IRIS Accounts Production v23.1.0.753 05305507 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053055072023-01-31053055072024-01-31053055072023-02-012024-01-31053055072022-01-31053055072022-02-012023-01-31053055072023-01-3105305507ns16:EnglandWales2023-02-012024-01-3105305507ns15:PoundSterling2023-02-012024-01-3105305507ns11:Director12023-02-012024-01-3105305507ns11:Director22023-02-012024-01-3105305507ns11:PrivateLimitedCompanyLtd2023-02-012024-01-3105305507ns11:SmallEntities2023-02-012024-01-3105305507ns11:AuditExempt-NoAccountantsReport2023-02-012024-01-3105305507ns11:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105305507ns11:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105305507ns11:FullAccounts2023-02-012024-01-3105305507ns11:RegisteredOffice2023-02-012024-01-3105305507ns6:CurrentFinancialInstruments2024-01-3105305507ns6:CurrentFinancialInstruments2023-01-3105305507ns6:ShareCapital2024-01-3105305507ns6:ShareCapital2023-01-3105305507ns6:RetainedEarningsAccumulatedLosses2024-01-3105305507ns6:RetainedEarningsAccumulatedLosses2023-01-3105305507ns6:PlantMachinery2023-02-012024-01-3105305507ns6:PlantMachinery2023-01-3105305507ns6:PlantMachinery2024-01-3105305507ns6:PlantMachinery2023-01-3105305507ns6:WithinOneYearns6:CurrentFinancialInstruments2024-01-3105305507ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: 05305507 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD

LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD (REGISTERED NUMBER: 05305507)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: S W Layne
J S Layne





REGISTERED OFFICE: 25 Ambleside Walk
North Anston
Sheffield
S25 4HS





REGISTERED NUMBER: 05305507 (England and Wales)





ACCOUNTANTS: Rhodes Clarke & Co Limited
Alison Business Centre
39-40 Alison Crescent
Sheffield
S2 1AS

LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD (REGISTERED NUMBER: 05305507)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,867 15,979

CURRENT ASSETS
Debtors 5 61,656 55,316
Cash at bank 36,862 12,361
98,518 67,677
CREDITORS
Amounts falling due within one year 6 41,615 29,346
NET CURRENT ASSETS 56,903 38,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,770

54,310

PROVISIONS FOR LIABILITIES 5,991 3,036
NET ASSETS 80,779 51,274

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 80,776 51,271
SHAREHOLDERS' FUNDS 80,779 51,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD (REGISTERED NUMBER: 05305507)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Board of Directors and authorised for issue on 2nd March 2024 and were signed on its behalf by:




S W Layne - Director



J S Layne - Director


LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD (REGISTERED NUMBER: 05305507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Layne Electrical and Mechanical Services 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.

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 etc - 25% on reducing balance and 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 5 (2023 - 4 ) .

LAYNE ELECTRICAL AND MECHANICAL SERVICES
LTD (REGISTERED NUMBER: 05305507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 34,806
Additions 30,590
Disposals (17,580 )
At 31st January 2024 47,816
DEPRECIATION
At 1st February 2023 18,827
Charge for year 9,806
Eliminated on disposal (10,684 )
At 31st January 2024 17,949
NET BOOK VALUE
At 31st January 2024 29,867
At 31st January 2023 15,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,451 53,111
Other debtors 2,205 2,205
61,656 55,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,813 4,016
Taxation and social security 32,439 22,112
Other creditors 3,363 3,218
41,615 29,346