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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
Page
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Lynwood Fitted Furniture Limited Company Information for the year ended 31 March 2023
Director
Charles Buckman
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
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Lynwood Fitted Furniture Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,020 
12,024 
Tangible assets
2,129 
2,727 
12,149 
14,751 
Current assets
Inventories
1,180 
180 
Cash at bank and in hand
2,696 
7,825 
3,876 
8,005 
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)
Net assets
1,923 
1,897 
Capital and reserves
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
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Lynwood Fitted Furniture Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
Turnover
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:
Plant & machinery
15%
Motor vehicles
25%
Intangible fixed assets
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
50,100 
At 31 March 2023
50,100 
Amortisation
At 1 April 2022
38,076 
Charge for the year
2,004 
At 31 March 2023
40,080 
Net book value
At 31 March 2023
10,020 
At 31 March 2022
12,024 
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Lynwood Fitted Furniture Limited Notes to the Accounts for the year ended 31 March 2023
5
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 
Depreciation
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 
Net book value
At 31 March 2023
504 
1,625 
2,129 
At 31 March 2022
593 
2,134 
2,727 
6
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 
Trade creditors
859 
2,204 
Taxes and social security
1,562 
1,232 
Loans from directors
2,893 
4,907 
7,614 
12,043 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,488 
8,816 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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