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REGISTERED NUMBER: 03407384 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lynbond Ltd

Lynbond Ltd (Registered number: 03407384)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lynbond Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Smith





REGISTERED OFFICE: c/o ABC Accounting Services
Unit 1 Sandars Road
Heapham Road Industrial Estate
Gainsborough
Lincolnshire
DN21 1RZ





REGISTERED NUMBER: 03407384 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Lynbond Ltd (Registered number: 03407384)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,136 15,690

CURRENT ASSETS
Stocks 266,400 295,000
Debtors 5 206,943 207,139
Cash at bank and in hand 140,554 101,943
613,897 604,082
CREDITORS
Amounts falling due within one year 6 158,977 157,303
NET CURRENT ASSETS 454,920 446,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,056

462,469

CREDITORS
Amounts falling due after more than one
year

7

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (3,534 ) (2,981 )
NET ASSETS 451,355 435,321

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 451,255 435,221
451,355 435,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Lynbond Ltd (Registered number: 03407384)

Balance Sheet - continued
31 December 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 12 March 2024 and were signed by:





A Smith - Director


Lynbond Ltd (Registered number: 03407384)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lynbond Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Lynbond Ltd (Registered number: 03407384)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 18,739 25,792 44,531
Additions 950 2,208 3,158
At 31 December 2023 19,689 28,000 47,689
DEPRECIATION
At 1 January 2023 13,589 15,252 28,841
Charge for year 1,525 3,187 4,712
At 31 December 2023 15,114 18,439 33,553
NET BOOK VALUE
At 31 December 2023 4,575 9,561 14,136
At 31 December 2022 5,150 10,540 15,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 98,994 107,824
Amounts owed by group undertakings 86,720 86,720
Other debtors 4,000 5,200
Directors' current accounts 9,440 -
Prepayments 7,789 7,395
206,943 207,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 63,661 40,677
Tax 55,048 56,199
VAT 27,491 32,822
Other creditors 1,277 960
Directors' current accounts - 14,645
Accrued expenses 1,500 2,000
158,977 157,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

Lynbond Ltd (Registered number: 03407384)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A Smith
Balance outstanding at start of year (14,645 ) (15,907 )
Amounts advanced 24,085 1,262
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,440 (14,645 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Smith.