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Company Registration No. SC379219 (Scotland)
Layer Systems Limited Unaudited accounts for the year ended 31 May 2024
Layer Systems Limited Unaudited accounts Contents
Page
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Layer Systems Limited Company Information for the year ended 31 May 2024
Directors
Michelle Livingstone NIcholas Kewney
Company Number
SC379219 (Scotland)
Registered Office
16 Mcphater Street Ground Floor Orient Building, Glasgow Scotland G4 0HW
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Layer Systems Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
553,885 
416,723 
Tangible assets
2,221 
5,092 
556,106 
421,815 
Current assets
Debtors
101,929 
216,327 
Cash at bank and in hand
38,205 
126,513 
140,134 
342,840 
Creditors: amounts falling due within one year
(364,097)
(256,525)
Net current (liabilities)/assets
(223,963)
86,315 
Total assets less current liabilities
332,143 
508,130 
Creditors: amounts falling due after more than one year
(1,045,625)
(1,143,710)
Net liabilities
(713,482)
(635,580)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(713,486)
(635,584)
Shareholders' funds
(713,482)
(635,580)
For the year ending 31 May 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 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 9 September 2024 and were signed on its behalf by
Michelle Livingstone Director Company Registration No. SC379219
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Layer Systems Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Layer Systems Limited is a private company, limited by shares, registered in Scotland, registration number SC379219. The registered office is 16 Mcphater Street, Ground Floor Orient Building,, Glasgow, Scotland, G4 0HW.
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
33% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
500,130 
Additions
199,550 
At 31 May 2024
699,680 
Amortisation
At 1 June 2023
83,407 
Charge for the year
62,388 
At 31 May 2024
145,795 
Net book value
At 31 May 2024
553,885 
At 31 May 2023
416,723 
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Layer Systems Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
620 
7,143 
25,975 
33,738 
Additions
- 
182 
- 
182 
At 31 May 2024
620 
7,325 
25,975 
33,920 
Depreciation
At 1 June 2023
620 
6,838 
21,188 
28,646 
Charge for the year
- 
237 
2,816 
3,053 
At 31 May 2024
620 
7,075 
24,004 
31,699 
Net book value
At 31 May 2024
- 
250 
1,971 
2,221 
At 31 May 2023
- 
305 
4,787 
5,092 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,442 
93,811 
Accrued income and prepayments
9,593 
9,805 
Other debtors
65,894 
112,711 
101,929 
216,327 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
79,464 
(21,815)
Trade creditors
39,478 
33,400 
Taxes and social security
11,922 
7,802 
Other creditors
100,657 
144,604 
Loans from directors
109,847 
56,167 
Accruals
22,729 
23,119 
Deferred income
- 
13,248 
364,097 
256,525 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
1,045,625 
1,143,710 
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).
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