APPLIED FELTS LIMITED

1. APPLIED FELTS LIMITED 1990-12-17 → present
2. HEMSTONES LIMITED 1990-11-01 → 1990-12-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the Company's financial position and confirm that adequate resources are available to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. The Company has no trading activities and is supported by its parent company Braveshire Limited, from which it can obtain financial support if required. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. APPLIED FELTS LIMITED · parent
   1. Laserline Systems Limited 100% · England and Wales
   2. Applied Felts (India) Private Limited 100% · India
   3. U.S.S India Limited 100% · India
   4. R.S. Technik Holding A.G. 75% · Switzerland
   5. R.S. Technic A.G. 75% · Switzerland

Significant events

• “Losses are attributable to realised foreign exchange on the final ESCROW payment following the sale of Applied Felts Inc in the last financial year. Net assets have decreased from £1,580,000 to zero in the year this is due to the final ESCROW payment being received from the sale of Applied Felts Inc and then being distributed as a dividend.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -6.1%

  -£98,000 → -£104,000

• Profit before tax

  -100.1%

  £118,068,000 → -£96,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers