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Registered number: 11106342
Lynxstar Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Lee Michael Brian Jeans
Company Number 11106342
Registered Office Apartment 1
63 Compton Street
London
EC1V 0BN
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
Page 1
Page 2
Balance Sheet
Registered number: 11106342
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,028 5,864
7,028 5,864
CURRENT ASSETS
Debtors 5 11,065 11,412
Cash at bank and in hand 467,475 538,233
478,540 549,645
Creditors: Amounts Falling Due Within One Year 6 (21,257 ) (81,209 )
NET CURRENT ASSETS (LIABILITIES) 457,283 468,436
TOTAL ASSETS LESS CURRENT LIABILITIES 464,311 474,300
NET ASSETS 464,311 474,300
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 464,310 474,299
SHAREHOLDERS' FUNDS 464,311 474,300
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Page 3
For the year ending 31 December 2023 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 Lee Michael Brian Jeans
Director
16/08/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Lynxstar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11106342 . The registered office is Apartment 1, 63 Compton Street, London, EC1V 0BN.
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. 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. 
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.
2.3. 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:
Fixtures & Fittings 25.00% straight line method
Computer Equipment 25.00% straight line method
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.
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2.5.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. 
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established w hen there is objective evidence that the company w ill not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least tw elve months after the reporting date. If there is an unconditional right to defer settlement for at least tw elve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 8,966 5,288 14,254
Additions 4,189 - 4,189
As at 31 December 2023 13,155 5,288 18,443
Depreciation
As at 1 January 2023 3,102 5,288 8,390
Provided during the period 3,025 - 3,025
As at 31 December 2023 6,127 5,288 11,415
Net Book Value
As at 31 December 2023 7,028 - 7,028
As at 1 January 2023 5,864 - 5,864
5. Debtors
2023 2022
£ £
Due within one year
VAT - Refund - 347
Corporation tax recoverable assets 11,065 11,065
11,065 11,412
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Page 6
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 242 421
Net wages 1,989 1,830
Other creditors - 801
Accruals and deferred income 3,551 3,298
Director's loan account 15,475 74,859
21,257 81,209
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
Page 6