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Company Registration No. 06625146 (England and Wales)
LY Solutions Limited Unaudited accounts for the year ended 30 June 2024
LY Solutions Limited Unaudited accounts Contents
Page
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LY Solutions Limited Company Information for the year ended 30 June 2024
Director
Lorraine Young
Company Number
06625146 (England and Wales)
Registered Office
25 ROSE CLOSE CORBY NORTHAMPTONSHIRE NN18 8PA ENGLAND
Accountants
Kingsbrook Accounting and Tax Services Limited 2 Kingsbrook Corby Northants NN189HY
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LY Solutions Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
64 
85 
Current assets
Debtors
2,040 
2,850 
Cash at bank and in hand
123,311 
99,025 
125,351 
101,875 
Creditors: amounts falling due within one year
(23,050)
(20,503)
Net current assets
102,301 
81,372 
Net assets
102,365 
81,457 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
102,265 
81,357 
Shareholders' funds
102,365 
81,457 
For the year ending 30 June 2024 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 her 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 7 July 2024 and were signed on its behalf by
Lorraine Young Director Company Registration No. 06625146
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LY Solutions Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
LY Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06625146. The registered office is 25 ROSE CLOSE, CORBY, NORTHAMPTONSHIRE, NN18 8PA, ENGLAND.
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:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
637 
At 30 June 2024
637 
Depreciation
At 1 July 2023
552 
Charge for the year
21 
At 30 June 2024
573 
Net book value
At 30 June 2024
64 
At 30 June 2023
85 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,040 
2,850 
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LY Solutions Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,223 
4,656 
Taxes and social security
17,827 
14,125 
Loans from directors
- 
1,037 
Accruals
- 
685 
23,050 
20,503 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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