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REGISTERED NUMBER: SC489643 (Scotland)






























Financial Statements for the Year Ended 31 October 2023

for

Lynturk Engineering Limited

Lynturk Engineering Limited (Registered number: SC489643)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lynturk Engineering Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S D Shirreffs





SECRETARY:





REGISTERED OFFICE: 19 Bon Accord Crescent
Aberdeenshire
AB11 6DE





REGISTERED NUMBER: SC489643 (Scotland)





ACCOUNTANTS: A J Croll & Company
19 Bon Accord Crescent
Aberdeen
Aberdeenshire
AB11 6DE

Lynturk Engineering Limited (Registered number: SC489643)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 5 8,822 9,022
Cash at bank 3,967 5,175
12,789 14,197
CREDITORS
Amounts falling due within one year 6 43,588 31,265
NET CURRENT LIABILITIES (30,799 ) (17,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,799

)

(17,068

)

CREDITORS
Amounts falling due after more than one
year

7

17,598

20,437
NET LIABILITIES (48,397 ) (37,505 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (48,399 ) (37,507 )
SHAREHOLDERS' FUNDS (48,397 ) (37,505 )

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

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

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 26 July 2024 and were signed by:





S D Shirreffs - Director


Lynturk Engineering Limited (Registered number: SC489643)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Lynturk Engineering Limited is a private company, limited by shares , registered in Scotland. 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 accounts are prepared on a going concern basis because of the continuing financial support provided by the director.

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

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 cost

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.

3. EMPLOYEES AND DIRECTORS

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

Lynturk Engineering Limited (Registered number: SC489643)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 724
DEPRECIATION
At 1 November 2022
and 31 October 2023 724
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 8,822 9,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 3,309 3,309
Taxation and social security 34,774 25,339
Other creditors 5,505 2,617
43,588 31,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 17,598 20,437

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,661 12,500

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Shirreffs.