REGISTERED NUMBER: 08099610 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Laserware Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

C Rivett-Carnac

Ms A T Rivett-Carnac

SECRETARY:

REGISTERED OFFICE:

Reflections House

26 Oakfield Road

Clifton

Bristol

BS8 2AT

REGISTERED NUMBER:

08099610 (England and Wales)

ACCOUNTANTS:

KW Steward Limited

Chartered Accountants

5 Oakfield Glade

Weybridge

Surrey

KT13 9DP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,610

1,071

1,610

1,071

CURRENT ASSETS

Stocks

546,227

371,107

Debtors

6

142,342

80,008

Cash at bank

120,645

190,909

809,214

642,024

CREDITORS

Amounts falling due within one year

7

359,923

309,745

NET CURRENT ASSETS

449,291

332,279

TOTAL ASSETS LESS CURRENT LIABILITIES

450,901

333,350

PROVISIONS FOR LIABILITIES

14,178

14,017

NET ASSETS

436,723

319,333

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

436,623

319,233

SHAREHOLDERS' FUNDS

436,723

319,333

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

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

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

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 9th September 2025 and were signed on its behalf by:

C Rivett-Carnac - Director

1.	STATUTORY INFORMATION

Laserware Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

2,000

AMORTISATION

At 1st January 2024

and 31st December 2024

2,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

14,032

Additions

1,773

At 31st December 2024

15,805

DEPRECIATION

At 1st January 2024

12,961

Charge for year

1,234

At 31st December 2024

14,195

NET BOOK VALUE

At 31st December 2024

1,610

At 31st December 2023

1,071

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

95,152

26,131

Amounts owed by group undertakings

-

26,639

Other debtors

47,190

27,238

142,342

80,008

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

94,838

157,997

Trade creditors

130,036

37,481

Amounts owed to group undertakings

57,500

-

Taxation and social security

77,016

77,411

Other creditors

533

36,856

359,923

309,745

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laserware Ltd for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Laserware Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Laserware Ltd and state those matters that we have agreed to state to the Board of Directors of Laserware Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laserware Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Laserware Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Laserware Ltd. You consider that Laserware Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Laserware Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

KW Steward Limited

Chartered Accountants

5 Oakfield Glade

Weybridge

Surrey

KT13 9DP

Date: .............................................