Registration number: 07872924

Grail Laser Profiles Ltd

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 9

Grail Laser Profiles Ltd

(Registration number: 07872924)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	3,742	4,318
Tangible assets	5	477,021	561,317
		480,763	565,635
Current assets
Stocks	6	60,489	68,867
Debtors	7	153,955	191,822
Cash at bank and in hand		63,926	62,887
		278,370	323,576
Creditors: Amounts falling due within one year	8	(403,533)	(366,864)
Net current liabilities		(125,163)	(43,288)
Total assets less current liabilities		355,600	522,347
Creditors: Amounts falling due after more than one year	8	(277,458)	(375,557)
Provisions for liabilities		12,129	(5,183)
Net assets		90,271	141,607
Capital and reserves
Called up share capital		1	1
Retained earnings		90,270	141,606
Shareholders' funds		90,271	141,607

Grail Laser Profiles Ltd

(Registration number: 07872924)
Balance Sheet as at 31 December 2024

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

Miss B H Grail Director

Grail Laser Profiles Ltd

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

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Newtown Road
Steam Mills
Cinderford
Gloucestershire
GL14 3JE
 

These financial statements were authorised for issue by the Board on 29 August 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have reviewed the capital resources available to the company and are satisfied that it will be able to pay its debts as they fall due for the foreseeable future and accordingly have prepared the accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of engineering services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Grail Laser Profiles Ltd

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer Software	Straight line over 10 years

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line & 33% reducing balance
Long leasehold land & buildings	10% straight line
Fixtures, fittings and equipment	15% reducing balance
Plant and machinery	15% - 20% reducing balance & 10% straight line
Motor vehicles	25% reducing balance

Grail Laser Profiles Ltd

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Grail Laser Profiles Ltd

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

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 12 (2023 - 10).

Grail Laser Profiles Ltd

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

4	Intangible assets

	Software costs  £	Total £
Cost or valuation
At 1 January 2024	8,122	8,122
At 31 December 2024	8,122	8,122
Amortisation
At 1 January 2024	3,804	3,804
Amortisation charge	576	576
At 31 December 2024	4,380	4,380
Carrying amount
At 31 December 2024	3,742	3,742
At 31 December 2023	4,318	4,318

Grail Laser Profiles Ltd

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

5	Tangible assets

	Computer equipment £	Long leasehold land and buildings £	Fixtures, fittings and equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	25,782	2,200	1,863	661,298	18,233	709,376
Additions	100	-	-	108	-	208
At 31 December 2024	25,882	2,200	1,863	661,406	18,233	709,584
Depreciation
At 1 January 2024	24,387	312	537	107,333	15,490	148,059
Charge for the year	493	220	199	82,906	686	84,504
At 31 December 2024	24,880	532	736	190,239	16,176	232,563
Carrying amount
At 31 December 2024	1,002	1,668	1,127	471,167	2,057	477,021
At 31 December 2023	1,395	1,888	1,326	553,965	2,743	561,317

Tangible fixed assets with a carrying amount of £448,590 (2023 - £527,753) have been pledged as a security for hire purchase agreements.

6

Stocks

	2024 £	2023 £
Work in progress	11,552	1,457
Stock	48,937	67,410
	60,489	68,867

Grail Laser Profiles Ltd

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

7

Debtors

	2024 £	2023 £
Trade debtors	147,067	185,103
Prepayments	6,888	6,719
	153,955	191,822

8

Creditors