1 November 2022 false No description of principal activity Taxfiler 2024.4 true 11623730business:PrivateLimitedCompanyLtd2022-11-012023-10-31 116237302022-10-31 116237302022-11-012023-10-31 11623730business:AuditExemptWithAccountantsReport2022-11-012023-10-31 11623730business:FilletedAccounts2022-11-012023-10-31 116237302023-10-31 11623730business:Director12022-11-012023-10-31 11623730business:RegisteredOffice2022-11-012023-10-31 116237302022-10-31 11623730core:WithinOneYear2023-10-31 11623730core:WithinOneYear2022-10-31 11623730core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11623730core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 11623730core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11623730core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11623730core:PreviouslyStatedAmount2023-10-31 11623730core:PreviouslyStatedAmount2022-10-31 11623730business:SmallEntities2022-11-012023-10-31 11623730countries:EnglandWales2022-11-012023-10-31 11623730core:FurnitureFittings2022-11-012023-10-31 11623730core:ComputerEquipment2022-11-012023-10-31 11623730core:FurnitureFittings2022-10-31 11623730core:ComputerEquipment2022-10-31 11623730core:FurnitureFittings2023-10-31 11623730core:ComputerEquipment2023-10-31 116237302021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11623730 (England and Wales)
LAYERS LOGIC IT LIMITED Unaudited accounts for the year ended 31 October 2023
LAYERS LOGIC IT LIMITED Unaudited accounts Contents
Page
- 2 -
LAYERS LOGIC IT LIMITED Company Information for the year ended 31 October 2023
Director
Akmal Nawaz Syed
Company Number
11623730 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU United Kingdom
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
- 3 -
LAYERS LOGIC IT LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,665 
952 
Current assets
Debtors
484,371 
557,942 
Cash at bank and in hand
19,104 
19,226 
503,475 
577,168 
Creditors: amounts falling due within one year
(518,984)
(573,315)
Net current (liabilities)/assets
(15,509)
3,853 
Net assets
156 
4,805 
Capital and reserves
Called up share capital
17,718 
17,718 
Profit and loss account
(17,562)
(12,913)
Shareholders' funds
156 
4,805 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Akmal Nawaz Syed Director Company Registration No. 11623730
- 4 -
LAYERS LOGIC IT LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
LAYERS LOGIC IT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11623730. The registered office is 20-22 Wenlock Road, London, N1 7GU, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20% Reducing Balance Method
Computer equipment
Straight Line over 3 years
Going concern
The director has reasonable expectations that the company has adequate resources to continue in operational existence for a foreseeable future.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
3,333 
3,333 
Additions
20,887 
- 
20,887 
At 31 October 2023
20,887 
3,333 
24,220 
Depreciation
At 1 November 2022
- 
2,381 
2,381 
Charge for the year
5,222 
952 
6,174 
At 31 October 2023
5,222 
3,333 
8,555 
Net book value
At 31 October 2023
15,665 
- 
15,665 
At 31 October 2022
- 
952 
952 
- 5 -
LAYERS LOGIC IT LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
265,232 
555,863 
Other debtors
219,139 
2,079 
484,371 
557,942 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,842 
17,321 
VAT
51,753 
15,958 
Trade creditors
368,800 
415,280 
Taxes and social security
28,144 
19,962 
Other creditors
56,404 
9,613 
Loans from directors
3,617 
95,161 
Deferred income
424 
20 
518,984 
573,315 
7
Transactions with related parties
Akmal Nawaz Syed (director) controls the company by his and his associate's 100% ownership of the company's share capital. During the year dividends were paid to Akmal Nawaz Syed (director) amounting to 32,500 (2022: Nil)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -