LAYZELL ENGINEERING (DERBY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Newton

REGISTERED OFFICE:

12a Darley Abbey Mills

Darley Abbey

Derby

DE22 1DZ

REGISTERED NUMBER:

06006027 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

102,128

125,009

102,128

125,009

CURRENT ASSETS

Stocks

-

5,000

Debtors

6

459,960

448,428

Cash at bank

79,412

83,986

539,372

537,414

CREDITORS

Amounts falling due within one year

7

206,210

189,185

NET CURRENT ASSETS

333,162

348,229

TOTAL ASSETS LESS CURRENT LIABILITIES

435,290

473,238

CREDITORS

Amounts falling due after more than one year

8

(61,567

)

(94,004

)

PROVISIONS FOR LIABILITIES

10

(25,500

)

(31,300

)

NET ASSETS

348,223

347,934

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

348,221

347,932

SHAREHOLDERS' FUNDS

348,223

347,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2026 and were signed by:

B Newton - Director

1.	STATUTORY INFORMATION

Layzell Engineering (Derby) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

33,350

AMORTISATION

At 1 January 2025

and 31 December 2025

33,350

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

62,100

14,978

79,680

2,294

159,052

DEPRECIATION

At 1 January 2025

12,782

10,481

10,481

299

34,043

Charge for year

4,932

450

17,300

199

22,881

At 31 December 2025

17,714

10,931

27,781

498

56,924

NET BOOK VALUE

At 31 December 2025

44,386

4,047

51,899

1,796

102,128

At 31 December 2024

49,318

4,497

69,199

1,995

125,009

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

60,900

79,680

140,580

DEPRECIATION

At 1 January 2025

12,599

10,481

23,080

Charge for year

4,830

17,300

22,130

At 31 December 2025

17,429

27,781

45,210

NET BOOK VALUE

At 31 December 2025

43,471

51,899

95,370

At 31 December 2024

48,301

69,199

117,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

189,836

108,146

Other debtors

270,124

340,282

459,960

448,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,212

38,550

Hire purchase contracts

22,225

20,050

Trade creditors

66,544

60,521

Taxation and social security

89,548

57,384

Other creditors

17,681

12,680

206,210

189,185

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

10,212

Hire purchase contracts

61,567

83,792

61,567

94,004

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

83,792

103,842

The hire purchase liability is secured over the asset it relates to.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

25,500

31,300

Deferred

tax

£

Balance at 1 January 2025

31,300

Provided during year

(5,800

)

Balance at 31 December 2025

25,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1.00

2

2

12.	RELATED PARTY DISCLOSURES

During the period, the company was charged £3,000 (2024: £10,000) in management charges by M-Tech Engineering (Derby) Limited.