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REGISTERED NUMBER: 03219461 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MACLYNN LIMITED

MACLYNN LIMITED (REGISTERED NUMBER: 03219461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MACLYNN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr S G Ward





SECRETARY:





REGISTERED OFFICE: 10 Station New Road
Brundall
Norwich
Norfolk
NR13 5PQ





REGISTERED NUMBER: 03219461 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

MACLYNN LIMITED (REGISTERED NUMBER: 03219461)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 525 700

CURRENT ASSETS
Debtors 5 1,605 2,259
Investments 6 6,182 1,420
Cash at bank 343,599 351,194
351,386 354,873
CREDITORS
Amounts falling due within one year 7 (12,685 ) (11,737 )
NET CURRENT ASSETS 338,701 343,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,226

343,836

PROVISIONS FOR LIABILITIES 8 (100 ) (133 )
NET ASSETS 339,126 343,703

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 339,125 343,702
SHAREHOLDERS' FUNDS 339,126 343,703

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

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

MACLYNN LIMITED (REGISTERED NUMBER: 03219461)

BALANCE SHEET - continued
31 JULY 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 11 April 2024 and were signed by:





Mr S G Ward - Director


MACLYNN LIMITED (REGISTERED NUMBER: 03219461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Maclynn 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 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.

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.

Current asset investments
These are stated at the lower of cost or net realisable value.

3. EMPLOYEES AND DIRECTORS

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

MACLYNN LIMITED (REGISTERED NUMBER: 03219461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 19,510
DEPRECIATION
At 1 August 2022 18,810
Charge for year 175
At 31 July 2023 18,985
NET BOOK VALUE
At 31 July 2023 525
At 31 July 2022 700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 256 364
Other debtors 1,349 1,895
1,605 2,259

6. CURRENT ASSET INVESTMENTS
31.7.23 31.7.22
£    £   
Cryptocurrency 6,182 1,420

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 12,685 11,737

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 100 133

Deferred
tax
£   
Balance at 1 August 2022 133
Credit to Income Statement during year (33 )
Balance at 31 July 2023 100

MACLYNN LIMITED (REGISTERED NUMBER: 03219461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

10. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the director. Amounts charged to the profit and loss account were £4,400 for the year (2022: £4,800). There were no outstanding or prepaid contributions at the balance sheet date.