31 January 2024 false No description of principal activity Taxfiler 2024.6 true SC698645 business:PrivateLimitedCompanyLtd 2024-01-31 2025-01-30 SC698645 2024-01-30 SC698645 2024-01-31 2025-01-30 SC698645 business:AuditExempt-NoAccountantsReport 2024-01-31 2025-01-30 SC698645 business:FilletedAccounts 2024-01-31 2025-01-30 SC698645 2025-01-30 SC698645 business:Director1 2024-01-31 2025-01-30 SC698645 business:RegisteredOffice 2024-01-31 2025-01-30 SC698645 2024-01-30 SC698645 core:WithinOneYear 2025-01-30 SC698645 core:WithinOneYear 2024-01-30 SC698645 core:ShareCapital core:PreviouslyStatedAmount 2025-01-30 SC698645 core:ShareCapital core:PreviouslyStatedAmount 2024-01-30 SC698645 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-30 SC698645 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-30 SC698645 core:PreviouslyStatedAmount 2025-01-30 SC698645 core:PreviouslyStatedAmount 2024-01-30 SC698645 business:SmallEntities 2024-01-31 2025-01-30 SC698645 countries:Scotland 2024-01-31 2025-01-30 SC698645 core:ComputerEquipment 2024-01-31 2025-01-30 SC698645 core:IntangibleAssetsOtherThanGoodwill 2024-01-30 SC698645 core:IntangibleAssetsOtherThanGoodwill 2024-01-31 2025-01-30 SC698645 core:IntangibleAssetsOtherThanGoodwill 2025-01-30 SC698645 core:ComputerEquipment 2024-01-30 SC698645 core:ComputerEquipment 2025-01-30 SC698645 2023-02-01 2024-01-30 iso4217:GBP xbrli:pure
Company Registration No. SC698645 (Scotland)
Dr Laurent Bannock Limited Unaudited accounts for the year ended 30 January 2025
Dr Laurent Bannock Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Dr Laurent Bannock Limited Company Information for the year ended 30 January 2025
Director
L G Bannock
Company Number
SC698645 (Scotland)
Registered Office
38 Inverleith Row Edinburgh EH3 5PY
- 3 -
Dr Laurent Bannock Limited Statement of financial position as at 30 January 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
2,694
-
Tangible assets
5
481
496
3,175
496
Current assets
Debtors
6
8,056
13,115
Cash at bank and in hand
387
1,760
8,443
14,875
Creditors: amounts falling due within one year
7
(17,673)
(13,668)
Net current (liabilities)/assets
(9,230)
1,207
Net (liabilities)/assets
(6,055)
1,703
Capital and reserves
Called up share capital
1
1
Profit and loss account
(6,056)
1,702
Shareholders' funds
(6,055)
1,703
For the year ending 30 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 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 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 and authorised for issue on 23 July 2025 and were signed on its behalf by
L G Bannock Director Company Registration No. SC698645
- 4 -
Dr Laurent Bannock Limited Notes to the Accounts for the year ended 30 January 2025
1
Statutory information
Dr Laurent Bannock Limited is a private company, limited by shares, registered in Scotland, registration number SC698645. The registered office is 38 Inverleith Row, Edinburgh, EH3 5PY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Cash & cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable within penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible know amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
- 5 -
Dr Laurent Bannock Limited Notes to the Accounts for the year ended 30 January 2025
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Foreign exchange
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 31 January 2024
-
Additions
2,993
At 30 January 2025
2,993
Amortisation
At 31 January 2024
-
Charge for the year
299
At 30 January 2025
299
Net book value
At 30 January 2025
2,694
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 31 January 2024
614
Additions
280
At 30 January 2025
894
Depreciation
At 31 January 2024
118
Charge for the year
295
At 30 January 2025
413
Net book value
At 30 January 2025
481
At 30 January 2024
496
- 6 -
Dr Laurent Bannock Limited Notes to the Accounts for the year ended 30 January 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
8,056
8,056
Other debtors
-
5,059
8,056
13,115
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
13,804
13,488
Loans from directors
3,509
-
Accruals
360
180
17,673
13,668
8
Loans to directors
Net balance of funds introduced and withdrawn in the period, which has been repaid by 24 July 2024.
9
Transactions with related parties
The company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group. The company has also had expenses paid on its behalf by an associated company The IOPN Limited to the value of £13,536 of which £13,488 is still outstanding at the year end.
10
Controlling party
The ultimate parent company is Bannock Holdings Ltd (10904001). The registered office is 463-465 High Street, Lincoln, England, LN5 8JB.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 7 -