Registration number: 02104060

Laserline Dies Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 13

Laserline Dies Limited

Company Information

Directors

Mr N Leath Mr J Adlam

Registered office

6 Northumberland Court Dukes Park Industrial Estate Chelmsford Essex CM2 6UW

Accountants

DJM Accountants & Consultancy Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ

Laserline Dies Limited

(Registration number: 02104060)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	1,187,770	1,153,787
Tangible assets	5	2,247,240	1,448,634
Investments	6	3,120	3,120
		3,438,130	2,605,541
Current assets
Stocks	7	143,730	133,540
Debtors	8	5,332,087	5,263,998
Cash at bank and in hand		3,342	2,165
		5,479,159	5,399,703
Creditors: Amounts falling due within one year	9	(5,123,850)	(3,868,161)
Net current assets		355,309	1,531,542
Total assets less current liabilities		3,793,439	4,137,083
Creditors: Amounts falling due after more than one year	9	(1,085,673)	(590,753)
Provisions for liabilities		(148,932)	(215,656)
Net assets		2,558,834	3,330,674
Capital and reserves
Called up share capital	10	1,650	1,650
Share premium reserve		18,500	18,500
Capital redemption reserve		350	350
Revaluation reserve		1,536,294	685,000
Retained earnings		1,002,040	2,625,174
Shareholders' funds		2,558,834	3,330,674

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 and 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.

Laserline Dies Limited

(Registration number: 02104060)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

Mr N Leath Director

Mr J Adlam Director

Laserline Dies Limited

Notes to the Unaudited 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.

The address of its registered office is:
6 Northumberland Court
Dukes Park Industrial Estate
Chelmsford
Essex
CM2 6UW
England

These financial statements were authorised for issue by the Board on 24 September 2025.

2	Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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 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.

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.

Laserline Dies Limited

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

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
Short leasehold	over the life of the lease
Long leasehold	over the life of the lease
Plant and machinery	25% on cost and 10% on cost
Fixtures and fittings	25% on cost and 10% on cost
Motor vehicles	33% on cost
Computer equipment	33% on cost and 25% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Development costs

Research and development expenditure is initially measured at cost. After
initial recognition, research and development expenditure is measured at cost less any accumulated amortisation
and any accumulated impairment losses.

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
Research and development	Amortised evenly over its estimated useful life of 5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Laserline Dies Limited

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

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

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 inventories 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Laserline Dies Limited

Notes to the Unaudited 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 46 (2023 - 64).

Laserline Dies Limited

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

4	Intangible assets

	Research & development  £	Total £
Cost or valuation
At 1 January 2024	1,304,669	1,304,669
Additions internally developed	166,859	166,859
At 31 December 2024	1,471,528	1,471,528
Amortisation
At 1 January 2024	150,882	150,882
Amortisation charge	132,876	132,876
At 31 December 2024	283,758	283,758
Carrying amount
At 31 December 2024	1,187,770	1,187,770
At 31 December 2023	1,153,787	1,153,787

5	Tangible assets

	Land and buildings £	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 January 2024	685,000	64,656	117,237	3,721,058
Revaluations	615,000	-	-	236,294
Additions	-	-	-	60,717
At 31 December 2024	1,300,000	64,656	117,237	4,018,069
Depreciation
At 1 January 2024	-	64,656	101,817	3,032,893
Charge for the year	-	-	5,213	135,176
At 31 December 2024	-	64,656	107,030	3,168,069
Carrying amount
At 31 December 2024	1,300,000	-	10,207	850,000
At 31 December 2023	685,000	-	15,420	688,165

Laserline Dies Limited

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

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	99,545	78,537	4,766,033
Revaluations	-	-	851,294
Additions	11,929	43,485	116,131
At 31 December 2024	111,474	122,022	5,733,458
Depreciation
At 1 January 2024	66,881	51,153	3,317,400
Charge for the year	17,098	11,331	168,818
At 31 December 2024	83,979	62,484	3,486,218
Carrying amount
At 31 December 2024	27,495	59,538	2,247,240
At 31 December 2023	32,665	27,384	1,448,634

Included within the net book value of land and buildings above is £1,300,000 (2023 - £685,000) in respect of freehold land and buildings and £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

6	Investments

	2024 £	2023 £
Investments in subsidiaries	3,120	3,120