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REGISTERED NUMBER: 05738824 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

D W LYNN LIMITED

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D W LYNN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D Lynn



SECRETARY: Mrs M Lynn



REGISTERED OFFICE: Cliveden
Sandybank
Chipping
Preston
Lancashire
PR3 2GA



REGISTERED NUMBER: 05738824 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
East Lothian
EH11 3XP

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 95,155 94,709
95,155 94,709

CURRENT ASSETS
Debtors 7 242,537 250,403
Prepayments and accrued income 2,956 1,608
Cash at bank 254,698 175,941
500,191 427,952
CREDITORS
Amounts falling due within one year 8 127,696 97,272
NET CURRENT ASSETS 372,495 330,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,650

425,389

CREDITORS
Amounts falling due after more than one
year

9

-

(498

)

PROVISIONS FOR LIABILITIES (18,079 ) (17,995 )
NET ASSETS 449,571 406,896

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 449,471 406,796
SHAREHOLDERS' FUNDS 449,571 406,896

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

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

The director acknowledges his 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.

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





D Lynn - Director


D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

D W Lynn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 35,000
AMORTISATION
At 1 April 2022
and 31 March 2023 35,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 70,482 119,003 189,485
Additions 1,918 34,998 36,916
Disposals - (56,239 ) (56,239 )
At 31 March 2023 72,400 97,762 170,162
DEPRECIATION
At 1 April 2022 33,521 61,255 94,776
Charge for year 5,832 15,079 20,911
Eliminated on disposal - (40,680 ) (40,680 )
At 31 March 2023 39,353 35,654 75,007
NET BOOK VALUE
At 31 March 2023 33,047 62,108 95,155
At 31 March 2022 36,961 57,748 94,709

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 242,537 250,403

D W LYNN LIMITED (REGISTERED NUMBER: 05738824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 498 5,980
Tax 31,008 40,162
Social security and other taxes 4,687 (2,320 )
VAT 41,923 50,333
Directors current account 46,880 417
Accrued expenses 2,700 2,700
127,696 97,272

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 498

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £46,000 (2022 - £72,930) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Lynn.