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REGISTERED NUMBER: 02692735 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LASER ELECTRONICS LIMITED

LASER ELECTRONICS LIMITED (REGISTERED NUMBER: 02692735)

Contents of the Financial Statements
for the year ended 31 March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LASER ELECTRONICS LIMITED

Company Information
for the year ended 31 March 2025







Director: Mr C R Davie





Secretary: Mr K Thorne





Registered office: Davie Electronic Group
Gunby Road
Orby Skegness
Lincolnshire
PE24 5HT





Registered number: 02692735 (England and Wales)





Accountants: Haines Watts
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

LASER ELECTRONICS LIMITED (REGISTERED NUMBER: 02692735)

Statement of Financial Position
31 March 2025

2025 2024
Notes £ £ £
Fixed assets
Tangible assets 4 23,538 27,858

Current assets
Stocks 5 5,000 5,000
Debtors 6 3,259 3,627
Cash at bank 5,058 7,180
13,317 15,807
Creditors
Amounts falling due within one year 7 8,822 10,114
Net current assets 4,495 5,693
Total assets less current liabilities 28,033 33,551

Creditors
Amounts falling due after more than one year 8 (4,504 ) (12,247 )

Provisions for liabilities (4,472 ) (5,293 )
Net assets 19,057 16,011

Capital and reserves
Called up share capital 9 2 2
Retained earnings 10 19,055 16,009
Shareholders' funds 19,057 16,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 7 May 2025 and were signed by:





Mr C R Davie - Director


LASER ELECTRONICS LIMITED (REGISTERED NUMBER: 02692735)

Notes to the Financial Statements
for the year ended 31 March 2025


1. Statutory information

Laser Electronics 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 15% 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 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 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 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.

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.

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

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

LASER ELECTRONICS LIMITED (REGISTERED NUMBER: 02692735)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


4. Tangible fixed assets
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 April 2024
and 31 March 2025 43,607 2,245 8,000 10,194 64,046
Depreciation
At 1 April 2024 18,735 1,684 6,576 9,193 36,188
Charge for year 3,730 84 356 150 4,320
At 31 March 2025 22,465 1,768 6,932 9,343 40,508
Net book value
At 31 March 2025 21,142 477 1,068 851 23,538
At 31 March 2024 24,872 561 1,424 1,001 27,858

5. Stocks
2025 2024
£ £
Stocks 5,000 5,000

6. Debtors: amounts falling due within one year
2025 2024
£ £
Trade debtors 1,297 216
VAT - 970
Prepayments and accrued income 1,962 2,441
3,259 3,627

7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 7,050 6,379
Trade creditors 1,550 65
Corporation tax - 22
Social security and other taxes - 628
VAT 53 -
Directors' loan accounts 169 3,020
8,822 10,114

8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans - 2-5 years 4,504 12,247

LASER ELECTRONICS LIMITED (REGISTERED NUMBER: 02692735)

Notes to the Financial Statements - continued
for the year ended 31 March 2025


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary £1 2 2

10. Reserves
Retained
earnings
£

At 1 April 2024 16,009
Profit for the year 5,046
Dividends (2,000 )
At 31 March 2025 19,055