LYONS CLEARANCE SERVICES LTD

Company Registration Number:
04945159 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

LYONS CLEARANCE SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

LYONS CLEARANCE SERVICES LTD

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 17,169 14,078
Total fixed assets: 17,169 14,078
Current assets
Debtors:   34,290 25,733
Cash at bank and in hand: 908 4,653
Total current assets: 35,198 30,386
Creditors: amounts falling due within one year:   (50,104) (41,627)
Net current assets (liabilities): (14,906) (11,241)
Total assets less current liabilities: 2,263 2,837
Total net assets (liabilities): 2,263 2,837
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,163 2,737
Shareholders funds: 2,263 2,837

The notes form part of these financial statements

LYONS CLEARANCE SERVICES LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Steven Lyons
Status: Director

The notes form part of these financial statements

LYONS CLEARANCE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:Plant & Machinery 15% Reducing BalanceFixtures & Fittings 15% Reducing BalanceMotor Expenses 25% Reducing Balance

Other accounting policies

StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes at costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

LYONS CLEARANCE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 3 3

LYONS CLEARANCE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 72,713
Additions 6,278
At 30 November 2022 78,991
Depreciation
At 01 December 2021 58,635
Charge for year 3,187
At 30 November 2022 61,822
Net book value
At 30 November 2022 17,169
At 30 November 2021 14,078