IRIS Accounts Production v24.2.0.383 06164613 director 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary shares 1.00000 Ordinary A shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061646132023-02-28061646132024-02-29061646132023-03-012024-02-29061646132022-02-28061646132022-03-012023-02-28061646132023-02-2806164613ns15:EnglandWales2023-03-012024-02-2906164613ns14:PoundSterling2023-03-012024-02-2906164613ns10:Director12023-03-012024-02-2906164613ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906164613ns10:SmallEntities2023-03-012024-02-2906164613ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2906164613ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906164613ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906164613ns10:FullAccounts2023-03-012024-02-290616461312023-03-012024-02-2906164613ns10:OrdinaryShareClass12023-03-012024-02-2906164613ns10:OrdinaryShareClass22023-03-012024-02-2906164613ns10:CompanySecretary12023-03-012024-02-2906164613ns10:RegisteredOffice2023-03-012024-02-2906164613ns5:CurrentFinancialInstruments2024-02-2906164613ns5:CurrentFinancialInstruments2023-02-2806164613ns5:ShareCapital2024-02-2906164613ns5:ShareCapital2023-02-2806164613ns5:RetainedEarningsAccumulatedLosses2024-02-2906164613ns5:RetainedEarningsAccumulatedLosses2023-02-2806164613ns5:NetGoodwill2023-03-012024-02-2906164613ns5:PlantMachinery2023-03-012024-02-2906164613ns5:MotorVehicles2023-03-012024-02-2906164613ns5:NetGoodwill2023-02-2806164613ns5:NetGoodwill2024-02-2906164613ns5:NetGoodwill2023-02-2806164613ns5:PlantMachinery2023-02-2806164613ns5:MotorVehicles2023-02-2806164613ns5:PlantMachinery2024-02-2906164613ns5:MotorVehicles2024-02-2906164613ns5:PlantMachinery2023-02-2806164613ns5:MotorVehicles2023-02-2806164613ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2906164613ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806164613ns5:DeferredTaxation2023-02-2806164613ns5:DeferredTaxation2023-03-012024-02-2906164613ns5:DeferredTaxation2024-02-2906164613ns10:OrdinaryShareClass12024-02-2906164613ns10:OrdinaryShareClass22024-02-29061646131ns10:Director12023-02-28061646131ns10:Director12022-02-28061646131ns10:Director12023-03-012024-02-29061646131ns10:Director12022-03-012023-02-28061646131ns10:Director12024-02-29061646131ns10:Director12023-02-28
REGISTERED NUMBER: 06164613 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

D. LYNCH SERVICES LTD.

D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. LYNCH SERVICES LTD.

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTOR: D Lynch





SECRETARY: S J Lynch





REGISTERED OFFICE: 4 Office Village
Forder Way, Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 06164613 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,027 1,961
12,027 1,961

CURRENT ASSETS
Debtors 6 366,171 304,618
Cash at bank 449,614 1,200,857
815,785 1,505,475
CREDITORS
Amounts falling due within one year 7 232,840 144,384
NET CURRENT ASSETS 582,945 1,361,091
TOTAL ASSETS LESS CURRENT LIABILITIES 594,972 1,363,052

PROVISIONS FOR LIABILITIES 8 3,007 490
NET ASSETS 591,965 1,362,562

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 591,865 1,362,462
SHAREHOLDERS' FUNDS 591,965 1,362,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

BALANCE SHEET - continued
29 February 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 director and authorised for issue on 22 October 2024 and were signed by:





D Lynch - Director


D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

D. Lynch Services Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 2007, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 100,000
AMORTISATION
At 1 March 2023
and 29 February 2024 100,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 66,176 1,500 67,676
Additions 558 12,150 12,708
At 29 February 2024 66,734 13,650 80,384
DEPRECIATION
At 1 March 2023 65,041 674 65,715
Charge for year 411 2,231 2,642
At 29 February 2024 65,452 2,905 68,357
NET BOOK VALUE
At 29 February 2024 1,282 10,745 12,027
At 28 February 2023 1,135 826 1,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 343,734 277,829
Amounts owed by group undertakings - 7,500
Other debtors 3,830 -
Other debtors Section 455 chg 15,189 15,189
Prepayments and accrued income 3,418 4,100
366,171 304,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,940 351
Credit card - 6,050
Amounts owed to group undertakings 61,838 -
Corporation tax 88,498 63,599
Social security and other taxes 10,893 9,542
Net wages 1,703 -
VAT 65,290 51,803
Pension fund 138 181
Directors' current accounts - 5,923
Accruals and deferred income 2,540 6,935
232,840 144,384

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,007 490

D. LYNCH SERVICES LTD. (REGISTERED NUMBER: 06164613)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 490
Provided during year 2,517
Balance at 29 February 2024 3,007

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary shares £1 99 99
1 Ordinary A shares £1 1 1
100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D Lynch
Balance outstanding at start of year 5,923 (65,046 )
Amounts advanced 96,507 150,000
Amounts repaid (102,430 ) (79,031 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,923

At the balance sheet date the company owed the Directors £Nil (2023 : £5,923) There are no terms relating to this loan and it is repayable upon demand.

11. RELATED PARTY DISCLOSURES

Included in other creditors is £61,838 owing to D Lynch Holdings Limited.

12. ULTIMATE CONTROLLING PARTY

D Lynch Holdings Ltd.