Registered number
08476520
LAYBERRY LTD
Filleted Accounts
31 March 2023
LAYBERRY LTD
Registered number: 08476520
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,875 2,286
Current assets
Stocks 7,850 5,680
Debtors 4 15,000 32,000
Cash at bank and in hand 781 12,165
23,631 49,845
Creditors: amounts falling due within one year 5 (16,889) (19,845)
Net current assets 6,742 30,000
Total assets less current liabilities 8,617 32,286
Creditors: amounts falling due after more than one year 6 (26,337) (31,305)
Net (liabilities)/assets (17,720) 981
Capital and reserves
Called up share capital 100 100
Profit and loss account (17,820) 881
Shareholder's funds (17,720) 981
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit 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 and delivered 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.
Mr. Hakan Argun
Director
Approved by the board on 10 November 2023
LAYBERRY LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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 (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2022 3,061
At 31 March 2023 3,061
Depreciation
At 1 April 2022 775
Charge for the year 411
At 31 March 2023 1,186
Net book value
At 31 March 2023 1,875
At 31 March 2022 2,286
4 Debtors 2023 2022
£ £
Prepayments & other debtors 15,000 32,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 4,968 4,968
Other creditors 3,408 3,296
Corporation tax 3,387 4,829
Trade creditors 864 1,050
Social security costs 1 502
VAT 4,261 5,200
16,889 19,845
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 26,337 31,305
7 Other information
LAYBERRY LTD is a private company limited by shares and incorporated in England. Its registered office is:
147 Cranbrook Road
Ilford
Essex
IG1 4PU
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