Company Registration No. 12652140 (England and Wales)
Lydtech Consulting Ltd
Unaudited accounts
for the year ended 31 March 2026
Lydtech Consulting Ltd
Unaudited accounts
Contents
Lydtech Consulting Ltd
Company Information
for the year ended 31 March 2026
Directors
Mr Daniel Edwards
Mr Robert William Golder
Mr Robert Cameron Hemmings
Mr James Lee Powell
Company Number
12652140 (England and Wales)
Registered Office
5th Floor
167-169 Great Portland Street
London
W1W 5PF
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Lydtech Consulting Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
4,847
5,138
Cash at bank and in hand
291,090
266,704
Creditors: amounts falling due within one year
(323,415)
(298,524)
Net current assets
155,069
119,176
Total assets less current liabilities
159,916
124,314
Provisions for liabilities
Deferred tax
(1,212)
(1,285)
Net assets
158,704
123,029
Called up share capital
100
100
Profit and loss account
158,604
122,929
Shareholders' funds
158,704
123,029
For the year ending 31 March 2026 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 27 May 2026 and were signed on its behalf by
Mr Daniel Edwards
Director
Company Registration No. 12652140
Lydtech Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2026
Lydtech Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12652140. The registered office is 5th Floor, 167-169 Great Portland Street, London, W1W 5PF, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
Lydtech Consulting Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Total
5
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,981
-
Later than one year and not later than five years
7,191
24,526
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 £2,368, a movement of £1,071 from the £1,297 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 £1,769, a movement of £1,264 from the £505 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 £618, a movement of £2,203 from the £2,821 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 £502, a movement of £967 from the £1,469 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 9 (2025: 8).