Laytec Flooring Limited Filleted Accounts Cover
Laytec Flooring Limited
Company No. 12333090
Information for Filing with The Registrar
30 November 2023
Laytec Flooring Limited Balance Sheet Registrar
at
30 November 2023
Company No.
12333090
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
16,14818,271
16,14818,271
Current assets
Debtors
5
15,83815,488
Cash at bank and in hand
3,0014,619
18,83920,107
Creditors: Amount falling due within one year
6
(8,483)
(10,125)
Net current assets
10,3569,982
Total assets less current liabilities
26,50428,253
Net assets
26,50428,253
Capital and reserves
Called up share capital
11
Profit and loss account
7
26,50328,252
Total equity
26,50428,253
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 November 2023
And signed on its behalf by:
A. Hersom
Director
30 November 2023
Laytec Flooring Limited Notes to the Accounts Registrar
for the year ended 30 November 2023
1
General information
Its registered number is: 12333090
Its registered office is:
83 Fairlane Drive
South Ockendon
RM15 5FA
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
15% Reducing Balance
Furniture, fittings and equipment
15% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 December 2022
21,495-21,495
Additions
-753753
At 30 November 2023
21,49575322,248
Depreciation
At 1 December 2022
3,224-3,224
Charge for the year
2,7411352,876
At 30 November 2023
5,9651356,100
Net book values
At 30 November 2023
15,53061816,148
At 30 November 2022
18,271-18,271
5
Debtors
2023
2022
£
£
Trade debtors
-1,560
VAT recoverable
1,600323
Other debtors
14,23813,605
15,83815,488
6
Creditors amounts falling due within one year:
2023
2022
£
£
Corporation tax
7,3767,752
Loans from directors
271,413
Accruals and deferred income
1,080960
8,48310,125
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
24,500
30,000
24,500
30,000
Dividends by type:
Equity dividends
24,50030,000
24,500
30,000
9
Related party disclosures
At the balance sheet date £27 was owed to the director by the company.
Controlling party
Immediate controlling party
A. Hersom controls the company
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