Layer Systems Limited in Glasgow, G4 0HW

Description

Data updated on: 01-11-2023

Layer Systems Limited has been prospering on the local market for 14 years. Registered with number SC379219 in the year 2010, it is located at 16 Mcphater Street, Glasgow G4 0HW. It has been already thirteen years that Layer Systems Limited is no longer identified under the business name Exchangelaw (468). This firm's SIC code is 62012 and has the NACE code: Business and domestic software development. 2023-05-31 is the last time when the accounts were filed.

In this particular limited company, many of director's tasks have been met by Nicholas K. and Michelle L.. Out of these two individuals, Michelle L. has been with the limited company the longest, having become a part of officers' team fourteen years ago.

Executives who control the firm include: Nicholas K. has substantial control or influence over the company. Michelle L. has substantial control or influence over the company.

Previous company's names
Layer Systems Limited 2011-03-07
Exchangelaw (468) Limited 2010-05-26

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-05-31	2017-05-31	2018-05-31	2019-05-31	2020-05-31	2021-05-31	2022-05-31	2023-05-31
Currency

Balance Sheet
Cash Bank On Hand	5 039	22 290	12 015	208 505	107 443	237 667	324 693	126 513
Current Assets	51 558	72 362	38 047	227 445	218 775	454 586	538 730	342 840
Debtors	46 519	50 072	26 032	18 940	111 332	216 919	214 037	216 327
Net Assets Liabilities			-721 695	-626 510	-713 229	-612 723	-512 677	-635 580
Other Debtors	3 265	9 815	3 713	4 620	36 411	118 779	70 494	112 711
Property Plant Equipment	6 280	1 864	1 336	3 443	1 482	1 856	7 142	5 092

Other Financial Data
Accrued Liabilities					2 794	1 604	21 406	23 119
Accumulated Amortisation Impairment Intangible Assets						23 075	43 839	83 407
Accumulated Depreciation Impairment Property Plant Equipment	10 888	16 355	18 298	20 597	22 558	24 281	25 581	28 646
Additions Other Than Through Business Combinations Property Plant Equipment						2 098	6 586	1 015
Average Number Employees During Period				8	8	8	8	15
Balances Amounts Owed To Related Parties				789 784	799 776
Bank Borrowings Overdrafts					8 035
Corporation Tax Payable	-23 137	-25 767	-55 762
Corporation Tax Recoverable					52 045
Creditors	553 300	707 018	761 078	789 784	100 377	197 266	288 279	256 525
Deferred Income							13 248	13 248
Fixed Assets					1 482	140 281	270 928	421 815
Future Minimum Lease Payments Under Non-cancellable Operating Leases			25 936	19 765	19 765
Increase From Amortisation Charge For Year Intangible Assets						23 075	20 764	39 568
Increase From Depreciation Charge For Year Property Plant Equipment		5 466	1 943	2 299	1 961	1 724	1 300	3 065
Intangible Assets						138 425	263 786	416 723
Intangible Assets Gross Cost						161 500	307 625	500 130
Loans From Directors					36 667	56 667	56 417	56 167
Net Current Assets Liabilities	-501 742	-634 656	-723 031	159 831	118 398	257 320	250 451	86 315
Number Shares Issued Fully Paid		4	4
Other Creditors	549 273	726 269	799 771	789 784	10 686	78 661	98 267	144 604
Other Taxation Social Security Payable	26 147	3 740	16 620	51 019	15 221
Par Value Share		1	1
Prepayments Accrued Income					36 412	16 112	33 127	9 805
Property Plant Equipment Gross Cost	17 167	18 218	19 634	24 040	24 039	26 137	32 723	33 738
Taxation Social Security Payable					5 987	5 753	4 598	7 802
Total Additions Including From Business Combinations Intangible Assets						161 500	146 125	192 505
Total Additions Including From Business Combinations Property Plant Equipment		1 051	1 416	4 406
Total Assets Less Current Liabilities	-495 462	-632 792	-721 695	163 274	119 880	397 601	521 379	508 130
Trade Creditors Trade Payables	1 017	2 776	449	5 938	26 974	28 085	56 352	33 400
Trade Debtors Trade Receivables	43 254	40 257	22 319	14 320	22 874	82 028	110 416	93 811
Value-added Tax Payable					9 234	26 496	37 991	-21 815