2022-10-012023-09-302023-09-30false10958289L J LYNCH ACCOUNTING 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L J LYNCH ACCOUNTING LIMITED

Registered Number
10958289
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

L J LYNCH ACCOUNTING LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

LYNCH, Lisa Jayne

Registered Address

325 St. Johns Road
Clacton-On-Sea
CO16 8DE

Registered Number

10958289 (England and Wales)
L J LYNCH ACCOUNTING LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5-2,200
Tangible assets61,3512,457
1,3514,657
Current assets
Debtors710,5318,015
Cash at bank and on hand5,9622,349
16,49310,364
Creditors amounts falling due within one year8(11,078)(11,852)
Net current assets (liabilities)5,415(1,488)
Total assets less current liabilities6,7663,169
Net assets6,7663,169
Capital and reserves
Called up share capital100100
Profit and loss account6,6663,069
Shareholders' funds6,7663,169
The financial statements were approved and authorised for issue by the Director on 22 November 2023, and are signed on its behalf by:
LYNCH, Lisa Jayne
Director
Registered Company No. 10958289
L J LYNCH ACCOUNTING LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
An intangible is an identifiable non-monetary asset without physical substance.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information
Director Only

20232022
Average number of employees during the year00
5.Intangible assets

Total

£
Cost or valuation
At 01 October 2211,000
At 30 September 2311,000
Amortisation and impairment
At 01 October 228,800
Charge for year2,200
At 30 September 2311,000
Net book value
At 30 September 23-
At 30 September 222,200
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 October 225,541
At 30 September 235,541
Depreciation and impairment
At 01 October 223,083
Charge for year1,107
At 30 September 234,190
Net book value
At 30 September 231,351
At 30 September 222,457
7.Debtors

2023

2022

££
Trade debtors / trade receivables10,5308,015
Other debtors1-
Total10,5318,015
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,1254,843
Taxation and social security6,9537,009
Total11,07811,852
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.