Layer 17 ICT Ltd - Accounts

Layer 17 ICT Ltd - Accounts

LAYER17 ICT LTD - Company Information

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Registered Number : 09664013
England and Wales

 

 

 

LAYER 17 ICT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2016

End date: 31 December 2017

Layer 17 ICT Ltd
Contents Page
For the period ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Layer 17 ICT Ltd for the period ended 31 December 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Layer 17 ICT Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the financial statements of Layer 17 ICT Ltd and state those matters that we have agreed to state to the Board of Directors of Layer 17 ICT Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Layer 17 ICT Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Layer 17 ICT Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Layer 17 ICT Ltd. You consider that Layer 17 ICT Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Layer 17 ICT Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
28 September 2018
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 8,975    288 
8,975    288 
Current assets      
Debtors 4,707    1,142 
Cash at bank and in hand 2,009    1,001 
6,716    2,143 
Creditors: amount falling due within one year (56,349)   (13,806)
Net current assets (49,633)   (11,663)
 
Total assets less current liabilities (40,658)   (11,375)
Net assets (40,658)   (11,375)
 

Capital and reserves 		     
Called up share capital 3 10    10 
Profit and loss account (40,668)   (11,385)
Shareholders funds (40,658)   (11,375)
 


For the period ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 Members Have Agreed to the Preparation of Abridged Accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Christopher Lang Mitchell
Director		--------------------------------
Boffix Ltd
Director

Date approved by the board: 28 September 2018
2
General Information
Layer 17 ICT Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09664013,registration address St Alban Tower,Wood Street,London,EC2V 7AF.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
2.

Tangible fixed assets

Cost or Valuation Computer Equipment   Total
  £   £
At 01 July 2016 305    305 
Additions 10,860    10,860 
Disposals -    - 
At 31 December 2017 11,165    11,165 
Depreciation
At 01 July 2016 17    17 
Charge for period 2,173    2,173 
On disposals -    - 
At 31 December 2017 2,190    2,190 
Net book values
Closing balance as at 31 December 2017 8,975    8,975 
Opening balance as at 01 July 2016 288    288 


3.

Share Capital

Allotted
2017
£		   2016
£
1,000 Ordinary shares of £0.01 each 10    10 
10    10 

4.Director’s loan :

Directors loan is provided interest-free and repayable on demand.
3