Registered number
03080564
Layzell Property (1995) Limited
Accounts
For the Year ended
31 July 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Layzell Property (1995) Limited
Registered number: 03080564
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,141 19,651
Current assets
Stocks 32,306 24,855
Debtors 4 88,971 62,374
Cash at bank and in hand 10,931 844
132,208 88,073
Creditors: amounts falling due within one year 5 (109,086) (83,712)
Net current assets 23,122 4,361
Total assets less current liabilities 39,263 24,012
Creditors: amounts falling due after more than one year 6 (38,973) (23,535)
Net assets 290 477
Capital and reserves
Called up share capital 2 2
Profit and loss account 288 475
Shareholder's funds 290 477
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P G Snook
Director
Approved by the board on 14 July 2025
Layzell Property (1995) Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the service has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools and equipment 7 years
Motor vehicles 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 August 2023 5,387 30,294 35,681
Additions 1,657 - 1,657
At 31 July 2024 7,044 30,294 37,338
Depreciation
At 1 August 2023 4,776 11,254 16,030
Charge for the year 407 4,760 5,167
At 31 July 2024 5,183 16,014 21,197
Net book value
At 31 July 2024 1,861 14,280 16,141
At 31 July 2023 611 19,040 19,651
4 Debtors 2024 2023
£ £
Other debtors 88,971 62,374
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,177 7,506
Obligations under finance lease and hire purchase contracts 2,280 2,280
Trade creditors 940 4,772
Taxes and social security costs 63,216 36,291
Other creditors 27,473 32,863
109,086 83,712
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,514 14,796
Obligations under finance lease and hire purchase contracts 6,459 8,739
38,973 23,535
7 Other information
Layzell Property (1995) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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