Company Registration No. 4021637 (England and Wales)
LASER LINES (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019
LASER LINES (UK) LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5
LASER LINES (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2019
- 1 -
The directors present their annual report and financial statements for the year ended 31 July 2019. The company is dormant and has not traded during the year.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mrs S E Hall
Mr T W James
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption of the Companies Act 2006.
By order of the board
Mrs S E Hall
Secretary
24 April 2020
LASER LINES (UK) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LASER LINES (UK) LIMITED FOR THE YEAR ENDED 31 JULY 2019
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laser Lines (UK) Limited for the year ended 31 July 2019 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Laser Lines (UK) Limited, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of Laser Lines (UK) Limited
and state those matters that we have agreed to state to the Board of Directors of Laser Lines (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laser Lines (UK) Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Laser Lines (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and result
of Laser Lines (UK) Limited. You consider that Laser Lines (UK) Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Laser Lines (UK) Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ellacotts LLP
Chartered Accountants
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Date:
24 April 2020
LASER LINES (UK) LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2019
- 3 -
2019
2018
£
£
Profit before taxation
-
-
Tax on profit
-
-
Profit for the financial year
-
-
LASER LINES (UK) LIMITED
BALANCE SHEET
AS AT 31 JULY 2019
31 July 2019
- 4 -
2019
2018
Notes
£
£
£
£
Debtors
2
1
1
Net assets
1
1
Capital and reserves
Called up share capital
3
75,010
75,010
Share premium account
327,554
327,554
Profit and loss reserves
(402,563)
(402,563)
Total equity
1
1
For the financial year ended 31 July 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime
of the Companies Act 2006.
The financial statements were approved by the board of directors and authorised for issue on 24 April 2020 and are signed on its behalf by:
Mrs S E Hall
Director
Company Registration No. 4021637
LASER LINES (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2019
31 July 2019
- 5 -
1
Dormant status
The company was dormant (within the meaning of Section 480 of the Companies Act 2006) throughout the year ended 31 July 2019. The company has not traded during the year or during the preceding financial year. During these periods, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
2
Debtors
2019
2018
£
£
Amounts owed by group undertakings
1
1
3
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
10 Ordinary A shares of £1 each
10
10
75,000 Ordinary B shares of £1 each
75,000
75,000
75,010
75,010
4
Ultimate parent company
The company was a wholly owned subsidiary of Laser Lines Limited throughout the current and previous year.
In the opinion of the directors there is no ultimate controlling party.