Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03409796 Mr Mark Manley Mrs Jayne Manley Mrs Jayne Manley Mr M and Mrs J Manley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03409796 2023-01-31 03409796 2024-01-31 03409796 2023-02-01 2024-01-31 03409796 frs-core:CurrentFinancialInstruments 2024-01-31 03409796 frs-core:ComputerEquipment 2024-01-31 03409796 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03409796 frs-core:ComputerEquipment 2023-01-31 03409796 frs-core:ShareCapital 2024-01-31 03409796 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03409796 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03409796 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03409796 frs-bus:SmallEntities 2023-02-01 2024-01-31 03409796 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03409796 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03409796 1 2023-02-01 2024-01-31 03409796 frs-bus:Director1 2023-02-01 2024-01-31 03409796 frs-bus:Director2 2023-02-01 2024-01-31 03409796 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03409796 frs-countries:EnglandWales 2023-02-01 2024-01-31 03409796 2022-01-31 03409796 2023-01-31 03409796 2022-02-01 2023-01-31 03409796 frs-core:CurrentFinancialInstruments 2023-01-31 03409796 frs-core:ShareCapital 2023-01-31 03409796 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03409796
Lynx Machinery Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03409796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 355 473
355 473
CURRENT ASSETS
Debtors 5 3,127 4,746
Cash at bank and in hand 828 2,777
3,955 7,523
Creditors: Amounts Falling Due Within One Year 6 (8,526 ) (738 )
NET CURRENT ASSETS (LIABILITIES) (4,571 ) 6,785
TOTAL ASSETS LESS CURRENT LIABILITIES (4,216 ) 7,258
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (67 ) (90 )
NET (LIABILITIES)/ASSETS (4,283 ) 7,168
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (4,293 ) 7,158
SHAREHOLDERS' FUNDS (4,283) 7,168
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Manley
Director
18/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lynx Machinery Limited Registered number 03409796 is a limited by shares company incorporated in England & Wales. The Registered Office is 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Office Equipment
£
Cost
As at 1 February 2023 17,017
As at 31 January 2024 17,017
Depreciation
As at 1 February 2023 16,544
Provided during the period 118
As at 31 January 2024 16,662
Net Book Value
As at 31 January 2024 355
As at 1 February 2023 473
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,583 4,250
Prepayments and accrued income 524 496
VAT 20 -
3,127 4,746
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - (1,080 )
VAT - 458
Accruals and deferred income 73 55
Directors' loan accounts 8,453 1,305
8,526 738
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 67 90
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Related Party Transactions
The company is controlled by Mr & Mrs Manley, directors and shareholders of the company.
The balance on the Directors' loan accounts of Mr & Mrs Manely at 31st January 2024 was £8,453 due from the company (2023 - £1,305).
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr M and Mrs J Manley by virtue of their ownership of 100% of the issued share capital in the company.
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