REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st July 2023 |
for |
Lynton Exports (Alsager) Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st August 2022 |
and 31st July 2023 |
AMORTISATION |
At 1st August 2022 |
and 31st July 2023 |
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 |
Additions |
At 31st July 2023 |
DEPRECIATION |
At 1st August 2022 |
Charge for year |
At 31st July 2023 |
NET BOOK VALUE |
At 31st July 2023 |
At 31st July 2022 |
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. |