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REGISTERED NUMBER: 07634546 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 May 2023

for

Lynwood Brown Limited

Lynwood Brown Limited (Registered number: 07634546)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lynwood Brown Limited (Registered number: 07634546)

Balance Sheet
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,906 4,898

CURRENT ASSETS
Debtors 5 9,769 57,888

CREDITORS
Amounts falling due within one year 6 41,136 32,343
NET CURRENT (LIABILITIES)/ASSETS (31,367 ) 25,545
TOTAL ASSETS LESS CURRENT LIABILITIES (28,461 ) 30,443

CREDITORS
Amounts falling due after more than one year 7 (31,181 ) (40,011 )

PROVISIONS FOR LIABILITIES (952 ) (931 )
NET LIABILITIES (60,594 ) (10,499 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (60,596 ) (10,501 )
SHAREHOLDERS' FUNDS (60,594 ) (10,499 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr G Brown - Director


Lynwood Brown Limited (Registered number: 07634546)

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

1. STATUTORY INFORMATION

Lynwood Brown Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07634546

Registered office: Sundawn
Scot Hay Road
Alsagers Bank
Stoke-on-Trent
Staffordshire
ST7 8BW

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


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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The directors are prepared to continue to support the development of the company for at least the next year.

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Lynwood Brown Limited (Registered number: 07634546)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 May 2022 1,000 850 24,391 1,073 27,314
Disposals - - (6,750 ) - (6,750 )
At 30 May 2023 1,000 850 17,641 1,073 20,564
DEPRECIATION
At 31 May 2022 833 29 20,834 720 22,416
Charge for year 25 123 589 53 790
Eliminated on disposal - - (5,548 ) - (5,548 )
At 30 May 2023 858 152 15,875 773 17,658
NET BOOK VALUE
At 30 May 2023 142 698 1,766 300 2,906
At 30 May 2022 167 821 3,557 353 4,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 50,553
Other debtors 9,769 7,335
9,769 57,888

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,855 17,298
Trade creditors 3,476 5,357
Taxation and social security 16,961 1,187
Other creditors 2,844 8,501
41,136 32,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,181 40,011

Lynwood Brown Limited (Registered number: 07634546)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr G Brown
Balance outstanding at start of year (6,042 ) (36 )
Amounts advanced 135,143 94,377
Amounts repaid (126,490 ) (100,383 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,611 (6,042 )