Company Registration No. 10527048 (England and Wales)
LynnTherm Limited
Unaudited accounts
for the year ended 31 December 2023
LynnTherm Limited
Unaudited accounts
Contents
LynnTherm Limited
Company Information
for the year ended 31 December 2023
Director
Mr Stephen William Smith
Company Number
10527048 (England and Wales)
Registered Office
ORCHARD LODGE
HILL ROAD, MIDDLETON
KING'S LYNN
PE32 1RW
ENGLAND
Accountants
Grow Your Business East Anglia Ltd
30 Market Place
Swaffham
Norfolk
PE37 7QH
LynnTherm Limited
Accountants' report
Accountants' report to the director of LynnTherm Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LynnTherm Limited for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LynnTherm Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of LynnTherm Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LynnTherm Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LynnTherm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LynnTherm Limited. You consider that LynnTherm Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LynnTherm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Grow Your Business East Anglia Ltd
30 Market Place
Swaffham
Norfolk
PE37 7QH
9 February 2024
LynnTherm Limited
Statement of financial position
as at 31 December 2023
Tangible assets
28,899
36,700
Cash at bank and in hand
97,740
130,109
Creditors: amounts falling due within one year
(80,388)
(85,909)
Net current assets
89,019
74,345
Net assets
117,918
111,045
Called up share capital
100
100
Profit and loss account
117,818
110,945
Shareholders' funds
117,918
111,045
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
Mr Stephen William Smith
Director
Company Registration No. 10527048
LynnTherm Limited
Notes to the Accounts
for the year ended 31 December 2023
LynnTherm Limited is a private company, limited by shares, registered in England and Wales, registration number 10527048. The registered office is ORCHARD LODGE, HILL ROAD, MIDDLETON, KING'S LYNN, PE32 1RW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% p.a.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
24,049
45,620
69,669
Disposals
-
(11,795)
(11,795)
At 31 December 2023
28,917
33,825
62,742
At 1 January 2023
10,876
22,093
32,969
Charge for the year
3,055
4,638
7,693
On disposals
-
(6,819)
(6,819)
At 31 December 2023
13,931
19,912
33,843
At 31 December 2023
14,986
13,913
28,899
At 31 December 2022
13,173
23,527
36,700
Amounts falling due within one year
Trade debtors
71,667
30,145
LynnTherm Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
14,119
Trade creditors
31,417
27,066
Taxes and social security
17,830
22,418
Other creditors
20,329
11,494
Loans from directors
10,812
10,812
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).