IRIS Accounts Production v24.2.0.383 01268606 Board of Directors Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary class A shares 1.00000 Ordinary class B shares 1.00000 Ordinary class C shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012686062023-03-31012686062024-03-31012686062023-04-012024-03-31012686062022-03-31012686062022-04-012023-03-31012686062023-03-3101268606ns15:EnglandWales2023-04-012024-03-3101268606ns14:PoundSterling2023-04-012024-03-3101268606ns10:Director12023-04-012024-03-3101268606ns10:Director22023-04-012024-03-3101268606ns10:Director32023-04-012024-03-3101268606ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101268606ns10:SmallEntities2023-04-012024-03-3101268606ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101268606ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101268606ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101268606ns10:FullAccounts2023-04-012024-03-3101268606ns10:OrdinaryShareClass12023-04-012024-03-3101268606ns10:OrdinaryShareClass22023-04-012024-03-3101268606ns10:OrdinaryShareClass32023-04-012024-03-3101268606ns10:CompanySecretary12023-04-012024-03-3101268606ns10:RegisteredOffice2023-04-012024-03-3101268606ns5:CurrentFinancialInstruments2024-03-3101268606ns5:CurrentFinancialInstruments2023-03-3101268606ns5:Non-currentFinancialInstruments2024-03-3101268606ns5:Non-currentFinancialInstruments2023-03-3101268606ns5:ShareCapital2024-03-3101268606ns5:ShareCapital2023-03-3101268606ns5:RetainedEarningsAccumulatedLosses2024-03-3101268606ns5:RetainedEarningsAccumulatedLosses2023-03-3101268606ns5:LeaseholdImprovements2023-04-012024-03-3101268606ns5:PlantMachinery2023-04-012024-03-3101268606ns5:FurnitureFittings2023-04-012024-03-3101268606ns5:MotorVehicles2023-04-012024-03-3101268606ns5:ComputerEquipment2023-04-012024-03-3101268606ns5:LeaseholdImprovements2023-03-3101268606ns5:PlantMachinery2023-03-3101268606ns5:FurnitureFittings2023-03-3101268606ns5:LeaseholdImprovements2024-03-3101268606ns5:PlantMachinery2024-03-3101268606ns5:FurnitureFittings2024-03-3101268606ns5:LeaseholdImprovements2023-03-3101268606ns5:PlantMachinery2023-03-3101268606ns5:FurnitureFittings2023-03-3101268606ns5:MotorVehicles2023-03-3101268606ns5:ComputerEquipment2023-03-3101268606ns5:MotorVehicles2024-03-3101268606ns5:ComputerEquipment2024-03-3101268606ns5:MotorVehicles2023-03-3101268606ns5:ComputerEquipment2023-03-3101268606ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101268606ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101268606ns10:OrdinaryShareClass12024-03-3101268606ns10:OrdinaryShareClass22024-03-3101268606ns10:OrdinaryShareClass32024-03-31
REGISTERED NUMBER: 01268606 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ERIC LYONS LIMITED

ERIC LYONS LIMITED (REGISTERED NUMBER: 01268606)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERIC LYONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: David Lyons
Nicholas Mark Lyons
Daniel Peter Lyons





SECRETARY: David Lyons





REGISTERED OFFICE: 1666 High Street
Knowle
Solihull
West Midlands
B93 0LY





REGISTERED NUMBER: 01268606 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

ERIC LYONS LIMITED (REGISTERED NUMBER: 01268606)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 365,844 363,524

CURRENT ASSETS
Stocks 52,658 43,545
Debtors 5 42,043 28,105
Cash at bank and in hand 53,583 106,031
148,284 177,681
CREDITORS
Amounts falling due within one year 6 258,010 206,579
NET CURRENT LIABILITIES (109,726 ) (28,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,118

334,626

CREDITORS
Amounts falling due after more than one
year

7

(167,172

)

(203,604

)

PROVISIONS FOR LIABILITIES (85,249 ) (46,451 )
NET ASSETS 3,697 84,571

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 3,547 84,421
SHAREHOLDERS' FUNDS 3,697 84,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ERIC LYONS LIMITED (REGISTERED NUMBER: 01268606)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




David Lyons - Director Nicholas Mark Lyons - Director




Daniel Peter Lyons - Director


ERIC LYONS LIMITED (REGISTERED NUMBER: 01268606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Eric Lyons 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 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ERIC LYONS LIMITED (REGISTERED NUMBER: 01268606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 April 2023 224,986 306,518 241,562
Additions - 20,553 36,000
At 31 March 2024 224,986 327,071 277,562
DEPRECIATION
At 1 April 2023 77,694 180,817 161,281
Charge for year 14,729 21,938 17,442
At 31 March 2024 92,423 202,755 178,723
NET BOOK VALUE
At 31 March 2024 132,563 124,316 98,839
At 31 March 2023 147,292 125,701 80,281

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 23,975 14,597 811,638
Additions - 2,470 59,023
At 31 March 2024 23,975 17,067 870,661
DEPRECIATION
At 1 April 2023 14,582 13,740 448,114
Charge for year 1,878 716 56,703
At 31 March 2024 16,460 14,456 504,817
NET BOOK VALUE
At 31 March 2024 7,515 2,611 365,844
At 31 March 2023 9,393 857 363,524

ERIC LYONS LIMITED (REGISTERED NUMBER: 01268606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 28,372 8,942
Other debtors 13,671 19,163
42,043 28,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 20,309 33,524
Trade creditors 108,539 71,408
Taxation and social security 84,047 58,169
Other creditors 45,115 43,478
258,010 206,579

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 167,172 203,604

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
75 Ordinary class A shares 1 75 75
50 Ordinary class B shares 1 50 50
25 Ordinary class C shares 1 25 25
150 150