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REGISTERED NUMBER: 10418199 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Lynx Construction Limited

Lynx Construction Limited (Registered number: 10418199)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lynx Construction Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Emerson





REGISTERED OFFICE: West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB





REGISTERED NUMBER: 10418199 (England and Wales)





ACCOUNTANTS: Malcolm Jones & Co LLP
Accountants and Business Advisors
West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB

Lynx Construction Limited (Registered number: 10418199)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,615 126,336

CURRENT ASSETS
Debtors 5 420,069 600,930
Cash at bank 176,899 276,526
596,968 877,456
CREDITORS
Amounts falling due within one year 6 379,213 432,936
NET CURRENT ASSETS 217,755 444,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,370

570,856

CREDITORS
Amounts falling due after more than one
year

7

(70,835

)

(101,649

)

PROVISIONS FOR LIABILITIES (28,529 ) (31,585 )
NET ASSETS 256,006 437,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 255,906 437,522
SHAREHOLDERS' FUNDS 256,006 437,622

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

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

Lynx Construction Limited (Registered number: 10418199)

Balance Sheet - continued
31 October 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 19 March 2024 and were signed by:





R Emerson - Director


Lynx Construction Limited (Registered number: 10418199)

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

1. STATUTORY INFORMATION

Lynx Construction 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.

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 represents the net invoice value of sales, excluding value added tax and includes an appropriate amount for work undertaken on incomplete contracts at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

Lynx Construction Limited (Registered number: 10418199)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 165,047
Additions 57,151
At 31 October 2023 222,198
DEPRECIATION
At 1 November 2022 38,711
Charge for year 45,872
At 31 October 2023 84,583
NET BOOK VALUE
At 31 October 2023 137,615
At 31 October 2022 126,336

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 145,641
DEPRECIATION
At 1 November 2022 27,506
Charge for year 29,534
At 31 October 2023 57,040
NET BOOK VALUE
At 31 October 2023 88,601
At 31 October 2022 118,135

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 170,148 388,281
Other debtors 249,921 212,649
420,069 600,930

Lynx Construction Limited (Registered number: 10418199)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,171 9,874
Hire purchase contracts 21,167 21,167
Trade creditors 221,541 299,893
Taxation and social security 115,192 93,003
Other creditors 11,142 8,999
379,213 432,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,345 26,414
Hire purchase contracts 54,490 75,235
70,835 101,649

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.23 31.10.22
£    £   
R Emerson
Balance outstanding at start of year 166,252 108,753
Amounts advanced 39,869 96,499
Amounts repaid (35,000 ) (39,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 171,121 166,252

The loan to the director is interest free and repayable on demand.