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REGISTERED NUMBER: 14017805 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lynton & Lynton Limited

Lynton & Lynton Limited (Registered number: 14017805)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lynton & Lynton Limited (Registered number: 14017805)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 38,400 43,200
Tangible assets 5 64,381 47,335
102,781 90,535

CURRENT ASSETS
Stocks 43,895 59,320
Debtors 6 272,299 215,583
316,194 274,903
CREDITORS
Amounts falling due within one year 7 (370,264 ) (328,581 )
NET CURRENT LIABILITIES (54,070 ) (53,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,711

36,857

CREDITORS
Amounts falling due after more than one
year

8

(18,941

)

(15,178

)

PROVISIONS FOR LIABILITIES (11,887 ) (5,099 )
NET ASSETS 17,883 16,580

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 17,877 16,574
17,883 16,580

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.

Lynton & Lynton Limited (Registered number: 14017805)

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 12 June 2024 and were signed on its behalf by:





Mr J H Magahy - Director


Lynton & Lynton Limited (Registered number: 14017805)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lynton & Lynton Limited is a private company, limited by shares, domiciled in England, registration number 14017805. The registered office is Unit 33 Hopkinson Way, West Portway Industrial Estate, Andover, England, SP10 3ZE.

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 represents net invoiced sales of goods and services in respect of washroom supplies, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Lynton & Lynton Limited (Registered number: 14017805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 48,000
AMORTISATION
At 1 April 2023 4,800
Charge for year 4,800
At 31 March 2024 9,600
NET BOOK VALUE
At 31 March 2024 38,400
At 31 March 2023 43,200

Lynton & Lynton Limited (Registered number: 14017805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 61,530
Additions 30,500
At 31 March 2024 92,030
DEPRECIATION
At 1 April 2023 14,195
Charge for year 13,454
At 31 March 2024 27,649
NET BOOK VALUE
At 31 March 2024 64,381
At 31 March 2023 47,335

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 52,406
Additions 30,500
At 31 March 2024 82,906
DEPRECIATION
At 1 April 2023 11,914
Charge for year 10,759
At 31 March 2024 22,673
NET BOOK VALUE
At 31 March 2024 60,233
At 31 March 2023 40,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 243,806 155,143
Other debtors 28,493 60,440
272,299 215,583

Lynton & Lynton Limited (Registered number: 14017805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 161,731 101,341
Hire purchase contracts 21,008 14,607
Trade creditors 62,803 55,348
Taxation and social security 54,638 48,462
Other creditors 70,084 108,823
370,264 328,581

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 18,941 15,178

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 39,949 29,785

Balances due on hire purchase agreements are secured against the assets to which they relate.