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REGISTERED NUMBER: 03056441 (England and Wales)















Unaudited Financial Statements

for the Period 31 May 2023 to 31 May 2024

for

Laserpoint Solutions Limited

Laserpoint Solutions Limited (Registered number: 03056441)






Contents of the Financial Statements
for the Period 31 May 2023 to 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Laserpoint Solutions Limited

Company Information
for the Period 31 May 2023 to 31 May 2024







DIRECTORS: Miss P L Dixon
S Dixon
Mrs A Dixon
Ms E Preston





SECRETARY: Mrs A Dixon





REGISTERED OFFICE: Unit 6c Enterprise Way
Evesham
Worcestershire
WR11 1GS





REGISTERED NUMBER: 03056441 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Laserpoint Solutions Limited (Registered number: 03056441)

Abridged Statement of Financial Position
31 May 2024

31.5.24 30.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,862 250,671

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 182,410 215,418
Cash at bank 10,090 36
197,500 220,454
CREDITORS
Amounts falling due within one year 389,451 320,288
NET CURRENT LIABILITIES (191,951 ) (99,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

911

150,837

CREDITORS
Amounts falling due after more than one year (15,456 ) (62,615 )

PROVISIONS FOR LIABILITIES (33,476 ) (43,764 )
NET (LIABILITIES)/ASSETS (48,021 ) 44,458

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (48,023 ) 44,456
SHAREHOLDERS' FUNDS (48,021 ) 44,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Laserpoint Solutions Limited (Registered number: 03056441)

Abridged Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the period ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2024 and were signed on its behalf by:





S Dixon - Director


Laserpoint Solutions Limited (Registered number: 03056441)

Notes to the Financial Statements
for the Period 31 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Laserpoint Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Laserpoint Solutions Limited (Registered number: 03056441)

Notes to the Financial Statements - continued
for the Period 31 May 2023 to 31 May 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 May 2023
and 31 May 2024 697,950
DEPRECIATION
At 31 May 2023 447,279
Charge for period 57,809
At 31 May 2024 505,088
NET BOOK VALUE
At 31 May 2024 192,862
At 30 May 2023 250,671

5. LOANS

An analysis of the maturity of loans is given below:

31.5.24 30.5.23
£    £   
Amounts falling due within one year or on demand:
Other loans - 22,538

Amounts falling due between one and two years:
Other loans - 1-2 years - 1,973

Laserpoint Solutions Limited (Registered number: 03056441)

Notes to the Financial Statements - continued
for the Period 31 May 2023 to 31 May 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 30.5.23
£    £   
Bank overdrafts 39,366 43,956
Other loans - 24,511
Hire purchase contracts 66,784 152,305
106,150 220,772

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 30.5.23
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2024 and the year ended 30 May 2023:

31.5.24 30.5.23
£    £   
S Dixon
Balance outstanding at start of period 53,817 83,071
Amounts advanced 21,700 32,702
Amounts repaid (41,598 ) (61,956 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 33,919 53,817

Mrs A Dixon
Balance outstanding at start of period 53,817 83,071
Amounts advanced 21,700 32,702
Amounts repaid (41,597 ) (61,956 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 33,920 53,817

Overdrawn loan account, no interest charged, repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling parties are the directors, S Dixon and Mrs A Dixon by virtue of their 100% holding of the issued share capital.