Laymui Limited - Period Ending 2018-10-31

Registration number: 06403903

Laymui Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2018

Laymui Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Laymui Limited

Company Information

Director

Mr Wing Lo Kwong

Registered office

14 Queen Square Bath BA1 2HN

Page 1

Laymui Limited

(Registration number: 06403903)
Balance Sheet as at 31 October 2018

	Note	2018 £	2017 £
Fixed assets
Other financial assets	3	-	40,000
Current assets
Debtors		18,917	-
Cash at bank and in hand		3,572	4,853
		22,489	4,853
Creditors: Amounts falling due within one year	4	(2,234)	(32,070)
Net current assets/(liabilities)		20,255	(27,217)
Net assets		20,255	12,783
Capital and reserves
Called up share capital	5	1	1
Profit and loss account		20,254	12,782
Total equity		20,255	12,783

For the financial year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 11 April 2019
 

.........................................

Mr Wing Lo Kwong
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Laymui Limited

Notes to the Financial Statements for the Year Ended 31 October 2018

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
14 Queen Square
Bath
BA1 2HN
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Page 3

Laymui Limited

Notes to the Financial Statements for the Year Ended 31 October 2018 (continued)

3	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 November 2017	40,000	40,000
Disposals	(40,000)	(40,000)
At 31 October 2018	-	-
Impairment
Carrying amount
At 31 October 2018	-	-

4

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Accruals and deferred income	600	600
Other creditors	1,634	31,470
	2,234	32,070

Page 4

Laymui Limited

Notes to the Financial Statements for the Year Ended 31 October 2018 (continued)

5	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

Page 5