Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falsemedical services3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12515529 2023-04-01 2024-03-31 12515529 2022-04-01 2023-03-31 12515529 2024-03-31 12515529 2023-03-31 12515529 2022-04-01 12515529 c:Director1 2023-04-01 2024-03-31 12515529 d:PlantMachinery 2023-04-01 2024-03-31 12515529 d:PlantMachinery 2024-03-31 12515529 d:PlantMachinery 2023-03-31 12515529 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12515529 d:CurrentFinancialInstruments 2024-03-31 12515529 d:CurrentFinancialInstruments 2023-03-31 12515529 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12515529 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12515529 d:ShareCapital 2024-03-31 12515529 d:ShareCapital 2023-03-31 12515529 d:RetainedEarningsAccumulatedLosses 2024-03-31 12515529 d:RetainedEarningsAccumulatedLosses 2023-03-31 12515529 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 12515529 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 12515529 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12515529 c:OrdinaryShareClass1 2024-03-31 12515529 c:OrdinaryShareClass1 2023-03-31 12515529 c:FRS102 2023-04-01 2024-03-31 12515529 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12515529 c:FullAccounts 2023-04-01 2024-03-31 12515529 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12515529 2 2023-04-01 2024-03-31 12515529 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12515529









FLYNN LEES CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
FLYNN LEES CONSULTING LIMITED
REGISTERED NUMBER: 12515529

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,354
4,138

  
4,354
4,138

Current assets
  

Debtors: amounts falling due within one year
 5 
940
-

Cash at bank and in hand
 6 
218,108
143,191

  
219,048
143,191

Creditors: amounts falling due within one year
 7 
(57,368)
(18,638)

Net current assets
  
 
 
161,680
 
 
124,553

Total assets less current liabilities
  
166,034
128,691

  

Net assets
  
166,034
128,691


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
165,934
128,591

  
166,034
128,691


Page 1

 
FLYNN LEES CONSULTING LIMITED
REGISTERED NUMBER: 12515529
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2024.




................................................
Matthew Flynn
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FLYNN LEES CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Flynn Lees Consulting Limited is a private company, incorporated in England and Wales, limited by its share capital.  The principal activity of the Company was the provision of pathology services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
FLYNN LEES CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 4

 
FLYNN LEES CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
10,348


Additions
3,031


Disposals
(2,009)



At 31 March 2024

11,370



Depreciation


At 1 April 2023
6,210


Charge for the year on owned assets
2,011


Disposals
(1,205)



At 31 March 2024

7,016



Net book value



At 31 March 2024
4,354



At 31 March 2023
4,138

Page 5

 
FLYNN LEES CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
217
-

Prepayments and accrued income
723
-

940
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
218,108
143,191

218,108
143,191



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
21,401
13,655

Other creditors
34,713
3,795

Accruals and deferred income
1,254
1,188

57,368
18,638



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
218,108
143,191




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 6

 
FLYNN LEES CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation


2023


£






At beginning of year
(1,552)


Charged to the profit or loss
1,552



At end of year
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100





11.


Controlling party

The Company is controlled by the director, Matthew Flynn, by virtue of his shareholding, as described in the Directors' report.

 
Page 7