REGISTERED NUMBER: 06132867 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Advanced Laminates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Kennedy

M C Peers

REGISTERED OFFICE:

Unit 2 Alpha Business Park

Deedmore Road

Coventry

CV2 1EQ

REGISTERED NUMBER:

06132867 (England and Wales)

ACCOUNTANTS:

Ramon Lee Ltd

93 Tabernacle Street

London

EC2A 4BA

Fixed assets

Intangible assets

3

34,200

-

Tangible assets

4

153,464

118,183

187,664

118,183

Current assets

Stocks

65,751

58,195

Debtors

5

148,352

193,296

Cash at bank

59,540

257,933

273,643

509,424

Creditors

Amounts falling due within one year

6

(196,351

)

(172,451

)

Net current assets

77,292

336,973

Total assets less current liabilities

264,956

455,156

Capital and reserves

Called up share capital

6,666

6,666

Share premium

4,500

4,500

Retained earnings

253,790

443,990

264,956

455,156

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 30 September 2025 and were signed on its behalf by:

A M Kennedy - Director

M C Peers - Director

1.	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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

TANGIBLE FIXED ASSETS

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

STOCKS

Stocks are valued at the lower of cost and net realisable value, 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.

DEFERRED TAX

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

36,000

At 31 December 2024

36,000

AMORTISATION

Charge for year

1,800

At 31 December 2024

1,800

NET BOOK VALUE

At 31 December 2024

34,200

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

159,495

Additions

45,355

Disposals

(517

)

At 31 December 2024

204,333

DEPRECIATION

At 1 January 2024

41,312

Charge for year

10,074

Eliminated on disposal

(517

)

At 31 December 2024

50,869

NET BOOK VALUE

At 31 December 2024

153,464

At 31 December 2023

118,183

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

110,105

180,604

Other debtors

38,247

12,692

148,352

193,296

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

94,673

78,043

Amounts owed to group undertakings

76,000

-

Taxation and social security

6,925

86,250

Other creditors

18,753

8,158

196,351

172,451

7.	RELATED PARTY DISCLOSURES

During the year, the company received loans of £40,000 each from Morar Holdings Ltd and Far Beach Holdings Ltd.

Morar Holdings Ltd and Far Beach Holdings Ltd are related parties by virtue of each holding a 50% share in the company.

The loans are unsecured, interest-free, and repayable on demand.The amount outstanding at the period-end was £38,000 to each party.

8.	ULTIMATE CONTROLLING PARTY

The company does not have an ultimate controlling party, as it is jointly owned by Far Beach Holdings Ltd and Morar Holdings Ltd, each holding 50% of the issued share capital.