Company Registration No. 10711771 (England and Wales)
Lymphvision Limited
Unaudited accounts
for the year ended 30 April 2024
Lymphvision Limited
Company Information
for the year ended 30 April 2024
Company Number
10711771 (England and Wales)
Registered Office
Mortimer Suite Third Floor,
Stafford Education Park, Weston Road
Stafford
ST18 0BF
Accountants
Victoria Miles Accountants
Stafford Education and Enterprise Park
Weston Road
Stafford
Staffordshire
ST18 0BF
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Lymphvision Limited
for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Lymphvision Limited for the year ended
30 April 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Lymphvision Limited, as a body, in accordance with the terms of our engagement letter dated 9 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Lymphvision Limited and state those matters that we have agreed to state to the Board of Directors of Lymphvision Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lymphvision Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lymphvision Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lymphvision Limited. You consider that Lymphvision Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lymphvision Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Victoria Miles Accountants
Chartered Certified Accountants
Stafford Education and Enterprise Park
Weston Road
Stafford
Staffordshire
ST18 0BF
30 September 2024
Lymphvision Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,575
2,550
Cash at bank and in hand
5,329
12,918
Creditors: amounts falling due within one year
(23,653)
(32,359)
Net current liabilities
(16,959)
(15,308)
Total assets less current liabilities
(15,384)
(12,758)
Provisions for liabilities
Net liabilities
(15,684)
(13,186)
Called up share capital
102
102
Profit and loss account
(15,786)
(13,288)
Shareholders' funds
(15,684)
(13,186)
For the year ending 30 April 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2024 and were signed on its behalf by
Jane Wigg
Director
Company Registration No. 10711771
Lymphvision Limited
Notes to the Accounts
for the year ended 30 April 2024
Lymphvision Limited is a private company, limited by shares, registered in England and Wales, registration number 10711771. The registered office is Mortimer Suite Third Floor,, Stafford Education Park, Weston Road, Stafford, ST18 0BF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. 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.
Lymphvision Limited
Notes to the Accounts
for the year ended 30 April 2024
Support has been provided by a loan from the director who has indicated that this loan will continue for the foreseeable future. The director therefore considers it appropriate to prepare these accounts on a going concern basis.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,357
1,019
Other creditors
15,498
24,610
Loans from directors
5,838
5,830
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
1 Ordinary B shares of £1 each
1
1
1 Ordinary C shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).