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Registered number: 11799108
My Business Lynq Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Lewis Ballard BBB Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 11799108
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 153 255
153 255
CURRENT ASSETS
Debtors 5 23,162 25,227
Cash at bank and in hand 188 275
23,350 25,502
Creditors: Amounts Falling Due Within One Year 6 (31,894 ) (32,112 )
NET CURRENT ASSETS (LIABILITIES) (8,544 ) (6,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,391 ) (6,355 )
NET LIABILITIES (8,391 ) (6,355 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (8,491 ) (6,455 )
SHAREHOLDERS' FUNDS (8,391) (6,355)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Graham Wakerley
Director
09/04/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2022 100 (4,608 ) (4,508)
Loss for the year and total comprehensive income - (1,847 ) (1,847)
As at 31 January 2023 and 1 February 2023 100 (6,455 ) (6,355)
Loss for the year and total comprehensive income - (2,036 ) (2,036)
As at 31 January 2024 100 (8,491 ) (8,391)
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Page 4
Notes to the Financial Statements
1. General Information
My Business Lynq Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11799108 . The registered office is Celtic House Pentwyn, Caxton Place, Cardif, CF23 8HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trade marks. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was : 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 510
As at 31 January 2024 510
Amortisation
As at 1 February 2023 255
Provided during the period 102
As at 31 January 2024 357
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 January 2024 153
As at 1 February 2023 255
5. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets - 409
VAT - 1,246
Amounts owed by other participating interests 23,162 23,572
23,162 25,227
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accrued expenses 23 241
Director's loan account 31,871 31,871
31,894 32,112
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
As at balance sheet date, the company owed to the directors £32,183 (2023 - £31,871)
The Director of My Business Lynq Limited, Graham Wakerley, is also a director of Missing The Linq Limited.
At the year end, Missing The Linq Limited owed My Business Lynq Limited £23,162 (2023: £23,572). 
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Graham Wakerley by virtue of their ownership of the issued share capital in the company.
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