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REGISTERED NUMBER: 06753544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lyncade Limited

Lyncade Limited (Registered number: 06753544)

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


Lyncade Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss Lynn Annette Burgess
Mr Graham Cade





SECRETARY: Ms Kathleen Mills





REGISTERED OFFICE: 74a High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 06753544 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Lyncade Limited (Registered number: 06753544)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 886,716 835,644
886,716 835,644

CURRENT ASSETS
Debtors 6 1,331,477 885,491
Cash at bank and in hand 361,354 233,874
1,692,831 1,119,365
CREDITORS
Amounts falling due within one year 7 1,429,898 924,623
NET CURRENT ASSETS 262,933 194,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149,649

1,030,386

CREDITORS
Amounts falling due after more than one year 8 (71,337 ) (94,108 )

PROVISIONS FOR LIABILITIES (101,562 ) (99,197 )
NET ASSETS 976,750 837,081

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 926,750 787,081
976,750 837,081

Lyncade Limited (Registered number: 06753544)

Balance Sheet - continued
31 March 2024


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.

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 30 September 2024 and were signed on its behalf by:




Miss Lynn Annette Burgess - Director



Mr Graham Cade - Director


Lyncade Limited (Registered number: 06753544)

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


1. STATUTORY INFORMATION

Lyncade 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 5 (2023 - 5 ) .

Lyncade Limited (Registered number: 06753544)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 468,522 1,481,206 3,725 1,953,453
Additions - 259,017 - 259,017
Disposals - (104,648 ) - (104,648 )
At 31 March 2024 468,522 1,635,575 3,725 2,107,822
DEPRECIATION
At 1 April 2023 90,693 1,023,473 3,643 1,117,809
Charge for year 7,556 172,129 27 179,712
Eliminated on disposal - (76,415 ) - (76,415 )
At 31 March 2024 98,249 1,119,187 3,670 1,221,106
NET BOOK VALUE
At 31 March 2024 370,273 516,388 55 886,716
At 31 March 2023 377,829 457,733 82 835,644

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,070,242 720,256
Amounts owed by associates 261,235 165,235
1,331,477 885,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,436 28,464
Trade creditors 1,251,992 788,832
Taxation and social security 144,072 93,929
Other creditors 13,398 13,398
1,429,898 924,623

Lyncade Limited (Registered number: 06753544)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 71,337 94,108

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 29,167 39,167

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Miss Lynn Annette Burgess
Balance outstanding at start of year (2,349 ) (7,544 )
Amounts advanced - 5,195
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,349 ) (2,349 )

Mr Graham Cade
Balance outstanding at start of year (1,039 ) (7,886 )
Amounts advanced - 6,847
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,039 ) (1,039 )

The above loan was interest free to company and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The directors believe there were no ultimate controlling party.