General Information
LaserKut Ltd is a private company, limited by shares, registered in England and Wales, registration number 15470114, registration address Solutions House, Unit 10 , Deepmore Close, Station Road, Four Ashes, Wolverhampton , WV10 7DB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20% Reducing Balance
|
| Fixtures and Fittings |
20% Reducing Balance
|
| Computer Equipment |
3 years Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees and directors
Average number of employees during the year was 5 (2025 : 4).
|
| 3. |
Intangible fixed assets
| Cost |
Trade Mark |
|
Total |
| |
£ |
|
£ |
| At 01 March 2025 |
670 |
|
670 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 28 February 2026 |
670 |
|
670 |
| Amortisation |
| At 01 March 2025 |
50 |
|
50 |
| Charge for year |
62 |
|
62 |
| On disposals |
- |
|
- |
| At 28 February 2026 |
112 |
|
112 |
| Net book values |
| At 28 February 2026 |
558 |
|
558 |
| At 28 February 2025 |
620 |
|
620 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 March 2025 |
225,184 |
|
5,039 |
|
1,659 |
|
231,882 |
| Additions |
1,702 |
|
150 |
|
778 |
|
2,630 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 28 February 2026 |
226,886 |
|
5,189 |
|
2,437 |
|
234,512 |
| Depreciation |
| At 01 March 2025 |
24,551 |
|
913 |
|
232 |
|
25,696 |
| Charge for year |
40,467 |
|
855 |
|
538 |
|
41,860 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 28 February 2026 |
65,018 |
|
1,768 |
|
770 |
|
67,556 |
| Net book values |
| Closing balance as at 28 February 2026 |
161,868 |
|
3,421 |
|
1,667 |
|
166,956 |
| Opening balance as at 01 March 2025 |
200,633 |
|
4,126 |
|
1,427 |
|
206,186 |
|
| 5. |
Stocks
|
2026
£ |
|
2025
£ |
| Stocks |
32,315 |
|
40,000 |
|
32,315 |
|
40,000 |
|
| 6. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
124,824 |
|
187,159 |
| Prepayments & Accrued Income |
41,138 |
|
28,025 |
| Other Debtors |
24,294 |
|
24,110 |
|
190,256 |
|
239,294 |
|
| 7. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
146,813 |
|
192,153 |
| PAYE & Social Security |
2,395 |
|
4,007 |
| Accrued Expenses |
9,849 |
|
4,684 |
| Pension Control |
312 |
|
253 |
| Intercompany Loan |
219,902 |
|
213,902 |
| Directors' Current Accounts |
22,992 |
|
24,309 |
| VAT |
6,005 |
|
11,999 |
|
408,268 |
|
451,307 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Other Loans |
220,000 |
|
200,000 |
|
220,000 |
|
200,000 |
Included within creditors due after one year is a loan of £220,000 from a third party. The loan does not have a fixed repayment term and is interest free. The loan is measured at the amount repayable, being the principal balance outstanding at the year end. No formal repayment schedule has been agreed.
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
3
|