Laurenglen Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02057666

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,874,660		1,683,981
Investments	5		2,001		2,001

			1,876,661		1,685,982
CURRENT ASSETS
Debtors	6	57,000		-
Cash at bank and in hand		4,781,220		4,315,221

		4,838,220		4,315,221
Creditors: Amounts Falling Due Within One Year	7	(2,878,534 )		(2,032,412 )

NET CURRENT ASSETS (LIABILITIES)			1,959,686		2,282,809

TOTAL ASSETS LESS CURRENT LIABILITIES			3,836,347		3,968,791

NET ASSETS			3,836,347		3,968,791

CAPITAL AND RESERVES
Called up share capital	8		5,000		5,000
Profit and Loss Account			3,831,347		3,963,791

SHAREHOLDERS' FUNDS			3,836,347		3,968,791

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Laurenglen Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kirpal Dosanjh

Director

25th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Laurenglen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02057666 . The registered office is 16 Binley Road, Coventry, West Midlands, CV3 1HZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	20% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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Laurenglen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	38,301	3,067,589	3,023,120	43,794
Additions	-	48,720	702,000	-
Disposals	-	(95,000 )	(74,446 )	-

As at 31 December 2024	38,301	3,021,309	3,650,674	43,794

Depreciation
As at 1 January 2024	23,489	2,190,025	2,231,562	43,747
Provided during the period	766	185,125	373,358	9
Disposals	-	(94,340 )	(74,323 )	-

As at 31 December 2024	24,255	2,280,810	2,530,597	43,756

Net Book Value
As at 31 December 2024	14,046	740,499	1,120,077	38

As at 1 January 2024	14,812	877,564	791,558	47


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	2,557	6,175,361
Additions	-	750,720
Disposals	-	(169,446 )

As at 31 December 2024	2,557	6,756,635

Depreciation
As at 1 January 2024	2,557	4,491,380
Provided during the period	-	559,258
Disposals	-	(168,663 )

As at 31 December 2024	2,557	4,881,975

Net Book Value
As at 31 December 2024	-	1,874,660

As at 1 January 2024	-	1,683,981

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Laurenglen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	2,001

As at 31 December 2024	2,001

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	2,001

As at 1 January 2024	2,001

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	57,000	-

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	83,683	3,376
Amounts owed to group undertakings	2,124,196	1,387,561
Other creditors	552,388	584,628
Taxation and social security	118,267	56,847

	2,878,534	2,032,412

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	5,000	5,000

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