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Company Registration No. 12652140 (England and Wales)
Lydtech Consulting Ltd Unaudited accounts for the year ended 31 March 2025
Lydtech Consulting Ltd Unaudited accounts Contents
Page
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Lydtech Consulting Ltd Company Information for the year ended 31 March 2025
Directors
Mr Daniel Edwards Mr Robert William Golder Mr Robert Cameron Hemmings Mr James Lee Powell
Company Number
12652140 (England and Wales)
Registered Office
85 Great Portland Street First Floor London W1W 7LT United Kingdom
Accountants
Virtue Accounting Limited 53 Warwick Street Coventry CV5 6ET
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Lydtech Consulting Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,138 
7,847 
Current assets
Debtors
150,996 
62,409 
Cash at bank and in hand
266,704 
108,067 
417,700 
170,476 
Creditors: amounts falling due within one year
(298,524)
(97,309)
Net current assets
119,176 
73,167 
Total assets less current liabilities
124,314 
81,014 
Provisions for liabilities
Deferred tax
(1,285)
(1,960)
Net assets
123,029 
79,054 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
122,929 
78,954 
Shareholders' funds
123,029 
79,054 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
Mr Daniel Edwards Director Company Registration No. 12652140
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Lydtech Consulting Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Lydtech Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12652140. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
15% straight line
Computer equipment
33% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Lydtech Consulting Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2024
16,490 
Additions
2,638 
At 31 March 2025
19,128 
Depreciation
At 1 April 2024
8,643 
Charge for the year
5,347 
At 31 March 2025
13,990 
Net book value
At 31 March 2025
5,138 
At 31 March 2024
7,847 
5
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
24,526 
31,651 
6
Loans to directors
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr D Edwards was £1,297, a movement of £770 from £527 owed by the company at the beginning of the period. At the reporting date the amount owed by the company to Mr R Golder was £505, a movement of £116 from £621 owed by the company at the beginning of the period. At the reporting date the amount owed by the company to Mr R Hemmings was £2,821, a movement of £495 from £2,326 owed by the company at the beginning of the period. At the reporting date the amount owed by the company to Mr J Powell was £1,469, a movement of £157 from £1,312 owed by the company at the beginning of the period. Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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