Company Registration No. 00905145 (England and Wales)
LAMINA DIELECTRICS LIMITED
Unaudited accounts
for the year ended 31 December 2024
LAMINA DIELECTRICS LIMITED
Unaudited accounts
Contents
LAMINA DIELECTRICS LIMITED
Company Information
for the year ended 31 December 2024
Director
Simon Richard HESTER
Company Number
00905145 (England and Wales)
Registered Office
DAUX ROAD
BILLINGSHURST
WEST SUSSEX
RH14 9SJ
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
LAMINA DIELECTRICS LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
3,250,713
2,825,029
Inventories
333,158
353,370
Cash at bank and in hand
1,498,744
1,303,717
Creditors: amounts falling due within one year
(58,946)
(41,495)
Net current assets
1,983,068
1,941,893
Net assets
5,233,781
4,767,050
Called up share capital
433,653
433,653
Revaluation reserve
768,251
278,251
Capital redemption reserve
38,199
38,199
Profit and loss account
3,993,678
4,016,947
Shareholders' funds
5,233,781
4,767,050
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2025 and were signed on its behalf by
Simon Richard HESTER
Director
Company Registration No. 00905145
LAMINA DIELECTRICS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
LAMINA DIELECTRICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00905145. The registered office is DAUX ROAD, BILLINGSHURST , WEST SUSSEX, RH14 9SJ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Impairment of non-current assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.
Property, plant and equipment
Property, plant and equipment 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:
Land & buildings
Revaluation model - land not depreciated
Plant & machinery
6.67% to 20% straight line
Fixtures & fittings
12% to 33% straight line
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation 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:
Patents 20% straight line
LAMINA DIELECTRICS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Other
At 31 December 2024
71,606
At 31 December 2024
71,606
LAMINA DIELECTRICS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
3,786,749
3,671,255
474,552
138,232
8,070,788
Disposals
-
(2,183,358)
(424,431)
(138,232)
(2,746,021)
At 31 December 2024
3,786,749
1,488,112
50,121
160
5,325,142
At 1 January 2024
1,276,749
3,357,864
473,345
137,801
5,245,759
Charge for the year
-
43,162
1,207
480
44,849
Surplus on revaluation
(490,000)
-
-
-
(490,000)
On disposals
-
(2,163,516)
(424,431)
(138,232)
(2,726,179)
At 31 December 2024
786,749
1,237,510
50,121
49
2,074,429
At 31 December 2024
3,000,000
250,602
-
111
3,250,713
At 31 December 2023
2,510,000
313,391
1,207
431
2,825,029
Carrying amount of land and buildings on cost basis
-
2,231,750
The freehold property was revalued during the year from £2,510,000 to £3,000,000, resulting in a revaluation surplus of £490,000. The revaluation was undertaken by the directors based on their assessment of the current market conditions and recent comparable transactions in the area.
The directors are of the opinion that the carrying amount of the property reflects its fair value at the balance sheet date. No independent professional valuation was obtained.
The revaluation surplus has been credited to the revaluation reserve within equity.
Amounts falling due within one year
Trade debtors
146,519
210,057
Amounts due from group undertakings etc.
36,000
-
Deferred tax asset
-
1,862
Accrued income and prepayments
25,453
24,347
Other debtors
1,200
84,762
Amounts falling due after more than one year
Amounts due from group undertakings etc.
940
-
LAMINA DIELECTRICS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
35,901
30,001
Taxes and social security
-
1,227
Other creditors
253
10,267
Allotted, called up and fully paid:
433,653 Ordinary shares of £1 each
433,653
433,653
The immediate and ultimate parent undertaking and controlling party is LAMINA DIELECTRICS HOLDINGS LIMITED. The registered office of LAMINA DIELECTRICS HOLDINGS LIMITED is Lamina Dielectrics Limited, Daux Road, Billingshurst, West Sussex, United Kingdom, RH14 9SJ.
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Average number of employees
During the year the average number of employees was 10 (2023: 10).
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Reconciliations on adoption of FRS 102