IRIS Accounts Production v23.3.0.418 SC352870 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3528702021-12-31SC3528702022-12-31SC3528702022-01-012022-12-31SC3528702020-12-31SC3528702021-01-012021-12-31SC3528702021-12-31SC352870ns10:Originalns15:Scotland2022-01-012022-12-31SC352870ns14:PoundSterlingns10:Original2022-01-012022-12-31SC352870ns10:Originalns10:Director12022-01-012022-12-31SC352870ns10:Original2022-01-012022-12-31SC352870ns10:Original2022-12-31SC352870ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-31SC352870ns10:Originalns10:SmallEntities2022-01-012022-12-31SC352870ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-31SC352870ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-31SC352870ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-31SC352870ns10:Originalns10:AbridgedAccounts2022-01-012022-12-31SC352870ns10:Original2021-12-31SC352870ns10:Originalns5:CurrentFinancialInstruments2022-12-31SC352870ns10:Originalns5:CurrentFinancialInstruments2021-12-31SC352870ns10:Originalns5:Non-currentFinancialInstruments2022-12-31SC352870ns10:Originalns5:Non-currentFinancialInstruments2021-12-31SC352870ns5:ShareCapitalns10:Original2022-12-31SC352870ns5:ShareCapitalns10:Original2021-12-31SC352870ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-31SC352870ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-31SC352870ns10:Originalns10:RegisteredOffice2022-01-012022-12-31SC352870ns10:Originalns5:MotorVehicles2022-01-012022-12-31SC352870ns10:Original2021-01-012021-12-31SC352870ns10:Original2021-12-31
REGISTERED NUMBER: SC352870 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

LYNMAC CONTRACTS LTD

LYNMAC CONTRACTS LTD (REGISTERED NUMBER: SC352870)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


LYNMAC CONTRACTS LTD (REGISTERED NUMBER: SC352870)

ABRIDGED BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,248 9,664

CURRENT ASSETS
Stocks 3,550 -
Debtors 5,504 14,018
Cash at bank 3,389 1,855
12,443 15,873
CREDITORS
Amounts falling due within one year 5,965 6,210
NET CURRENT ASSETS 6,478 9,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,726

19,327

CREDITORS
Amounts falling due after more than one
year

5,642

7,742
NET ASSETS 8,084 11,585

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,984 11,485
SHAREHOLDERS' FUNDS 8,084 11,585

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

LYNMAC CONTRACTS LTD (REGISTERED NUMBER: SC352870)

ABRIDGED BALANCE SHEET - continued
31 December 2022



The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





H McLaughlin - Director


LYNMAC CONTRACTS LTD (REGISTERED NUMBER: SC352870)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Lynmac Contracts Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC352870

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

LYNMAC CONTRACTS LTD (REGISTERED NUMBER: SC352870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 15,995
DEPRECIATION
At 1 January 2022 6,331
Charge for year 2,416
At 31 December 2022 8,747
NET BOOK VALUE
At 31 December 2022 7,248
At 31 December 2021 9,664

5. ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by the director.