Company Registration No. 04747043 (England and Wales)
Lynwood Fitted Furniture Limited
Unaudited accounts
for the year ended 31 March 2023
Lynwood Fitted Furniture Limited
Unaudited accounts
Contents
Lynwood Fitted Furniture Limited
Company Information
for the year ended 31 March 2023
Company Number
04747043 (England and Wales)
Registered Office
14 Rowantree Road
Newton Abbot
Devon
TQ12 4LL
England
Accountants
M A Walker & Associates
Willow Ridge
1 Whitebeam Close
Paignton
Devon
TQ3 3GA
Lynwood Fitted Furniture Limited
Statement of financial position
as at 31 March 2023
Intangible assets
10,020
12,024
Tangible assets
2,129
2,727
Cash at bank and in hand
2,696
7,825
Creditors: amounts falling due within one year
(7,614)
(12,043)
Net current liabilities
(3,738)
(4,038)
Total assets less current liabilities
8,411
10,713
Creditors: amounts falling due after more than one year
(6,488)
(8,816)
Called up share capital
100
100
Profit and loss account
1,823
1,797
Shareholders' funds
1,923
1,897
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 15 November 2023 and were signed on its behalf by
Charles Buckman
Director
Company Registration No. 04747043
Lynwood Fitted Furniture Limited
Notes to the Accounts
for the year ended 31 March 2023
Lynwood Fitted Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 04747043. The registered office is 14 Rowantree Road, Newton Abbot, Devon, TQ12 4LL, England.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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Intangible fixed assets
Goodwill
Lynwood Fitted Furniture Limited
Notes to the Accounts
for the year ended 31 March 2023
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
6,124
8,995
15,119
At 31 March 2023
6,124
8,995
15,119
At 1 April 2022
5,531
6,861
12,392
Charge for the year
89
509
598
At 31 March 2023
5,620
7,370
12,990
At 31 March 2023
504
1,625
2,129
At 31 March 2022
593
2,134
2,727
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,300
2,286
Obligations under finance leases and hire purchase contracts
-
1,414
Taxes and social security
1,562
1,232
Loans from directors
2,893
4,907
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).