Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01572091 2024-01-01 2024-12-31 01572091 2023-01-01 2023-12-31 01572091 2024-12-31 01572091 2023-12-31 01572091 c:CompanySecretary1 2024-01-01 2024-12-31 01572091 c:Director1 2024-01-01 2024-12-31 01572091 c:Director2 2024-01-01 2024-12-31 01572091 c:RegisteredOffice 2024-01-01 2024-12-31 01572091 d:PlantMachinery 2024-01-01 2024-12-31 01572091 d:PlantMachinery 2024-12-31 01572091 d:PlantMachinery 2023-12-31 01572091 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01572091 d:FurnitureFittings 2024-01-01 2024-12-31 01572091 d:ComputerEquipment 2024-01-01 2024-12-31 01572091 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01572091 d:CurrentFinancialInstruments 2024-12-31 01572091 d:CurrentFinancialInstruments 2023-12-31 01572091 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01572091 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01572091 d:ShareCapital 2024-12-31 01572091 d:ShareCapital 2023-12-31 01572091 d:CapitalRedemptionReserve 2024-12-31 01572091 d:CapitalRedemptionReserve 2023-12-31 01572091 d:RetainedEarningsAccumulatedLosses 2024-12-31 01572091 d:RetainedEarningsAccumulatedLosses 2023-12-31 01572091 c:FRS102 2024-01-01 2024-12-31 01572091 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01572091 c:FullAccounts 2024-01-01 2024-12-31 01572091 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01572091 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 01572091







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


LAZERBUILT LIMITED






































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LAZERBUILT LIMITED
 


 
COMPANY INFORMATION


Directors
D J Madden 
L Pyne-Madden 




Company secretary
D J Madden



Registered number
01572091



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


LAZERBUILT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


LAZERBUILT LIMITED
REGISTERED NUMBER:01572091



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
45,864
53,352

  
45,864
53,352

Current assets
  

Stocks
  
170,702
175,471

Debtors
 5 
237,840
169,801

Cash at bank and in hand
  
169,881
76,350

  
578,423
421,622

Creditors: amounts falling due within one year
  
(286,617)
(186,682)

Net current assets
  
 
 
291,806
 
 
234,940

Total assets less current liabilities
  
337,670
288,292

  

Net assets
  
337,670
288,292


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Capital redemption reserve
  
5,000
5,000

Profit and loss account
  
327,670
278,292

  
337,670
288,292


Page 1

 


LAZERBUILT LIMITED
REGISTERED NUMBER:01572091


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D J Madden
Director

Date: 27 August 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


LAZERBUILT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Lazerbuilt 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 


LAZERBUILT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

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:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

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.

 
2.5

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 and reducing balance methods.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Computer equipment
-
20%
reducing balance
Property improvements
-
10%
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.

Page 4

 


LAZERBUILT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
80,600


Additions
997



At 31 December 2024

81,597



Depreciation


At 1 January 2024
27,248


Charge for the year
8,485



At 31 December 2024

35,733



Net book value



At 31 December 2024
45,864



At 31 December 2023
53,352

Page 5

 


LAZERBUILT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£



Trade debtors
163,967
162,329

Amounts owed by connected undertaking
30,709
3,904

Other debtors
42,513
3,215

Prepayments and accrued income
651
353

237,840
169,801



6.


Security

Security has been provided to the company bankers by way of a fixed and floating charge over all assets of the company.


7.


Related party transactions

At the balance sheet date the company owed £170,965 (2023: £128,000) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.
At the balance sheet date a connected company owed £30,109 (2023: £3,304) to the company. The balance can be found within debtors. The balance is being repaid after the year end.

 
Page 6