Layzell Property (1995) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03080564

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,973		16,141

			10,973		16,141
CURRENT ASSETS
Stocks	5	55,347		32,306
Debtors	6	91,098		88,971
Cash at bank and in hand		311		10,931

		146,756		132,208
Creditors: Amounts Falling Due Within One Year	7	(134,673 )		(109,086 )

NET CURRENT ASSETS (LIABILITIES)			12,083		23,122

TOTAL ASSETS LESS CURRENT LIABILITIES			23,056		39,263

Creditors: Amounts Falling Due After More Than One Year	8		(22,615 )		(38,973 )

NET ASSETS			441		290

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			439		288

SHAREHOLDERS' FUNDS			441		290

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Layzell Property (1995) Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 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

P G Snook

Director

23 April 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Layzell Property (1995) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03080564 . The registered office is 78 Hill Rise, Chippenham, Wiltshire, SN15 1AZ.

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.

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. 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:

Plant & Machinery	7 years straight line
Motor Vehicles	5 years straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Layzell Property (1995) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 August 2024	7,044	30,294	37,338
Disposals	(4,198 )	(6,495 )	(10,693 )

As at 31 July 2025	2,846	23,799	26,645

Depreciation
As at 1 August 2024	5,183	16,014	21,197
Provided during the period	407	4,760	5,167
Disposals	(4,198 )	(6,494 )	(10,692 )

As at 31 July 2025	1,392	14,280	15,672

Net Book Value
As at 31 July 2025	1,454	9,519	10,973

As at 1 August 2024	1,861	14,280	16,141

5. Stocks

	2025	2024
	£	£
Work in progress	55,347	32,306

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Layzell Property (1995) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,766	-
Other debtors	85,332	88,971

	91,098	88,971

Included in other debtors is an amount of £84,915 (2024: £88,971) owed to the company by the director.

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,280	2,280
Trade creditors	813	940
Bank loans and overdrafts	14,889	15,177
Other creditors	48,755	6,377
Taxation and social security	67,936	84,312

	134,673	109,086

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,180	6,459
Bank loans	18,435	32,514

	22,615	38,973

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,280	2,280
Later than one year and not later than five years	4,180	6,459

	6,460	8,739

	6,460	8,739

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Layzell Property (1995) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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