Leywell Limited 03013651 false 2022-09-01 2023-12-31 2023-12-31 The principal activity of the company is Construction of domestic buildings Digita Accounts Production Advanced 6.30.9574.0 true 03013651 2022-09-01 2023-12-31 03013651 2023-12-31 03013651 core:RetainedEarningsAccumulatedLosses 2023-12-31 03013651 core:ShareCapital 2023-12-31 03013651 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-31 03013651 core:CurrentFinancialInstruments 2023-12-31 03013651 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03013651 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03013651 core:FurnitureFittingsToolsEquipment 2023-12-31 03013651 core:OtherPropertyPlantEquipment 2023-12-31 03013651 bus:SmallEntities 2022-09-01 2023-12-31 03013651 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-12-31 03013651 bus:FullAccounts 2022-09-01 2023-12-31 03013651 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-12-31 03013651 bus:RegisteredOffice 2022-09-01 2023-12-31 03013651 bus:Director1 2022-09-01 2023-12-31 03013651 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-12-31 03013651 core:ComputerEquipment 2022-09-01 2023-12-31 03013651 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-12-31 03013651 core:OtherPropertyPlantEquipment 2022-09-01 2023-12-31 03013651 core:PlantMachinery 2022-09-01 2023-12-31 03013651 countries:EnglandWales 2022-09-01 2023-12-31 03013651 2022-08-31 03013651 core:FurnitureFittingsToolsEquipment 2022-08-31 03013651 core:OtherPropertyPlantEquipment 2022-08-31 03013651 2021-09-01 2022-08-31 03013651 2022-08-31 03013651 core:RetainedEarningsAccumulatedLosses 2022-08-31 03013651 core:ShareCapital 2022-08-31 03013651 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2022-08-31 03013651 core:CurrentFinancialInstruments 2022-08-31 03013651 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 03013651 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 03013651 core:FurnitureFittingsToolsEquipment 2022-08-31 03013651 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 03013651

Leywell Limited

Unaudited Financial Statements

for the Period from 1 September 2022 to 31 December 2023

 

Leywell Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Leywell Limited

(Registration number: 03013651)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,326

1,376

Other financial assets

5

2

2

 

2,328

1,378

Current assets

 

Stocks

135,000

135,000

Debtors

6

7,117

6,046

Cash at bank and in hand

 

60,720

40,640

 

202,837

181,686

Creditors: Amounts falling due within one year

7

(158,190)

(155,769)

Net current assets

 

44,647

25,917

Total assets less current liabilities

 

46,975

27,295

Creditors: Amounts falling due after more than one year

7

(9,247)

(16,296)

Net assets

 

37,728

10,999

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

37,726

10,997

Shareholders' funds

 

37,728

10,999

 

Leywell Limited

(Registration number: 03013651)
Balance Sheet as at 31 December 2023

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr P Galletley
Director

 

Leywell Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Mill Hill Drive
Sandbach
Cheshire
CW11 4PW
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Leywell Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Computer equipment

33% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Leywell Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2022

3,133

3,118

6,251

Additions

2,456

-

2,456

At 31 December 2023

5,589

3,118

8,707

Depreciation

At 1 September 2022

2,507

2,368

4,875

Charge for the period

1,356

150

1,506

At 31 December 2023

3,863

2,518

6,381

Carrying amount

At 31 December 2023

1,726

600

2,326

At 31 August 2022

626

750

1,376

5

Other financial assets (current and non-current)

2023
£

2022
£

Non-current financial assets

Financial assets at fair value through profit and loss

2

2

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

1,459

228

Amounts owed by group undertakings and undertakings in which the company has a participating interest

192

120

Other debtors

 

5,466

5,698

 

7,117

6,046

 

Leywell Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

108,801

68,249

Trade creditors

 

6,421

44,879

Taxation and social security

 

7,463

7,136

Other creditors

 

35,505

35,505

 

158,190

155,769

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,655

5,931

Other borrowings

103,146

62,318

108,801

68,249

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9,247

16,296