REGISTERED NUMBER: 05445620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LPE GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C D Sharkey

Miss C Harris

Mr D Bell

REGISTERED OFFICE:

Units A & B

Mill Lane Industrial Park

Beverley

HU17 9DH

REGISTERED NUMBER:

05445620 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

332,306

263,878

CURRENT ASSETS

Stocks

45,058

54,893

Debtors

5

378,107

269,782

Cash at bank

110,264

171,291

533,429

495,966

CREDITORS

Amounts falling due within one year

6

250,430

198,827

NET CURRENT ASSETS

282,999

297,139

TOTAL ASSETS LESS CURRENT LIABILITIES

615,305

561,017

CREDITORS

Amounts falling due after more than one year

7

(177,170

)

(129,270

)

PROVISIONS FOR LIABILITIES

(16,319

)

(13,899

)

NET ASSETS

421,816

417,848

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

421,716

417,748

SHAREHOLDERS' FUNDS

421,816

417,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 25 September 2025 and were signed on its behalf by:

Miss C Harris - Director

Mr C D Sharkey - Director

1.	STATUTORY INFORMATION

Laser Products Europe Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at Units A & B, Mill Lane Industrial Park, Beverley, England, HU17 9DH

The principal activity of the company is that of an agent involved in the sale of machinery.

The presentation currency if the financial statements is the Pound Sterling (£),

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on a reducing balance basis and 20% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

2,359

380,420

382,779

Additions

-

158,775

158,775

Disposals

-

(39,689

)

(39,689

)

At 31 December 2024

2,359

499,506

501,865

DEPRECIATION

At 1 January 2024

-

118,901

118,901

Charge for year

-

74,681

74,681

Eliminated on disposal

-

(24,023

)

(24,023

)

At 31 December 2024

-

169,559

169,559

NET BOOK VALUE

At 31 December 2024

2,359

329,947

332,306

At 31 December 2023

2,359

261,519

263,878

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

251,543

Additions

118,670

Disposals

(27,372

)

At 31 December 2024

342,841

DEPRECIATION

At 1 January 2024

62,866

Charge for year

58,009

Eliminated on disposal

(13,261

)

At 31 December 2024

107,614

NET BOOK VALUE

At 31 December 2024

235,227

At 31 December 2023

188,677

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

88,371

10,371

Amounts owed by associates

279,564

228,571

Other debtors

10,172

30,840

378,107

269,782

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

55,000

-

Hire purchase contracts (see note 8)

32,156

27,455

Trade creditors

20,443

27,456

Amounts owed to group undertakings

17,195

22,886

Amounts owed to associates

-

1,890

Taxation and social security

24,260

10,689

Other creditors

101,376

108,451

250,430

198,827

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

177,170

129,270

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

32,156

27,455

Between one and five years

177,170

129,270

209,326

156,725

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

2,184

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

209,326

156,725

The hire purchase contracts are secured on the assets they are financing.

10.	RELATED PARTY DISCLOSURES

During the year the company paid management charges to its parent company LPE Group Limited amounting to £54,000 (2023: £52,350).

At the balance sheet date the company was owed by associated companies Omni Cubed Europe Ltd £9,262 (2023: £220), Stone Industry Group Ltd £4,163 (2023: £4,163), Shark eBikes Ltd £209,057 (2023: £222,551) and Two Hoots Eco Glamping Ltd is NIL (2023: £1,637).

At the balance sheet date the company was owed by a related company Leading Production Equipment Limited £57,082 (2023: £1,890 owed to).

At the balance sheet date the company owed to its parent company LPE Group Holdings Limited £17,195 (2023: £22,885).

11.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is LPE Group Holdings Limited (company number 12221315). Their registered office is at Top Site, Crosse Hall Street, Chorley, Lancashire, United Kingdom, PR6 0UH. The parent company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.