Company Registration No. SC651094 (Scotland)
Laura Bond Limited
Unaudited accounts
for the year ended 31 January 2025
Laura Bond Limited
Unaudited accounts
Contents
Laura Bond Limited
Company Information
for the year ended 31 January 2025
Directors
Laura Hood
Douglas Bond
Company Number
SC651094 (Scotland)
Registered Office
5a South Charlotte Street
Edinburgh
Midlothian
EH2 4AN
Scotland
Accountants
Nicola Hancock CA
45 Gilberstoun Loan
Edinburgh
EH15 2RQ
Laura Bond Limited
Statement of financial position
as at 31 January 2025
Tangible assets
131,135
146,305
Inventories
179,773
147,207
Cash at bank and in hand
226,561
191,906
Creditors: amounts falling due within one year
(239,211)
(208,557)
Net current assets
242,335
238,915
Total assets less current liabilities
373,470
385,220
Creditors: amounts falling due after more than one year
(150,385)
(181,952)
Provisions for liabilities
Deferred tax
(30,658)
(25,755)
Net assets
192,427
177,513
Called up share capital
2
2
Profit and loss account
192,425
177,511
Shareholders' funds
192,427
177,513
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
Douglas Bond
Director
Company Registration No. SC651094
Laura Bond Limited
Notes to the Accounts
for the year ended 31 January 2025
Laura Bond Limited is a private company, limited by shares, registered in Scotland, registration number SC651094. The registered office is 5a South Charlotte Street, Edinburgh, Midlothian, EH2 4AN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates (with the exception of leasehold improvements, which have been depreciated over the 10 year life of the lease) in order to write off the assets over their estimated useful lives:
Turnover from the sale of goods is recognised when goods have been delivered to customers such
that risks and rewards of ownership have transferred to them. Transactions are settled by credit or payment card.
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Laura Bond Limited
Notes to the Accounts
for the year ended 31 January 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Exemptions from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small
company.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
147,352
16,665
164,017
Additions
4,509
2,273
6,782
At 31 January 2025
151,861
18,938
170,799
At 1 February 2024
8,177
9,535
17,712
Charge for the year
16,955
4,997
21,952
At 31 January 2025
25,132
14,532
39,664
At 31 January 2025
126,729
4,406
131,135
At 31 January 2024
139,175
7,130
146,305
Amounts falling due within one year
Trade debtors
16,840
7,344
Accrued income and prepayments
39,610
59,175
Other debtors
18,762
41,840
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,809
30,737
Trade creditors
23,792
37,450
Taxes and social security
54,112
11,967
Other creditors
26,989
16,994
Loans from directors
-
5,999
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
150,385
181,952
Laura Bond Limited
Notes to the Accounts
for the year ended 31 January 2025
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
35,000
35,000
Later than one year and not later than five years
140,000
140,000
Later than five years
105,000
175,000
As at 31 January 2025 the company owed the directors £0.00 (2023 : £22,739)
11
Transactions with related parties
During the year, total dividends of £105,112 were paid to the Directors (2024: £55,500)
12
Average number of employees
During the year the average number of employees was 16 (2024: 5).