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REGISTERED NUMBER: 01440003 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Lynton Exports (Alsager) Limited

Lynton Exports (Alsager) Limited (Registered number: 01440003)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lynton Exports (Alsager) Limited

Company Information
for the Year Ended 31st July 2023







DIRECTORS: D J Sandall
Mrs E Bates
R J Sandall





REGISTERED OFFICE: 8 Sandbach Road South
Alsager
Stoke-on-Trent
Staffordshire
ST7 2LU





REGISTERED NUMBER: 01440003 (England and Wales)





ACCOUNTANTS: Hammond McNulty LLP
Bank House
Market Square
Congleton
Cheshire
CW12 1ET

Lynton Exports (Alsager) Limited (Registered number: 01440003)

Abridged Balance Sheet
31st July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 185,490 7,416
185,490 7,416

CURRENT ASSETS
Stocks 52,868 57,272
Debtors 2,945,005 2,893,813
Cash at bank and in hand 501,232 331,464
3,499,105 3,282,549
CREDITORS
Amounts falling due within one year 1,206,081 900,311
NET CURRENT ASSETS 2,293,024 2,382,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,478,514

2,389,654

CAPITAL AND RESERVES
Called up share capital 1,544 1,544
Revaluation reserve 270,659 270,659
Retained earnings 2,206,311 2,117,451
SHAREHOLDERS' FUNDS 2,478,514 2,389,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Lynton Exports (Alsager) Limited (Registered number: 01440003)

Abridged Balance Sheet - continued
31st July 2023


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 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th October 2023 and were signed on its behalf by:




D J Sandall - Director Mrs E Bates - Director




R J Sandall - Director


Lynton Exports (Alsager) Limited (Registered number: 01440003)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Lynton Exports (Alsager) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognized when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost for buildings
Plant and machinery etc - 10% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors

Directors loans (being repayable on demand ), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Lynton Exports (Alsager) Limited (Registered number: 01440003)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022
and 31st July 2023 10,000
AMORTISATION
At 1st August 2022
and 31st July 2023 10,000
NET BOOK VALUE

At 31st July 2023 -
At 31st July 2022 -

Lynton Exports (Alsager) Limited (Registered number: 01440003)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st August 2022 57,299
Additions 238,167
At 31st July 2023 295,466
DEPRECIATION
At 1st August 2022 49,883
Charge for year 60,093
At 31st July 2023 109,976
NET BOOK VALUE
At 31st July 2023 185,490
At 31st July 2022 7,416

Cost or valuation at 31st July 2023 is represented by:

Totals
£   
Valuation in 1988 375,233
Valuation in 2012 250,233
Valuation in 2013 (45,000 )
Valuation in 2019 (285,000 )
295,466

If freehold land & buildings had not been revalued it would have been included at the following historical cost:

31/7/23 31/7/22
£    £   
Cost 34,767 34,767
Aggregate depreciation 20,860 20,860

6. ULTIMATE CONTROLLING PARTY

The controlling party is Lynton Holdings Limited.