Company registration number 12361320 (England and Wales)
LAMINAM UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LAMINAM UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
3 - 8
LAMINAM UK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,096
6,417
Current assets
Stocks
25,343
14,920
Debtors
4
1,167,404
211,082
Cash at bank and in hand
133,449
557,534
1,326,196
783,536
Creditors: amounts falling due within one year
5
(1,433,192)
(815,925)
Net current liabilities
(106,996)
(32,389)
Net liabilities
(102,900)
(25,972)
Capital and reserves
Called up share capital
1,007,528
1,007,528
Profit and loss reserves
(1,110,428)
(1,033,500)
Total equity
(102,900)
(25,972)

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

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

The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
C De Leva
G Shaw
Director
Director
Company registration number 12361320 (England and Wales)
LAMINAM UK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
300,000
(407,529)
(107,529)
Year ended 31 December 2023:
Loss and total comprehensive income
-
(625,971)
(625,971)
Issue of share capital
707,528
-
707,528
Balance at 31 December 2023
1,007,528
(1,033,500)
(25,972)
Year ended 31 December 2024:
Loss and total comprehensive income
-
(76,928)
(76,928)
Balance at 31 December 2024
1,007,528
(1,110,428)
(102,900)
LAMINAM UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
3
1
Accounting policies
Company information

Laminam UK Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is shown on the company information page.

 

The principal place of business is the same as the registered office.

1.1
Accounting convention

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:

1.2
Going concern

The Company has made losses over the past two periods but truehas the support of the parent company, Laminam S.p.A. Therefore the Directors continue to prepare the financial statements on the going concern basis.

1.3
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 

Sale of goods

 

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

LAMINAM UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
4
1.4
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

 

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

 

Depreciation is provided on the following basis:

 

Computer equipment
10% per annum straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

1.6
Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

1.7
Retirement benefits

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

 

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

LAMINAM UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
5
1.8
Leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 

1.9
Foreign exchange

 

Functional and presentation currency

 

The Company's functional and presentational currency is GBP.

 

Transactions and balances

 

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2
Employees

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

2024
2023
Number
Number
Total
7
7
LAMINAM UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
11,180
Depreciation and impairment
At 1 January 2024
4,763
Depreciation charged in the year
2,321
At 31 December 2024
7,084
Carrying amount
At 31 December 2024
4,096
At 31 December 2023
6,417
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
259,363
78,019
Amounts owed by group undertakings
844,058
70,856
Other debtors
5,512
5,512
Prepayments and accrued income
58,471
56,695
1,167,404
211,082
LAMINAM UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
7
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
60,613
45,510
Amounts owed to group undertakings
1,224,838
679,780
Taxation and social security
40,395
26,662
Other creditors
63,540
30,678
Accruals and deferred income
43,806
33,295
1,433,192
815,925
6
Parent company
The parent company of the smallest group for which consolidated financial statements are drawn up is Laminam S.p.A., incorporated in Italy. The registered office is Via Ghiarola Nuova, 258-41042 Fiorano Modenese (MO), Italia.
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Chris Goodhead FCA
Statutory Auditor:
Knight Goodhead Limited
Date of audit report:
16 May 2025
LAMINAM UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8
8
Operating lease commitments
Lessee

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

2024
2023
£
£
82,728
99,750
In additon to the above commitments, one operating lease active during the year is currently under negotiation and the the total future commitment is uncertain. It is estimated this commitment will be approximately £85,000.
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