Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09277661 Mr Steven Russell Mrs Jayne Russell Mr Steven Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09277661 2022-10-31 09277661 2023-10-31 09277661 2022-11-01 2023-10-31 09277661 frs-core:CurrentFinancialInstruments 2023-10-31 09277661 frs-core:Non-currentFinancialInstruments 2023-10-31 09277661 frs-core:FurnitureFittings 2023-10-31 09277661 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09277661 frs-core:FurnitureFittings 2022-10-31 09277661 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 09277661 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 09277661 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 09277661 frs-core:MotorVehicles 2022-11-01 2023-10-31 09277661 frs-core:PlantMachinery 2023-10-31 09277661 frs-core:PlantMachinery 2022-11-01 2023-10-31 09277661 frs-core:PlantMachinery 2022-10-31 09277661 frs-core:ShareCapital 2023-10-31 09277661 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09277661 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09277661 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09277661 frs-bus:SmallEntities 2022-11-01 2023-10-31 09277661 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09277661 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09277661 frs-bus:Director1 2022-11-01 2023-10-31 09277661 frs-bus:Director2 2022-11-01 2023-10-31 09277661 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 09277661 1 2022-11-01 2023-10-31 09277661 frs-core:CurrentFinancialInstruments 1 2023-10-31 09277661 frs-core:CurrentFinancialInstruments 2 2023-10-31 09277661 frs-countries:EnglandWales 2022-11-01 2023-10-31 09277661 2021-10-31 09277661 2022-10-31 09277661 2021-11-01 2022-10-31 09277661 frs-core:CurrentFinancialInstruments 2022-10-31 09277661 frs-core:Non-currentFinancialInstruments 2022-10-31 09277661 frs-core:ShareCapital 2022-10-31 09277661 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09277661 1 2021-11-01 2022-10-31 09277661 frs-core:CurrentFinancialInstruments 1 2022-10-31 09277661 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 09277661
Lynx Leasing Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09277661
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,133 10,970
7,133 10,970
CURRENT ASSETS
Stocks 5 7,071 7,129
Debtors 6 27,326 5,760
Cash at bank and in hand 24,674 17,494
59,071 30,383
Creditors: Amounts Falling Due Within One Year 7 (62,559 ) (67,339 )
NET CURRENT ASSETS (LIABILITIES) (3,488 ) (36,956 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,645 (25,986 )
Creditors: Amounts Falling Due After More Than One Year 8 (27,816 ) (33,816 )
NET LIABILITIES (24,171 ) (59,802 )
CAPITAL AND RESERVES
Called up share capital 9 (1 ) (1 )
Profit and Loss Account (24,170 ) (59,801 )
SHAREHOLDERS' FUNDS (24,171) (59,802)
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For the year ending 31 October 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 directors acknowledge their 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 Steven Russell
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lynx Leasing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09277661 . The registered office is Unit 1, The Service Station, Ely Road, Waterbeach, CB25 9PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 company has produced budgets and a cashflow for the year to the end of October 2024. The budget shows the company will reduce operating costs where possible.
For the year end October 2023 the Company returned a profit, the Company considers that the measures they have put in place are working and they will continue to operate in the same way going forward.
Accordingly the Directors believe the companys financial resources are sufficient to ensure the company will contune as a going concern for the forseeable future, and have therefore prepared the financial statements on the going concern basis. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10%
Plant & Machinery 20%
Motor Vehicles 20%
Fixtures & Fittings 10%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Mechanics 3 3
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 16,000 7,481 548 24,029
As at 31 October 2023 16,000 7,481 548 24,029
Depreciation
As at 1 November 2022 6,855 5,984 220 13,059
Provided during the period 2,285 1,497 55 3,837
As at 31 October 2023 9,140 7,481 275 16,896
Net Book Value
As at 31 October 2023 6,860 - 273 7,133
As at 1 November 2022 9,145 1,497 328 10,970
5. Stocks
2023 2022
£ £
Materials 7,071 7,129
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,326 5,760
27,326 5,760
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,992 25,876
Bank loans and overdrafts 6,000 6,684
Other taxes and social security 4,351 659
VAT 3,487 14,790
CAC 16,494 14,895
CC creditors (Current liabilities - creditors < 1 year) 565 2,765
Directors' loan accounts 1,670 1,670
62,559 67,339
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 27,816 33,816
27,816 33,816
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid (1 ) (1 )
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