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Registered number: 03900785
Layton Technology Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
RS Welwyn Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03900785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 5
- 5
CURRENT ASSETS
Debtors 7 22,282 7,967
Cash at bank and in hand 38,409 97,100
60,691 105,067
Creditors: Amounts Falling Due Within One Year 8 (24,218 ) (53,529 )
NET CURRENT ASSETS (LIABILITIES) 36,473 51,538
TOTAL ASSETS LESS CURRENT LIABILITIES 36,473 51,543
NET ASSETS 36,473 51,543
CAPITAL AND RESERVES
Called up share capital 9 850 850
Capital redemption reserve 150 150
Profit and Loss Account 35,473 50,543
SHAREHOLDERS' FUNDS 36,473 51,543
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Davis
Director
23/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Layton Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03900785 . The registered office is Intech House, Wilbury Way, Hitchin, Hertfordshire, SG4 0TW.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
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:
Computer Equipment 35% Striaght line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterlingusing the average exchange rate for the year. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 500,000
As at 31 December 2024 500,000
Amortisation
As at 1 January 2024 500,000
As at 31 December 2024 500,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 2,419
As at 31 December 2024 2,419
Depreciation
As at 1 January 2024 2,414
Provided during the period 5
As at 31 December 2024 2,419
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 5
6. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 66,723
As at 31 December 2024 66,723
Provision
As at 1 January 2024 66,723
As at 31 December 2024 66,723
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 395 908
Prepayments and accrued income 638 1,267
Other debtors 5,971 3,484
Other taxes and social security - 1
Amounts owed by subsidiaries 15,278 2,307
22,282 7,967
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,763 1,058
Other taxes and social security 265 -
VAT 161 26
Net wages - 877
Other creditors 34 34
Accruals and deferred income 2,182 3,000
Director's loan account 9,395 34,938
Amounts owed to other participating interests 8,418 13,596
24,218 53,529
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 850 850
Page 5