Company Registration No. 06856805 (England and Wales)
J Layzell & Sons Limited
Unaudited accounts
for the year ended 31 December 2023
J Layzell & Sons Limited
Statement of financial position
as at 31 December 2023
Tangible assets
45,918
60,033
Inventories
407,500
141,643
Cash at bank and in hand
(67,379)
262
Creditors: amounts falling due within one year
(410,429)
(203,406)
Net current liabilities
(57,074)
(48,267)
Total assets less current liabilities
(11,156)
11,766
Provisions for liabilities
Deferred tax
(8,725)
(11,406)
Net (liabilities)/assets
(19,881)
360
Called up share capital
200
200
Profit and loss account
(20,081)
160
Shareholders' funds
(19,881)
360
For the year ending 31 December 2023 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 11 April 2024 and were signed on its behalf by
Edward Layzell
Director
Company Registration No. 06856805
J Layzell & Sons Limited
Notes to the Accounts
for the year ended 31 December 2023
J Layzell & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 06856805. The registered office is The Yard, Pound Road, Horton, Ilminster, Somerset, TA19 9QU.
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:
Land & buildings
2.5% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
6,401
61,665
67,481
20,563
156,110
At 31 December 2023
6,401
61,665
67,481
20,563
156,110
At 1 January 2023
800
34,084
47,464
13,729
96,077
Charge for the year
160
6,896
5,005
2,054
14,115
At 31 December 2023
960
40,980
52,469
15,783
110,192
At 31 December 2023
5,441
20,685
15,012
4,780
45,918
At 31 December 2022
5,601
27,581
20,017
6,834
60,033
Amounts falling due within one year
Other debtors
13,234
13,234
J Layzell & Sons Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
86,491
35,031
Trade creditors
55,351
11,664
Taxes and social security
20,715
(11,341)
Other creditors
117,800
119,109
Loans from directors
129,072
47,943
7
Average number of employees
During the year the average number of employees was 13 (2022: 13).