IRIS Accounts Production v25.2.0.378 09306048 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A shares 1.00000 Ordinary B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093060482023-12-31093060482024-12-31093060482024-01-012024-12-31093060482022-12-31093060482023-01-012023-12-31093060482023-12-3109306048ns15:EnglandWales2024-01-012024-12-3109306048ns14:PoundSterling2024-01-012024-12-3109306048ns10:Director12024-01-012024-12-3109306048ns10:Director22024-01-012024-12-3109306048ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109306048ns10:SmallEntities2024-01-012024-12-3109306048ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109306048ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109306048ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109306048ns10:AbridgedAccounts2024-01-012024-12-3109306048ns10:OrdinaryShareClass12024-01-012024-12-3109306048ns10:OrdinaryShareClass22024-01-012024-12-3109306048ns10:RegisteredOffice2024-01-012024-12-3109306048ns5:CurrentFinancialInstruments2024-12-3109306048ns5:CurrentFinancialInstruments2023-12-3109306048ns5:Non-currentFinancialInstruments2024-12-3109306048ns5:Non-currentFinancialInstruments2023-12-3109306048ns5:ShareCapital2024-12-3109306048ns5:ShareCapital2023-12-3109306048ns5:RetainedEarningsAccumulatedLosses2024-12-3109306048ns5:RetainedEarningsAccumulatedLosses2023-12-3109306048ns5:FurnitureFittings2024-01-012024-12-3109306048ns5:MotorVehicles2024-01-012024-12-3109306048ns5:ComputerEquipment2024-01-012024-12-3109306048ns5:WithinOneYear2024-12-3109306048ns5:WithinOneYear2023-12-3109306048ns5:BetweenOneFiveYears2024-12-3109306048ns5:BetweenOneFiveYears2023-12-3109306048ns5:AllPeriods2024-12-3109306048ns5:AllPeriods2023-12-3109306048ns5:DeferredTaxation2023-12-3109306048ns5:DeferredTaxation2024-12-3109306048ns10:OrdinaryShareClass12024-12-3109306048ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: 09306048 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Laurel Developments & Consulting Limited

Laurel Developments & Consulting Limited (Registered number: 09306048)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Laurel Developments & Consulting Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S N McEwan
Miss L Procter





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 09306048 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Laurel Developments & Consulting Limited (Registered number: 09306048)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,201 17,435
Investments 5 1,410,201 1,410,201
1,423,402 1,427,636

CURRENT ASSETS
Debtors 1,314,408 1,235,040
Cash at bank 699,990 655,763
2,014,398 1,890,803
CREDITORS
Amounts falling due within one year 2,480,733 2,577,003
NET CURRENT LIABILITIES (466,335 ) (686,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

957,067

741,436

CREDITORS
Amounts falling due after more than one
year

(4,124

)

(14,249

)

PROVISIONS FOR LIABILITIES 7 (3,300 ) (4,359 )
NET ASSETS 949,643 722,828

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 949,623 722,808
SHAREHOLDERS' FUNDS 949,643 722,828

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

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

Laurel Developments & Consulting Limited (Registered number: 09306048)

Abridged Balance Sheet - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 May 2025 and were signed on its behalf by:




Mr S N McEwan - Director



Miss L Procter - Director


Laurel Developments & Consulting Limited (Registered number: 09306048)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Laurel Developments & Consulting 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.

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.

As at 31st December 2024, the company's balance sheet reflected net current liabilities amounting to £466,335 (2023 £686,200). However, included within creditors falling due within one year are amounts owed to the directors amounting to £962,667 (2023 £1,031,781). The directors have confirmed that they will not request repayment until such time as the company has sufficient funds available to settle creditors. Accordingly, the directors consider the going concern basis of preparation to be appropriate.

Preparation of consolidated financial statements
The financial statements contain information about Laurel Developments & Consulting Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investment in subsidiaries are accounted for at their cost less any impairment provision.

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.


Laurel Developments & Consulting Limited (Registered number: 09306048)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction
costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Laurel Developments & Consulting Limited (Registered number: 09306048)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 47,010
DEPRECIATION
At 1 January 2024 29,575
Charge for year 4,234
At 31 December 2024 33,809
NET BOOK VALUE
At 31 December 2024 13,201
At 31 December 2023 17,435

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024
and 31 December 2024 1,410,201
NET BOOK VALUE
At 31 December 2024 1,410,201
At 31 December 2023 1,410,201

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 19,526 19,526
Between one and five years 3,254 22,780
22,780 42,306

7. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 3,300 4,359

Laurel Developments & Consulting Limited (Registered number: 09306048)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 4,359
Accelerated capital allowances (1,059 )
Balance at 31 December 2024 3,300

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10 Ordinary A shares £1 10 10
10 Ordinary B shares £1 10 10
20 20