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REGISTERED NUMBER: 09104216 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Laybourne Engineering Ltd

Laybourne Engineering Ltd (Registered number: 09104216)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Laybourne Engineering Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: G Laybourne





REGISTERED OFFICE: 3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 09104216 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Laybourne Engineering Ltd (Registered number: 09104216)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 38,226 49,498

CURRENT ASSETS
Debtors 5 211,580 229,682
Cash at bank and in hand 61,051 49,863
272,631 279,545
CREDITORS
Amounts falling due within one year 6 232,092 264,343
NET CURRENT ASSETS 40,539 15,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,765

64,700

CREDITORS
Amounts falling due after more than
one year

7

36,239

53,507
NET ASSETS 42,526 11,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,426 11,093
SHAREHOLDERS' FUNDS 42,526 11,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Laybourne Engineering Ltd (Registered number: 09104216)

Balance Sheet - continued
30 June 2023


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 director and authorised for issue on 22 February 2024 and were signed by:





G Laybourne - Director


Laybourne Engineering Ltd (Registered number: 09104216)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Laybourne Engineering 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Laybourne Engineering Ltd (Registered number: 09104216)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 July 2022 49,963 589 89,481 4,076 144,109
Additions 685 - - 413 1,098
At 30 June 2023 50,648 589 89,481 4,489 145,207
DEPRECIATION
At 1 July 2022 32,414 299 60,215 1,683 94,611
Charge for year 4,559 73 7,317 421 12,370
At 30 June 2023 36,973 372 67,532 2,104 106,981
NET BOOK VALUE
At 30 June 2023 13,675 217 21,949 2,385 38,226
At 30 June 2022 17,549 290 29,266 2,393 49,498

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade debtors 201,428 202,286
Bad Debt Provision - (1,931 )
Other debtors - 3,164
Directors' loan accounts 1,882 22,632
Prepayments and accrued income 8,270 3,531
211,580 229,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Hire purchase contracts 7,267 6,874
Trade creditors 56,325 83,274
Tax 28,349 17,039
Social security and other taxes 3,192 3,150
VAT 49,623 35,658
Other creditors 75,824 106,810
Bank loans < 1 yr 10,000 10,000
Accruals and deferred income 1,512 1,538
232,092 264,343

Laybourne Engineering Ltd (Registered number: 09104216)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£ £
Bank loans > 1 yr 20,000 30,000
Other loan 8,515 8,515
Hire purchase contracts 7,724 14,992
36,239 53,507

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£ £
G Laybourne
Balance outstanding at start of year 22,632 35,735
Amounts advanced 5,981 22,897
Amounts repaid (26,731 ) (36,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,882 22,632

Laybourne Engineering Ltd

Report of the Accountants to the Director of
Laybourne Engineering Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


22 February 2024