 2023 7,856 28,021 25,386 61,263
Charge for year 1,623 1,251 2,792 5,666
Eliminated on disposal (3,141 ) (3,378 ) (2,125 ) (8,644 )
At 30 April 2024 6,338 25,894 26,053 58,285
NET BOOK VALUE
At 30 April 2024 9,199 7,091 8,373 24,663
At 30 April 2023 11,722 8,323 11,189 31,234

LAUNCHPAD RESEARCH LIMITED (REGISTERED NUMBER: 04403337)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 171,407 91,904
Other debtors 16,672 107,662
188,079 199,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,719 31,125
Taxation and social security 20,954 19,619
Other creditors 204,797 15,731
245,470 66,475

Included in other creditors are amounts owed to the Directors, this year they were owed £7,589 (£8,819 - 2023).

7. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.
Loans made to the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.
Hire purchase contracts taken out by the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,686 5,935

Deferred
tax
£   
Balance at 1 May 2023 5,935
Provided during year (1,249 )
Balance at 30 April 2024 4,686

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

LAUNCHPAD RESEARCH LIMITED

Report of the Accountants to the Directors of
Launchpad Research 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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


20 December 2024