Acorah Software Products - Accounts Production 16.2.850 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13859102 Mrs Stephanie Irvine Mr Philip Brault Oakfield Crescent Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13859102 2024-03-31 13859102 2025-03-31 13859102 2024-04-01 2025-03-31 13859102 frs-core:CurrentFinancialInstruments 2025-03-31 13859102 frs-core:Non-currentFinancialInstruments 2025-03-31 13859102 frs-core:ComputerEquipment 2025-03-31 13859102 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13859102 frs-core:ComputerEquipment 2024-03-31 13859102 frs-core:ShareCapital 2025-03-31 13859102 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13859102 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13859102 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13859102 frs-bus:SmallEntities 2024-04-01 2025-03-31 13859102 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13859102 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13859102 1 2024-04-01 2025-03-31 13859102 frs-bus:Director1 2024-04-01 2025-03-31 13859102 frs-bus:Director2 2024-04-01 2025-03-31 13859102 frs-countries:EnglandWales 2024-04-01 2025-03-31 13859102 2023-03-31 13859102 2024-03-31 13859102 2023-04-01 2024-03-31 13859102 frs-core:CurrentFinancialInstruments 2024-03-31 13859102 frs-core:Non-currentFinancialInstruments 2024-03-31 13859102 frs-core:ShareCapital 2024-03-31 13859102 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13859102
Layline Financial Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13859102
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,842 -
3,842 -
CURRENT ASSETS
Debtors 5 8,235 6,784
Cash at bank and in hand 114,346 62,416
122,581 69,200
Creditors: Amounts Falling Due Within One Year 6 (59,148 ) (32,525 )
NET CURRENT ASSETS (LIABILITIES) 63,433 36,675
TOTAL ASSETS LESS CURRENT LIABILITIES 67,275 36,675
Creditors: Amounts Falling Due After More Than One Year 7 - (10,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (837 ) -
NET ASSETS 66,438 26,675
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 66,338 26,575
SHAREHOLDERS' FUNDS 66,438 26,675
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For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Brault
Director
21 April 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Layline Financial Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13859102 . The registered office is Beechwood House, Office F9, Beechwood Park, Christchurch Road, Newport, Gwent, NP19 8AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 2)
4 2
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4. Tangible Assets
Office Equipment
£
Cost
As at 1 April 2024 -
Additions 4,194
As at 31 March 2025 4,194
Depreciation
As at 1 April 2024 -
Provided during the period 352
As at 31 March 2025 352
Net Book Value
As at 31 March 2025 3,842
As at 1 April 2024 -
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,733 4,582
Amounts owed by group undertakings - 250
Other debtors 502 1,952
8,235 6,784
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Amounts owed to participating interests 24,750 -
Other creditors 9,884 22,115
Taxation and social security 24,514 10,410
59,148 32,525
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors - 10,000
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Oakfield Crescent Limited . Oakfield Crescent Limited was incorporated in England and Wales on 19 January 2022, company number 13858969. The ultimate controlling party is Oakfield Crescent Limited who controls 100% of the shares of Layline Financial Ltd .
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