Company registration number SC238888 (Scotland)
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr S Dew
Mr I Henderson
Mr Steven Cameron
(Appointed 1 February 2024)
Mr J Glowacki
(Appointed 1 February 2024)
Secretary
Mr I Henderson
Company number
SC238888
Registered office
Block 3 Unit 3.05
West Of Scotland Science Park, Kelvin Campus
Maryhill Road
Glasgow
Scotland
G20 0SP
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
33,961
2,346
Current assets
Stocks
119,643
71,595
Debtors
4
140,547
215,300
Cash at bank and in hand
28,328
1,848
288,518
288,743
Creditors: amounts falling due within one year
5
(1,075,661)
(983,050)
Net current liabilities
(787,143)
(694,307)
Total assets less current liabilities
(753,182)
(691,961)
Creditors: amounts falling due after more than one year
6
(10,170)
-
0
Net liabilities
(763,352)
(691,961)
Capital and reserves
Called up share capital
7
90
90
Capital redemption reserve
10
10
Profit and loss reserves
(763,452)
(692,061)
Total equity
(763,352)
(691,961)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 March 2025 and are signed on its behalf by:
Mr I Henderson
Director
Company Registration No. SC238888
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Laplace Building Solutions (North) Limited is a private company limited by shares incorporated in Scotland. The registered office is Block 3 Unit 3.05, West Of Scotland Science Park, Kelvin Campus, Maryhill Road, Glasgow, Scotland, G20 0SP. The company's registration number is SC238888.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had net liabilities of £763,352 (2023 - £691,961). At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources through the support of group companies to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
- 10 years
Plant and equipment
- 20% on cost
Fixtures and fittings
- 20% reducing balance
Computers
- 33% on cost
Motor vehicles
- 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 6 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value, and are depreciated in accordance with the above depreciation policies.

 

Future instalments payable under such agreements, net of finance charges, are included within creditors. Rentals payable are apportioned between the capital element, which reduces the outstanding obligation included within creditors, and the finance element, which is charged to the profit and loss account on a straight line basis.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Total
8
10
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2023
53,848
-
0
12,472
23,116
142,960
232,396
Additions
-
0
10,000
-
0
-
0
28,256
38,256
Disposals
-
0
-
0
(12,472)
(23,116)
(35,378)
(70,966)
At 30 June 2024
53,848
10,000
-
0
-
0
135,838
199,686
Depreciation and impairment
At 1 July 2023
53,848
-
0
12,472
23,116
140,614
230,050
Depreciation charged in the year
-
0
1,000
-
0
-
0
4,941
5,941
Eliminated in respect of disposals
-
0
-
0
(12,472)
(23,116)
(34,678)
(70,266)
At 30 June 2024
53,848
1,000
-
0
-
0
110,877
165,725
Carrying amount
At 30 June 2024
-
0
9,000
-
0
-
0
24,961
33,961
At 30 June 2023
-
0
-
0
-
0
-
0
2,346
2,346
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
80,736
164,519
Other debtors
59,811
50,781
140,547
215,300
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
56,781
37,597
Amounts owed to group undertakings
977,825
910,294
Taxation and social security
6,637
22,626
Other creditors
34,418
12,533
1,075,661
983,050
LAPLACE BUILDING SOLUTIONS (NORTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
5
Creditors: amounts falling due within one year
(Continued)
- 8 -

A floating charge is secured over all the assets of the company.

 

Included within other creditors is an amount totalling £8,716 (2023 - £779) for hire purchase liabilities. These liabilities are secured over the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
10,170
-
0

Included within other creditors is an amount totalling £10,170 (2023 - £NIL) for hire purchase liabilities. These liabilities are secured over the assets to which they relate.

7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
90 Ordinary shares of £1
90
90
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
25,697
-
0
9
Related party transactions

The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries with the group.

 

No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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