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REGISTERED NUMBER: 07765505 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LAYTEC UK LIMITED

LAYTEC UK LIMITED (REGISTERED NUMBER: 07765505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAYTEC UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: K Haberland





REGISTERED OFFICE: Thornton Science Park
Building B90 Room 2
Poole Lane
Ince
CH2 4NU





REGISTERED NUMBER: 07765505 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

LAYTEC UK LIMITED (REGISTERED NUMBER: 07765505)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,652 -

CURRENT ASSETS
Debtors 5 66,594 55,461
Cash at bank and in hand 44,063 61,084
110,657 116,545
CREDITORS
Amounts falling due within one year 6 38,326 27,138
NET CURRENT ASSETS 72,331 89,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,983

89,407

CREDITORS
Amounts falling due after more than one
year

7

450,733

472,406
NET LIABILITIES (376,750 ) (382,999 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (386,750 ) (392,999 )
SHAREHOLDERS' FUNDS (376,750 ) (382,999 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LAYTEC UK LIMITED (REGISTERED NUMBER: 07765505)

BALANCE SHEET - continued
31 DECEMBER 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.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





K Haberland - Director


LAYTEC UK LIMITED (REGISTERED NUMBER: 07765505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

LayTec UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

The financial statements include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st December 2024 the company's total liabilities exceeded its fixed and current assets by £376,750 and total liabilities of the company were £489,059. The company is reliant upon the continued support of its Parent Company, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

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.
Office and laboratory equipment - 33% on cost and 20% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LAYTEC UK LIMITED (REGISTERED NUMBER: 07765505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Office
and
laboratory
equipment
£   
COST
At 1 January 2024 117,759
Additions 2,168
At 31 December 2024 119,927
DEPRECIATION
At 1 January 2024 117,759
Charge for year 516
At 31 December 2024 118,275
NET BOOK VALUE
At 31 December 2024 1,652
At 31 December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,983 53,198
VAT 2,964 466
Prepayments 3,647 1,797
66,594 55,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,187 1,122
Social security and other taxes 3,274 3,191
Other creditors 29,748 21,825
Accruals and deferred income 1,117 1,000
38,326 27,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
LayTec AG 450,733 472,406

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is LayTec AG by virtue of their 100% ownership of the issued share capital of the company.