Layer Seven Solutions Ltd. - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03568871 (England and Wales)

LAYER SEVEN SOLUTIONS LTD.

Unaudited Financial Statements

for the Period 1 July 2021 to 31 December 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I M Vickers

REGISTERED OFFICE:

75 Harborne Road

Edgbaston

Birmingham

B15 3DH

REGISTERED NUMBER:

03568871 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

-

285

CURRENT ASSETS

Debtors

5

537

22,758

Cash at bank

23,620

1,746

24,157

24,504

CREDITORS

Amounts falling due within one year

6

13,255

16,670

NET CURRENT ASSETS

10,902

7,834

TOTAL ASSETS LESS CURRENT LIABILITIES

10,902

8,119

CREDITORS

Amounts falling due after more than one year

7

9,299

8,081

NET ASSETS

1,603

38

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,601

36

1,603

38

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2023 and were signed by:

I M Vickers - Director

1.	STATUTORY INFORMATION

Layer Seven Solutions Ltd. 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

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 period was NIL (2021 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2021

15,259

Disposals

(15,259

)

At 31 December 2022

-

DEPRECIATION

At 1 July 2021

14,974

Charge for period

285

Eliminated on disposal

(15,259

)

At 31 December 2022

-

NET BOOK VALUE

At 31 December 2022

-

At 30 June 2021

285

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

27

Other debtors

537

537

Directors' current accounts

-

22,194

537

22,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

3,209

6,419

Social security and other taxes

8,790

8,623

Other creditors

-

373

Accrued expenses

1,256

1,255

13,255

16,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

3,209

3,209

Bank loans - 2-5 years

6,090

4,872

9,299

8,081