2023-07-01 07670917 2024-06-30 07670917 2023-07-01 2024-06-30 07670917 2023-06-30 07670917 2022-07-01 2023-06-30 07670917 uk-core:WithinOneYear 2023-06-30 07670917 uk-core:WithinOneYear 2024-06-30 07670917 uk-core:ShareCapital 2024-06-30 07670917 uk-core:ShareCapital 2023-06-30 07670917 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 07670917 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 07670917 uk-bus:Director1 2023-07-01 2024-06-30 07670917 uk-core:PlantMachinery 2023-07-01 2024-06-30 07670917 uk-core:FurnitureFittings 2023-07-01 2024-06-30 07670917 uk-core:FurnitureFittings 2023-06-30 07670917 uk-core:PlantMachinery 2023-06-30 07670917 uk-core:PlantMachinery 2024-06-30 07670917 uk-core:FurnitureFittings 2024-06-30 iso4217:GBP xbrli:pure 07670917 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07670917 uk-bus:FRS102 2023-07-01 2024-06-30 07670917 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 07670917 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Draft
Laws Geophysics Limited
Registered Number:07670917
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 June 2024
Laws Geophysics Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
07670917
As at 30 June 2024
Laws Geophysics Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
-
2,357
2
-
2,357
Current assets
Trade and other receivables
149
-
3
33,542
Cash and cash equivalents
20,240
20,240
33,691
Trade and other payables: amounts falling due within one year
(1,156)
(957)
4
32,535
19,283
Net current assets
Total assets less current liabilities
19,283
34,892
19,283
Net assets
34,892
Capital and reserves
Called up share capital
100
100
Retained earnings
19,183
34,792
19,283
34,892
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
John Laws Director
These financial statements were approved and authorised for issue by the Board on 10 March 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 June 2024
Laws Geophysics Limited
Notes to the Financial Statements
Statutory Information
Laws Geophysics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07670917.
Registered address:
Horizon House
2 Whiting Street
Sheffield S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
20% Reducing balance
Fixtures and fittings
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or valuation
At 01 July 2023
24,793
12,982
11,811
At 30 June 2024
11,811
12,982
24,793
Provision for depreciation and impairment
At 01 July 2023
22,436
12,982
9,454
Charge for year
2,357
-
2,357
At 30 June 2024
24,793
12,982
11,811
At 30 June 2024
Net book value
-
-
-
At 30 June 2023
2,357
-
2,357
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5
Draft
For the year ended 30 June 2024
Laws Geophysics Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
-
149
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
957
1,156
5. Average number of persons employed
During the year the average number of employees was 0
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