Layer 4 Limited
Exception report
for the period ended 30 June 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
3 August 2023 per
TB
Balance at 2 August
2023 per accounts
Difference
£ £ £
Profit and loss account (Account 968) (315) - (315)
(315) - (315)
This page does not form part of the statutory financial statements.
Company registration number: 14930131
Unaudited financial statements
for the period ended 30 June 2024
for
Layer 4 Limited
Pages for filing with the Registrar
Company registration number: 14930131
Layer 4 Limited
Balance sheet
as at 30 June 2024
30 Jun 24 2 Aug 23
Note £ £ £ £
Fixed assets
Tangible assets 4 52,433 -
52,433 -
Current assets
Debtors 50,884 1,000
Cash at bank and in hand 74,725 -
125,609 1,000
Creditors: amounts falling due within one
year
(203,133) -
Net current (liabilities)/assets (77,524) 1,000
Total assets less current liabilities (25,091) 1,000
NET (LIABILITIES)/ASSETS (25,091) 1,000
Capital and reserves
Called up share capital - 1,000
Profit and loss account (25,091) -
TOTAL EQUITY (25,091) 1,000
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 30 June 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 14930131
Layer 4 Limited
Balance sheet - continued
as at 30 June 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 March 2025 and signed on its behalf by:
Mr M Hill, Director
11 March 2025
2
Layer 4 Limited
Notes to the financial statements
for the period ended 30 June 2024
1 Company information
Layer 4 Limited is a private company registered in England and Wales. Its registered number is 14930131. The company is limited by shares. Its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Depreciation - F&F - 25% reducing balance
Depreciation - Motor Vehicles - 25% reducing balance
Depreciation - Computer Equipment - 25% reducing balance
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3
Layer 4 Limited
Notes to the financial statements - continued
for the period ended 30 June 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 6 (2023 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 69,910
At 30 June 2024 69,910
Depreciation
Charge for period 17,477
At 30 June 2024 17,477
Net book value
At 30 June 2024 52,433
At 2 August 2023 -
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 30 June 2024 and 2 August 2023.
30 Jun 24 2 Aug 23
£ £
Joanne Milligan
Amounts advanced 1,903 -
Amounts repaid (9,600) -
Balance outstanding at end of period (7,697) -
4
Layer 4 Limited
Notes to the financial statements - continued
for the period ended 30 June 2024
5 Advances, credit and guarantees granted to directors - continued
30 Jun 24 2 Aug 23
£ £
Ben Gilbert
Amounts advanced (10,000) -
Balance outstanding at end of period (10,000) -
30 Jun 24 2 Aug 23
£ £
Thomas Blackford
Amounts advanced 5,310 -
Amounts repaid (4,085) -
Balance outstanding at end of period 1,225 -
30 Jun 24 2 Aug 23
£ £
Sally Hill
Amounts advanced 10,832 -
Amounts repaid (10,000) -
Balance outstanding at end of period 832 -
30 Jun 24 2 Aug 23
£ £
Mark Hill
Amounts advanced 18,133 -
Amounts repaid (31,987) -
Balance outstanding at end of period (13,854) -
5