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REGISTERED NUMBER: 13544238 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LAUNCH MECHANICAL LTD

LAUNCH MECHANICAL LTD (REGISTERED NUMBER: 13544238)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAUNCH MECHANICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D Holt
L M O'Brien
T Rozee





REGISTERED OFFICE: 1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 13544238 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

LAUNCH MECHANICAL LTD (REGISTERED NUMBER: 13544238)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,592 36,520

CURRENT ASSETS
Debtors 5 420,349 213,999
Cash at bank 24,381 48,755
444,730 262,754
CREDITORS
Amounts falling due within one year 6 222,358 154,960
NET CURRENT ASSETS 222,372 107,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,964

144,314

CREDITORS
Amounts falling due after more than one
year

7

27,607

-
NET ASSETS 255,357 144,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 255,257 144,214
SHAREHOLDERS' FUNDS 255,357 144,314

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

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

LAUNCH MECHANICAL LTD (REGISTERED NUMBER: 13544238)

BALANCE SHEET - continued
31 AUGUST 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 20 May 2025 and were signed on its behalf by:





L M O'Brien - Director


LAUNCH MECHANICAL LTD (REGISTERED NUMBER: 13544238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Launch Mechanical Ltd 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 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.

LAUNCH MECHANICAL LTD (REGISTERED NUMBER: 13544238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 700 47,993 48,693
Additions 557 43,712 44,269
At 31 August 2024 1,257 91,705 92,962
DEPRECIATION
At 1 September 2023 175 11,998 12,173
Charge for year 270 19,927 20,197
At 31 August 2024 445 31,925 32,370
NET BOOK VALUE
At 31 August 2024 812 59,780 60,592
At 31 August 2023 525 35,995 36,520

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 43,712
At 31 August 2024 43,712
DEPRECIATION
Charge for year 10,928
At 31 August 2024 10,928
NET BOOK VALUE
At 31 August 2024 32,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,911 81,830
Other debtors 159,939 122,467
VAT 17,499 7,005
Prepayments - 2,697
420,349 213,999

LAUNCH MECHANICAL LTD (REGISTERED NUMBER: 13544238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 6,916 -
Trade creditors 107,351 77,312
Tax 71,066 48,838
Social security and other taxes 31,293 21,325
Other creditors 48 -
Directors' current accounts 2,734 4,685
Accrued expenses 2,950 2,800
222,358 154,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 27,607 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,916 -
Between one and five years 27,607 -
34,523 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,916 -
Between one and five years 27,606 -
34,522 -

9. SECURED DEBTS

The hire purchase creditors are secured on the company's fixed assets.