Registration number: 06308992

Laser Lipo Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Laser Lipo Limited

Company Information

Directors

Sheikh F N Alfaisal F Elias R F Khodari

Registered office

Heath House Crockham Hill Edenbridge Kent TN8 6ST

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Laser Lipo Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	4,346	5,795
Current assets
Stocks	5	59,808	60,139
Debtors	6	10,157	14,423
Cash at bank and in hand		95	1,507
		70,060	76,069
Creditors: Amounts falling due within one year	7	(1,260,934)	(1,669,156)
Net current liabilities		(1,190,874)	(1,593,087)
Total assets less current liabilities		(1,186,528)	(1,587,292)
Creditors: Amounts falling due after more than one year	7	(29,066)	(36,928)
Net liabilities		(1,215,594)	(1,624,220)
Capital and reserves
Called up share capital		100	100
Share premium reserve		149,990	149,990
Retained earnings		(1,365,684)	(1,774,310)
Shareholders' deficit		(1,215,594)	(1,624,220)

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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Laser Lipo Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Laser Lipo Limited

Statement of Financial Position as at 31 December 2024

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

.........................................

F Elias

Director

Company registration number: 06308992

Laser Lipo 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 and Wales.

The address of its registered office is:
Heath House
Crockham Hill
Edenbridge
Kent
TN8 6ST

The principal activity of the company is that of the production and sale of liposuction equipment.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company had a deficiency of net assets amounting to £1,196,293 at 31 December 2024. At this date an amount of £1,128,566 was due to the parent undertaking who has confirmed that they will continue to support the company and not call for repayment until such time as the company has sufficient working capital.

The directors have considered the ongoing impact of the international economic difficulties, particularly the new USA tariffs that have negatively impacted the company’s machine sales to the USA. Accordingly, Laser Lipo has been putting plans and strategies in place to target new international markets including Southeast Asia, Australia and the Middle East. For this to be successful, the company plans to get Medical ISO (ISO 13485) certification as well as updating the machines in line with European safety requirements. This work is due to be conducted and finalised in 2026.

The parent undertaking has confirmed it will provide further working capital whilst this work is completed.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Laser Lipo Limited

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

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 from product sales at the point of despatch to customers and from maintenance or repair once the work has been completed.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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
Furniture, fittings and equipment	25% reducing balance

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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.

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.

Laser Lipo Limited

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

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 income statement 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.

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.

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 during the year, was 0 (2023 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	45,939	45,939
At 31 December 2024	45,939	45,939
Depreciation
At 1 January 2024	40,144	40,144
Charge for the year	1,449	1,449
At 31 December 2024	41,593	41,593
Carrying amount
At 31 December 2024	4,346	4,346
At 31 December 2023	5,795	5,795

Laser Lipo Limited

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

5

Stocks

	2024 £	2023 £
Stock	59,808	60,139

6

Debtors

	2024 £	2023 £
Trade debtors	5,699	5,699
Other debtors	4,458	8,724
	10,157	14,423

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Bank loans	10,018	1,043
Trade creditors	17,917	99,024
Amounts owed to group undertakings	1,128,666	1,056,552
Taxation and social security	9,420	7,485
Other creditors	94,913	505,052
	1,260,934	1,669,156

The amount due to group undertakings is secured by a fixed and floating charge over the intellectual property, trademarks and other assets and undertakings of the company.

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Bank loans	29,066	36,928

8	Financial commitments, guarantees and contingencies

The total of future minimum lease payments in respect of operating leases not reflected in the statement of financial position amounts to £6,000 (2023 - £Nil).