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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
Page
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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
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LAMINA DIELECTRICS LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
128 
Tangible assets
3,250,713 
2,825,029 
3,250,713 
2,825,157 
Current assets
Inventories
333,158 
353,370 
Debtors
210,112 
326,301 
Cash at bank and in hand
1,498,744 
1,303,717 
2,042,014 
1,983,388 
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 
Capital and reserves
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
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LAMINA DIELECTRICS LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis.
Inventories
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
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LAMINA DIELECTRICS LIMITED Notes to the Accounts for the year ended 31 December 2024
Foreign exchange
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.
Pension costs
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
315,425 
Disposals
(243,819)
At 31 December 2024
71,606 
Amortisation
At 1 January 2024
315,297 
On disposals
(243,819)
Charge for the year
128 
At 31 December 2024
71,606 
Net book value
At 31 December 2024
- 
At 31 December 2023
128 
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LAMINA DIELECTRICS LIMITED Notes to the Accounts for the year ended 31 December 2024
5
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 
Additions
- 
215 
- 
160 
375 
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 
Depreciation
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 
Net book value
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 
2024 
2023 
£ 
£ 
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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,273 
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 
209,172 
326,301 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
940 
- 
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LAMINA DIELECTRICS LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
412 
- 
Trade creditors
35,901 
30,001 
Taxes and social security
- 
1,227 
Other creditors
253 
10,267 
Accruals
14,380 
- 
Deferred income
8,000 
- 
58,946 
41,495 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
433,653 Ordinary shares of £1 each
433,653 
433,653 
9
Controlling party
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.
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).
11
Reconciliations on adoption of FRS 102
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