Company Registration No. 09032553 (England and Wales)
Laser Schoolwear Ltd
Unaudited accounts
for the year ended 31 May 2020
Laser Schoolwear Ltd
Unaudited accounts
Contents
Laser Schoolwear Ltd
Company Information
for the year ended 31 May 2020
Directors
Asif Hussain
Usman Ahmed
Company Number
09032553 (England and Wales)
Registered Office
LASER SCHOOLWEAR
92-100 LONDON ROAD
LIVERPOOL
L3 5NL
Accountants
AMS Accountants SBU Ltd
Tadis House
455 Whalley New Road
Blackburn
Lancashire
BB1 9SP
Laser Schoolwear Ltd
Statement of financial position
as at
31 May 2020
Intangible assets
36,000
45,000
Tangible assets
22,369
18,762
Inventories
94,664
109,443
Cash at bank and in hand
5,145
6,307
Creditors: amounts falling due within one year
(136,474)
(144,559)
Net current liabilities
(36,665)
(28,809)
Called up share capital
1,000
1,000
Profit and loss account
20,704
33,953
Shareholders' funds
21,704
34,953
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2021 and were signed on its behalf by
Asif Hussain
Director
Company Registration No. 09032553
Laser Schoolwear Ltd
Notes to the Accounts
for the year ended 31 May 2020
Laser Schoolwear Ltd is a private company, limited by shares, registered in England and Wales, registration number 09032553. The registered office is LASER SCHOOLWEAR, 92-100 LONDON ROAD, LIVERPOOL, L3 5NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
9,000
Laser Schoolwear Ltd
Notes to the Accounts
for the year ended 31 May 2020
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
5,593
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
9,480
13,137
Taxes and social security
13,854
18,501
Other creditors
3,057
4,838
Loans from directors
110,083
108,083
7
Average number of employees
During the year the average number of employees was 0 (2019: 8).