1 June 2023 false No description of principal activity Taxfiler 2024.5 NI630277business:PrivateLimitedCompanyLtd2023-06-012024-05-31 NI6302772023-05-31 NI6302772023-06-012024-05-31 NI630277business:AuditExemptWithAccountantsReport2023-06-012024-05-31 NI630277business:FilletedAccounts2023-06-012024-05-31 NI6302772024-05-31 NI630277business:Director12023-06-012024-05-31 NI630277business:Director22023-06-012024-05-31 NI630277business:RegisteredOffice2023-06-012024-05-31 NI6302772023-05-31 NI630277core:WithinOneYear2024-05-31 NI630277core:WithinOneYear2023-05-31 NI630277core:AfterOneYear2024-05-31 NI630277core:AfterOneYear2023-05-31 NI630277core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 NI630277core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 NI630277core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 NI630277core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 NI630277core:PreviouslyStatedAmount2024-05-31 NI630277core:PreviouslyStatedAmount2023-05-31 NI630277business:SmallEntities2023-06-012024-05-31 NI630277countries:NorthernIreland2023-06-012024-05-31 NI630277core:LandBuildings2023-06-012024-05-31 NI630277core:PlantMachinery2023-06-012024-05-31 NI630277core:MotorVehicles2023-06-012024-05-31 NI630277core:FurnitureFittings2023-06-012024-05-31 NI630277core:Goodwill2023-05-31 NI630277core:Goodwill2024-05-31 NI630277core:Goodwill2023-06-012024-05-31 NI630277core:LandBuildings2023-05-31 NI630277core:PlantMachinery2023-05-31 NI630277core:MotorVehicles2023-05-31 NI630277core:FurnitureFittings2023-05-31 NI630277core:LandBuildings2024-05-31 NI630277core:PlantMachinery2024-05-31 NI630277core:MotorVehicles2024-05-31 NI630277core:FurnitureFittings2024-05-31 NI6302772022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. NI630277 (Northern Ireland)
Lyons N.I. Ltd. Unaudited accounts for the year ended 31 May 2024
Lyons N.I. Ltd. Unaudited accounts Contents
Page
- 2 -
Lyons N.I. Ltd. Company Information for the year ended 31 May 2024
Directors
Mr J Lyons Mr FJ Lyons
Company Number
NI630277 (Northern Ireland)
Registered Office
Lyons N.I. Ltd 26D Moygannon Road Donaghcloney Armagh BT66 7NB
Accountants
JMW 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
- 3 -
Lyons N.I. Ltd. Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,500 
12,500 
Tangible assets
359,391 
188,820 
366,891 
201,320 
Current assets
Inventories
408,136 
364,625 
Debtors
403,435 
406,840 
Cash at bank and in hand
246,844 
343,789 
1,058,415 
1,115,254 
Creditors: amounts falling due within one year
(373,551)
(333,193)
Net current assets
684,864 
782,061 
Total assets less current liabilities
1,051,755 
983,381 
Creditors: amounts falling due after more than one year
(143,711)
(144,330)
Provisions for liabilities
Other provisions
(10,278)
(13,441)
Net assets
897,766 
825,610 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
897,764 
825,608 
Shareholders' funds
897,766 
825,610 
For the year ending 31 May 2024 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 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 of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Mr FJ Lyons Director Company Registration No. NI630277
- 4 -
Lyons N.I. Ltd. Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Lyons N.I. Ltd. is a private company, limited by shares, registered in Northern Ireland, registration number NI630277. The registered office is Lyons N.I. Ltd, 26D Moygannon Road, Donaghcloney, Armagh, BT66 7NB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
2% Straight Line
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Lyons N.I. Ltd. Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
50,000 
At 31 May 2024
50,000 
Amortisation
At 1 June 2023
37,500 
Charge for the year
5,000 
At 31 May 2024
42,500 
Net book value
At 31 May 2024
7,500 
At 31 May 2023
12,500 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
133,983 
9,209 
74,890 
32,670 
250,752 
Additions
103,010 
2,016 
68,198 
10,907 
184,131 
At 31 May 2024
236,993 
11,225 
143,088 
43,577 
434,883 
Depreciation
At 1 June 2023
450 
6,205 
29,864 
25,413 
61,932 
Charge for the year
90 
1,004 
9,006 
3,460 
13,560 
At 31 May 2024
540 
7,209 
38,870 
28,873 
75,492 
Net book value
At 31 May 2024
236,453 
4,016 
104,218 
14,704 
359,391 
At 31 May 2023
133,533 
3,004 
45,026 
7,257 
188,820 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
399,828 
403,233 
Accrued income and prepayments
3,607 
3,607 
403,435 
406,840 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
40,353 
41,542 
Trade creditors
275,735 
214,696 
Taxes and social security
33,663 
53,255 
Loans from directors
20,000 
20,000 
Accruals
3,800 
3,700 
373,551 
333,193 
- 6 -
Lyons N.I. Ltd. Notes to the Accounts for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
143,711 
144,330 
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).
- 7 -