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Registration number: 03936355

Layton Technologies Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Layton Technologies Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Layton Technologies Limited

Company Information

Directors | Mr Philip Dale Mrs Christine Julie Dale

Company secretary | Mrs Christine Julie Dale

Registered office | Unit 33 Parkhall Industrial Estate Parkhall Road Stoke On Trent Staffordshire ST3 5XA

Layton Technologies Limited

(Registration number: 03936355)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 5,470 | 10,940
Tangible assets | 5 | 50,369 | 52,660
|  | 55,839 | 63,600
Current assets |  |  |
Stocks |  | 329,974 | 373,583
Debtors | 6 | 266,460 | 400,864
Cash at bank and in hand |  | 20,708 | 321,228
|  | 617,142 | 1,095,675
Creditors: Amounts falling due within one year | 7 | (404,304) | (658,719)
Net current assets |  | 212,838 | 436,956
Total assets less current liabilities |  | 268,677 | 500,556
Creditors: Amounts falling due after more than one year | 7 | (111,980) | (204,036)
Net assets |  | 156,697 | 296,520
Capital and reserves |  |  |
Called up share capital | 8 | 108,960 | 108,960
Share premium reserve |  | 5,642 | 5,642
Retained earnings |  | 42,095 | 181,918
Shareholders' funds |  | 156,697 | 296,520

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Layton Technologies Limited

(Registration number: 03936355)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 10 December 2025 and signed on its behalf by:

......................................... Mr Philip Dale Director |  |

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 33
Parkhall Industrial Estate
Parkhall Road
Stoke On Trent
Staffordshire
ST3 5XA

These financial statements were authorised for issue by the Board on 10 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Contract revenue recognition

Turnover represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of
the service provided to date based on a proportion of the total expected consideration at completion. Where
payments are received from customers in advance of services provided, the amounts are recorded as Deferred
Income and included as part of Creditors due within one year.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Improvements to property | 10% on straight line
Plant & Machinery | 25% & 5% on reducing balance
Fixtures & fittings | 25% on reducing balance

Intangible assets

Intangble assets are initially measured at cost. After initial recognition , intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licenses are being amortised evenly over their estimated useful life of ten years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties, loans to related parties and investments in non-puttable ordinary shares.
Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in profit or loss.
Impairment
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss
is the current effective interest rate determined under the contract.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 8).

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 April 2024 | 54,703 | 54,703
At 31 March 2025 | 54,703 | 54,703
Amortisation
At 1 April 2024 | 43,763 | 43,763
Amortisation charge | 5,470 | 5,470
At 31 March 2025 | 49,233 | 49,233
Carrying amount
At 31 March 2025 | 5,470 | 5,470
At 31 March 2024 | 10,940 | 10,940

5 | Tangible assets

| Land and buildings £ | Fixtures & Fittings £ | Plant & Machinery £ | Total £
Cost or valuation
At 1 April 2024 | 66,707 | 145,677 | 153,336 | 365,720
Additions | - | - | 2,543 | 2,543
At 31 March 2025 | 66,707 | 145,677 | 155,879 | 368,263
Depreciation
At 1 April 2024 | 66,707 | 141,890 | 104,463 | 313,060
Charge for the year | - | 947 | 3,887 | 4,834
At 31 March 2025 | 66,707 | 142,837 | 108,350 | 317,894
Carrying amount
At 31 March 2025 | - | 2,840 | 47,529 | 50,369
At 31 March 2024 | - | 3,787 | 48,873 | 52,660

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 163,192 | 59,921
Prepayments | 23,818 | 22,181
Other debtors | 79,450 | 318,762
| 266,460 | 400,864

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | (As restated) 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 92,057 | 88,463
Trade creditors |  | 161,713 | 138,744
Taxation and social security |  | 73,956 | 16,129
Accruals and deferred income |  | 70,428 | 412,023
Other creditors |  | 6,150 | 3,360
|  | 404,304 | 658,719

A prior year restatement in relation to other creditors has been included within the financial statements to reflect amounts that were incorrectly included in the prior year. The other creditors as restated for 2024 is £3,360 (£133,360 as filed) arising from reserve for directors pensions being reversed.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 111,980 | 204,036

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 108,960 | 108,960 | 108,960 | 108,960

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 11,980 | 104,036
Other borrowings | 100,000 | 100,000
| 111,980 | 204,036

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 92,057 | 88,463

Layton Technologies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
Directors loan (joint) | 13,704 | 7,929 | (13,704) | 7,929

2024 | At 1 April 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2024 £
Directors loan (joint) | (2,669) | 21,191 | (4,818) | 13,704