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Company Registration No. 08858901 (England and Wales)
CONTEMPORARY LYNX LIMITED Unaudited accounts for the year ended 31 January 2023
CONTEMPORARY LYNX LIMITED Unaudited accounts Contents
Page
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CONTEMPORARY LYNX LIMITED Company Information for the year ended 31 January 2023
Directors
Sylwia Krason-Kozdras Dobromila Blaszczyk
Company Number
08858901 (England and Wales)
Registered Office
Flat 6 1 Prince Edward Road London E9 5NP United Kingdom
Accountants
Taxacc Solutions Ltd 117A St. John's Hill Sevenoaks Kent TN13 3PE
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CONTEMPORARY LYNX LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
2,335 
865 
Cash at bank and in hand
8,689 
35,019 
11,024 
35,884 
Creditors: amounts falling due within one year
(14,042)
(18,099)
Net current (liabilities)/assets
(3,018)
17,785 
Net (liabilities)/assets
(3,018)
17,785 
Reserves
Profit and loss account
(3,018)
17,785 
Members' funds
(3,018)
17,785 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by
Dobromila Blaszczyk Director Company Registration No. 08858901
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CONTEMPORARY LYNX LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
CONTEMPORARY LYNX LIMITED is a private company, limited by guarantee, registered in England and Wales, registration number 08858901. The registered office is Flat 6, 1 Prince Edward Road, London, E9 5NP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover includes grants received from trusts and foundations
Going concern
The accounts have been prepared on going concern basis. As at the year-end the company has net liabilities of £3,018 (2022: net assets £17,785) which is mainly owed to the directors for expenses incurred on behalf of the company. The company has made a loss during the year ended 31 January 2023 of £20,803 (2022 profit £11,829). However, the directors believe that the company will make a profit in the coming years.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,335 
865 
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CONTEMPORARY LYNX LIMITED Notes to the Accounts for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
2,393 
Other creditors
(298)
434 
Loans from directors
14,340 
15,272 
14,042 
18,099 
6
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Transactions with related parties
Sylwia Krason and Dobromila Blaszczyk (Directors) were owed £9,066 (2022: £8,330) and £2,846 (2022: £3,708) respectively at the year end. This is due to expenses and loan paid by both directors on behalf of the company during the year. No interest has been changed by the Directors on the amount outstanding. In addition to this £2,427 (2022: £3,235) is owed at the year end by the company to Sylwia Krason for directors salaries.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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