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REGISTERED NUMBER: 10125581 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

J J Lynch Ground Works Limited

J J Lynch Ground Works Limited (Registered number: 10125581)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J J Lynch Ground Works Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J J Lynch





REGISTERED OFFICE: 60 Fairbank House
13 Beaufort Square
London
NW9 4FH





REGISTERED NUMBER: 10125581 (England and Wales)





ACCOUNTANT: Austin,Taylor
16 Dover Street
Canterbury
Kent
CT1 3HD

J J Lynch Ground Works Limited (Registered number: 10125581)

Balance Sheet
30 April 2023

30.4.23 30.4.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 223 -

CURRENT ASSETS
Debtors 5 29,971 46,180
Cash at bank 2,141 790
32,112 46,970
CREDITORS
Amounts falling due within one year 6 24,696 26,735
NET CURRENT ASSETS 7,416 20,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,639

20,235

CREDITORS
Amounts falling due after more than one
year

7

(7,293

)

(10,296

)

PROVISIONS FOR LIABILITIES (43 ) -
NET ASSETS 303 9,939

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 203 9,839
SHAREHOLDERS' FUNDS 303 9,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 18 January 2024 and were signed by:





J J Lynch - Director


J J Lynch Ground Works Limited (Registered number: 10125581)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

J J Lynch Ground Works 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

J J Lynch Ground Works Limited (Registered number: 10125581)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

J J Lynch Ground Works Limited (Registered number: 10125581)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 298
At 30 April 2023 298
DEPRECIATION
Charge for year 75
At 30 April 2023 75
NET BOOK VALUE
At 30 April 2023 223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
as restated
£    £   
Trade debtors 577 -
Other debtors 24,269 23,984
Directors' loan accounts 4,289 21,360
Prepayments 836 836
29,971 46,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
as restated
£    £   
Bank loans and overdrafts (see note 8) 2,612 2,612
Trade creditors 231 -
Tax 20,247 21,835
Accruals and deferred income 1,606 2,288
24,696 26,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
as restated
£    £   
Bank loans (see note 8) 7,293 10,296

8. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
as restated
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,612 2,612

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,612 2,612

J J Lynch Ground Works Limited (Registered number: 10125581)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. LOANS - continued
30.4.23 30.4.22
as restated
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 4,681 7,684

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: as restated
£    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2022 9,839
Profit for the year 55,064
Dividends (64,700 )
At 30 April 2023 203

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
as restated
£    £   
J J Lynch
Balance outstanding at start of year 21,360 16,086
Amounts advanced 75,947 76,980
Amounts repaid (93,018 ) (71,706 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,289 21,360

The directors account had interest of 2.00% pa applied to the overdrawn account. The maximum overdrawn balance for the year was £30,680.

Dividends of £66,000 were paid to the director during the financial year.