Registered number
03514338
Lamifoil Ltd
Unaudited Filleted Accounts
31 March 2025
Lamifoil Ltd
Registered number: 03514338
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 35,282 47,696
Current assets
Stocks 173,808 165,260
Debtors 4 209,116 206,399
Cash at bank and in hand 48,167 67,852
431,091 439,511
Creditors: amounts falling due within one year 5 (296,936) (287,128)
Net current assets 134,155 152,383
Total assets less current liabilities 169,437 200,079
Creditors: amounts falling due after more than one year 6 (12,231) (64,102)
Net assets 157,206 135,977
Capital and reserves
Called up share capital 100 100
Profit and loss account 157,106 135,877
Shareholders' funds 157,206 135,977
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A D Wormald
Director
Approved by the board on 4 April 2025
Lamifoil Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 32,776 53,995 86,771
Additions 583 - 583
At 31 March 2025 33,359 53,995 87,354
Depreciation
At 1 April 2024 25,576 13,499 39,075
Charge for the year 2,873 10,124 12,997
At 31 March 2025 28,449 23,623 52,072
Net book value
At 31 March 2025 4,910 30,372 35,282
At 31 March 2024 7,200 40,496 47,696
4 Debtors 2025 2024
£ £
Trade debtors 206,984 204,276
Other debtors 2,132 2,123
209,116 206,399
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 169,923 168,479
Taxation and social security costs 82,270 72,881
Other creditors 44,743 45,768
296,936 287,128
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 12,231 64,102
7 Related party transactions
A D Wormald is a director of both Lamifoil Ltd and also Northern Vinyl Distribution Ltd (NVD). Management charge receivable from NVD Ltd was £196 (2024: £444) Amounts due from NVD were £nil (2024: £88). In addition there is a loan outstanding to NVD of £42084 (2024:£43084). Interest paid in the year was £2121 (2024:£1753)
8 Controlling party
The company is controlled by the director who own 60% of the called up share capital.
9 Other information
Lamifoil Ltd is a private company limited by shares and incorporated in England. Its registered office is:
48 Mallinson Oval
Harrogate
HG2 9HJ
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