THE LIGHTYEAR CORPORATION LTD

Company Registration Number:
NI648586 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

THE LIGHTYEAR CORPORATION LTD

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

THE LIGHTYEAR CORPORATION LTD

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 0 11,772
Total fixed assets: 0 11,772
Current assets
Debtors:     302,397
Cash at bank and in hand:   474,549
Total current assets:   776,946
Creditors: amounts falling due within one year: 4 (385,348) (240,785)
Net current assets (liabilities): (385,348) 536,161
Total assets less current liabilities: (385,348) 547,933
Creditors: amounts falling due after more than one year: 5   (38,439)
Total net assets (liabilities): (385,348) 509,494
Capital and reserves
Called up share capital: 2,161 2,161
Profit and loss account: (387,509) 507,333
Shareholders funds: (385,348) 509,494

The notes form part of these financial statements

THE LIGHTYEAR CORPORATION LTD

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2025
and signed on behalf of the board by:

Name: Adam John Witherow Brown
Status: Director

The notes form part of these financial statements

THE LIGHTYEAR CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE LIGHTYEAR CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 37 40

THE LIGHTYEAR CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 38,607
Additions 8,189
Disposals (46,796)
At 30 June 2024 0
Depreciation
At 01 July 2023 26,835
Charge for year 4,022
On disposals (30,857)
At 30 June 2024 0
Net book value
At 30 June 2024 0
At 30 June 2023 11,772

THE LIGHTYEAR CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

VAT £Nil (2023: £50,827) Trade creditors £Nil (2023: £4,490) Amounts owed to group undertakings £385,348 (2023: £Nil) Taxes and social security £Nil (2023: £75,273) Accruals £Nil (2023: £110,195)

THE LIGHTYEAR CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

Bank loans £Nil (2023: £38,439) Bounce Back Loan balance outstanding of £38,439 in 2023 was repaid during the year.

THE LIGHTYEAR CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Related party transactions

All sales represent income received from companies under common beneficial ownership and control, Lightyear Cloud UK Ltd NI648587 and Lightyear Cloud Australia Pty Ltd ABN 68 622 231 903. All three companies were close companies until 31 May 2024. The Company and its trade and assets were taken over by Access UK Ltd on 31 May 2024 and the Company ceased to trade on that date.