Launchpad Assistive Technology Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08618744 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

LAUNCHPAD ASSISTIVE TECHNOLOGY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss S Peake

L C Rushworth

REGISTERED OFFICE:

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

REGISTERED NUMBER:

08618744 (England and Wales)

ACCOUNTANTS:

Cresswells

12 Market Street

Hebden Bridge

West Yorkshire

HX7 6AD

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

3,173

3,255

Investments

6

500

3,674

3,756

CURRENT ASSETS

Debtors

7

195,047

204,028

Cash at bank

158,768

251,752

353,815

455,780

CREDITORS

Amounts falling due within one year

8

8,570

13,442

NET CURRENT ASSETS

345,245

442,338

TOTAL ASSETS LESS CURRENT
LIABILITIES

348,919

446,094

CREDITORS

Amounts falling due after more than
one year

9

-

(4,935

)

PROVISIONS FOR LIABILITIES

(793

)

(814

)

NET ASSETS

348,126

440,345

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

348,116

440,335

SHAREHOLDERS' FUNDS

348,126

440,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2025 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 22nd July 2026 and were signed on its behalf by:

Miss S Peake - Director

L C Rushworth - Director

1.	STATUTORY INFORMATION

Launchpad Assistive Technology Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of 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.

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 2013, has been amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

-

over 3 years

Computer equipment

-

over 3 years

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st December 2024

and 30th November 2025

5,000

AMORTISATION

At 1st December 2024

and 30th November 2025

4,999

NET BOOK VALUE

At 30th November 2025

1

At 30th November 2024

1

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st December 2024

6,296

8,659

14,955

Additions

-

3,525

At 30th November 2025

6,296

12,184

18,480

DEPRECIATION

At 1st December 2024

5,180

6,520

11,700

Charge for year

848

2,759

3,607

At 30th November 2025

6,028

9,279

15,307

NET BOOK VALUE

At 30th November 2025

268

2,905

3,173

At 30th November 2024

1,116

2,139

3,255

6.	FIXED ASSET INVESTMENTS

Interest

in

Other

associate

investments

Totals

£

COST

At 1st December 2024

-

500

Reclassification/transfer

500

-

500

At 30th November 2025

500

1,000

PROVISIONS

Reclassification

-

500

At 30th November 2025

-

500

NET BOOK VALUE

At 30th November 2025

500

-

500

At 30th November 2024

-

500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

8,208

Directors' current accounts

176,166

164,919

Tax

14,515

29,577

VAT

3,790

1,015

Prepayments and accrued income

576

309

195,047

204,028

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loans

4,935

6,580

Trade creditors

-

539

Other creditors

1,389

3,777

Accrued expenses

2,246

2,546

8,570

13,442

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other loans - 1-2 years

-

4,935

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

5

Ordinary A

£1

5

Ordinary B

£1

5

10

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2025 and 30th November 2024:

2025

2024

£

Miss S Peake

Balance outstanding at start of year

142,331

133,187

Amounts advanced

208,219

109,556

Amounts repaid

(213,812

)

(100,412

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

136,738

142,331

L C Rushworth

Balance outstanding at start of year

22,588

41,479

Amounts advanced

216,940

81,209

Amounts repaid

(200,100

)

(100,100

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

39,428

22,588

The maximum balance outstanding on the loan during the year was S Peake £243,230, L Rushworth £147,070. Interest was charged on this loan of £3,986 and £2,046.