LaserGrafix Sales Limited - Filleted accounts

LaserGrafix Sales Limited
Registered number:		03630734
Balance Sheet
at 30 June 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		93,472			126,071

Current assets
Debtors	4	24,811			33,282
Cash at bank and in hand		123,450			107,806
		148,261			141,088

Creditors: amounts falling due within one year	5	(102,406)			(111,034)

Net current assets			45,855			30,054

Net assets			139,327			156,125

Capital and reserves
Called up share capital			1			1
Profit and loss account			139,326			156,124

Shareholder's funds			139,327			156,125

For the year ended 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Tobias Peter MacKnight
Director
Approved by the board on 5 August 2026

LaserGrafix Sales Limited
Notes to the Financial Statements
for the year ended 30 June 2026


1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods which is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the reducing balance method.

	Plant and machinery	20% per year
	Motor vehicles	20% per year

	Stocks
	Stocks are valued at the lower of cost and estimated net realisable value. Work in progress and finished goods comprises materials, direct labour and attributable production overheads. Net realisable value is based on the estimated sales price after allowing for all further costs of completion and disposal. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Creditors
	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

	Taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. Deferred tax assets and deferred tax liabilities are offset only if the company has a legally enforceable right to set off current tax assets against current tax liabilities, and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Employee benefits
	Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred. The company operates stakeholder defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		1


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2025	1,068,695		53,789		1,122,484
	Additions	46,772		-		46,772
	At 30 June 2026	1,115,467		53,789		1,169,256

	Depreciation
	At 1 July 2025	963,579		32,834		996,413
	Charge for the year	70,812		8,559		79,371
	At 30 June 2026	1,034,391		41,393		1,075,784

	Net book value
	At 30 June 2026	81,076		12,396		93,472
	At 30 June 2025	105,116		20,955		126,071


4	Debtors			2026		2025
£					£

	Trade debtors			18,446		26,315
	Other debtors			13		13
	Prepayments and accrued income			6,352		6,954
				24,811		33,282


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			608		2,133
	Corporation tax			444		-
	Taxation and social security costs			12,794		14,507
	Other creditors			85,325		91,239
	Accruals and deferred income			3,235		3,155
				102,406		111,034


6	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			14,250		28,500


7	Controlling party
	A Hopkins



8	Other information

	LaserGrafix Sales Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4a
	Stratton Park
	Biggleswade
	Bedfordshire
	SG18 8QS