Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Mr T Lynn 07/01/2021 09 October 2024 The principal activity of the company during the financial year was that of providing construction and building services. 13119890 2024-01-31 13119890 bus:Director1 2024-01-31 13119890 core:CurrentFinancialInstruments 2024-01-31 13119890 core:CurrentFinancialInstruments 2023-01-31 13119890 2023-01-31 13119890 core:ShareCapital 2024-01-31 13119890 core:ShareCapital 2023-01-31 13119890 core:RetainedEarningsAccumulatedLosses 2024-01-31 13119890 core:RetainedEarningsAccumulatedLosses 2023-01-31 13119890 bus:OrdinaryShareClass1 2024-01-31 13119890 bus:OrdinaryShareClass2 2024-01-31 13119890 2023-02-01 2024-01-31 13119890 bus:FilletedAccounts 2023-02-01 2024-01-31 13119890 bus:SmallEntities 2023-02-01 2024-01-31 13119890 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13119890 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13119890 bus:Director1 2023-02-01 2024-01-31 13119890 2022-02-01 2023-01-31 13119890 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13119890 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 13119890 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 13119890 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13119890 (England and Wales)

LYNN CONSTRUCTION AND GROUNDWORKS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

LYNN CONSTRUCTION AND GROUNDWORKS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

LYNN CONSTRUCTION AND GROUNDWORKS LIMITED

BALANCE SHEET

As at 31 January 2024
LYNN CONSTRUCTION AND GROUNDWORKS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
2024 2023
£ £
Current assets
Debtors 3 36,041 13,333
Cash at bank and in hand 1,548 1,074
37,589 14,407
Creditors: amounts falling due within one year 4 ( 13,353) ( 6,917)
Net current assets 24,236 7,490
Total assets less current liabilities 24,236 7,490
Net assets 24,236 7,490
Capital and reserves
Called-up share capital 5 2,000 2,000
Profit and loss account 22,236 5,490
Total shareholders' funds 24,236 7,490

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Lynn Construction and Groundworks Limited (registered number: 13119890) were approved and authorised for issue by the Director on 09 October 2024. They were signed on its behalf by:

Mr T Lynn
Director
LYNN CONSTRUCTION AND GROUNDWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
LYNN CONSTRUCTION AND GROUNDWORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lynn Construction and Groundworks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Debtors

2024 2023
£ £
Trade debtors 2,857 0
Other debtors 33,184 13,333
36,041 13,333

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 13,353 6,917

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each (2023: nil shares) 1,000 0
1,000 Ordinary A shares of £ 1.00 each (2023: nil shares) 1,000 0
2,000 0

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director loan advances 19,236 7,627

Interest at a rate of 2% is charged on the loan advances throughout the year. and the loan is repayable on demand.